Accounts Payable ( Manufacturing )

Job Description:

An Executive in the Accounts Payable department is a professional responsible for managing and overseeing the company's accounts payable functions. The role involves handling financial transactions related to the payment of invoices, managing vendor relationships, and ensuring that all payments are made accurately and on time. Here are some key responsibilities and skills associated with a Senior Executive in the Accounts Payable profile:

Responsibilities:
1. Invoice Processing: Manage the end-to-end process of invoice processing,
including verification, coding, and approval.
2. Payment Processing: Ensure timely and accurate processing of payments to
vendors and suppliers.
3. Vendor Management: Build and maintain relationships with vendors,
negotiate payment terms, and resolve any issues or discrepancies.
4. Record Keeping: Maintain accurate and up-to-date records of all accounts
payable transactions.
5. Compliance: Ensure compliance with company policies, accounting
principles, and relevant regulations.
6. Reporting: Prepare and analyse reports related to accounts payable,
including aging reports and cash flow projections (AP).
7. Process Improvement: Identify opportunities for process improvement and
implement best practices to enhance efficiency and accuracy.
8. Communication: Collaborate with other departments, such as procurement
and finance, to ensure seamless operations.
9. Audit Support: Provide support during internal and external audits by
preparing relevant documentation and answering queries.
Skills and Qualifications:
1. Financial Acumen: Strong understanding of accounting principles, financial
processes, and controls.
2. Analytical Skills: Ability to analyse data, identify trends, and make informed
decisions.
3. Attention to Detail: Thorough and accurate in reviewing invoices and other
financial documents.
4. Communication Skills: Effective communication with internal and external
stakeholders, including vendors.
5. ERP Systems: Proficiency in using Enterprise Resource Planning (ERP)
systems for accounts payable functions.
6. Problem Solving: Ability to identify and resolve issues related to accounts
payable processes.
7. Time Management: Efficiently manage multiple tasks and meet deadlines in
a fast-paced environment.
8. Regulatory Compliance: Knowledge of relevant laws and regulations
affecting accounts payable processes.
9. Adaptability: Ability to adapt to changes in technology, processes, and
organizational structure.

An Executive in the Accounts Payable department plays a crucial role in maintaining
financial stability, ensuring compliance, and contributing to the overall success of the
organization.