All Job descriptions Accounts Payable Manager
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Accounts Payable Manager

We are looking for an Accounts Payable Manager for our accounting department to look after payment transactions and the financial commitments of our company. You will need to maintain ledgers, oversee tax-related processes, maintain spreadsheets and database of valuable information and uphold the company’s policies and image with customers, therefore contributing to its growth.


Accounting Industry

The field of accounting involves the processing and documenting of financial information about corporations and businesses.


What to expect from the role

  • Hands-on experience with managing and supervising the accounts payable department and staff in the organization.
  • Exposure to accounting processes, client servicing, etc.
  • Learning how to organize, multitask and manage time.
  • Learn on the job regarding the best practices in accounting.
  • Exposure to the field of accounting and its various responsibilities.


Responsibilities

  • Manages and supervises the accounts payable department and staff in the organization.
  • Manages functions like maintaining the general ledger, accounts payable, accounts receivable and project accounting.
  • Ensures that systems, policies, and procedures adhere to company policies while functioning with accuracy and timeliness.
  • Ensures that the accounts payable and the company’s financial obligations are met efficiently.
  • Oversees all tax-related processes, like the 1099 tax information.
  • Keep track of the company’s financial expenditures, maintain a database and provide reports as and when requested by supervisors.
  • Oversee all payment transactions such as ACH, wires, paper checks and so on.
  • Will be in charge of data entry, validation, and processing of various types of invoices like general overhead, subcontractor, and employee travel reimbursements.
  • Keeps track of the status of all transactions taking place within the company and external vendors and contractors.
  • Standardize procedures to generate efficiency in-house and create internal templates to be used by the company.
  • Be active on the customer service front and be quick and accurate with communication.


Requirements

  • A bachelor's degree in business administration, accounting, finance, or related field preferred
  • Five or more years of accounting experience
  • Experience with leadership roles and display problem-solving capabilities.
  • Basic computer skills with prior experience working with accounting software like General Ledger (Costpoint) software.
  • Must have substantial ERP AP system experience, as well as 1099 filing experience
  • Strong interpersonal and communication skills to interact with employees, superiors, and customers.
  • Strong analytical and time management skills.
  • Good presentation skills.
  • Well planned, organized with keen attention to detail.


Average Salary

On average $59,071 per annum.

Source - indeed.com

Career Path

Accounts Payable Manager is an intermediate level job. It is the role responsible for managing and supervising the accounts payable department and staff in the organization. It also includes tasks like ensuring company policy is adhered to, general ledger is well-maintained and all payments are made from the companies side. Here are a few steps you can take towards this job:

  • A bachelor's degree in business administration, accounting, finance, or related field preferred
  • Masters and further training in similar fields.
  • Additional certification like CPA.
  • 5+ years of experience in the field of accounting.


Career Progression

With appropriate experience in this job role you can move to other jobs:

  • Account Receivable Manager
  • Senior Account Payable Manager
  • Senior Accounts Manager

With appropriate experience in this job role you can move to other jobs:

  • Purchasing
  • Banking
  • Management


Sample Questions

Personal
  • Why did you choose a job in accounting?

  • Where do you see yourself in five years?

  • What are your strengths and weaknesses?

Human Resources
  • What experience do you have in accounting?

  • How soon can you start and how long do you wish to work?

  • Are you comfortable working overtime?

Management
  • What would you describe your management style as?

  • How will you handle a disgruntled client?

  • How would you organize multiple deadlines?

Technical skills and knowledge
  • How would you handle a discrepancy in bills?

  • Describe the steps that go into a journal entry.

  • What is the best way to organize all payments on a monthly basis?