Accounts Payable Team Lead

Purpose

• To lead and coordinate accounts payable team activities, ensuring accurate and timely processing of invoices, resolving discrepancies, and optimizing payment processes to support financial operations and organizational objectives.

Responsibilities

• Supervise and oversee the daily operations of the accounts payable team.
• Assign tasks and responsibilities to team members, ensuring workload distribution and adherence to deadlines.
• Provide guidance, training, and mentoring to accounts payable staff to enhance their skills and productivity.Ensure accurate and timely processing of invoices and payments.
• Review and approve invoices and payment batches processed by the team.
• Monitor payment terms and ensure payments are made within agreed timelines.
• Collaborate with purchasing and procurement teams to resolve discrepancies and ensure smooth transactions.Oversee the reconciliation of accounts payable transactions and resolve discrepancies promptly.
• Maintain accurate records and ensure compliance with accounting standards and internal controls.Prepare regular reports and analyses related to accounts payable activities, such as aging reports, cash flow forecasts, and payment status updates.
• Provide insights and recommendations based on analysis to improve efficiency and effectiveness of accounts payable processes.Identify opportunities for process improvements and efficiencies within the accounts payable function.
• Implement changes and best practices to streamline processes, reduce costs, and enhance accuracy.

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.Fluency in English is essential for communicating effectively with internal stakeholders and external parties

Experience

• Candidates should have a minimum of 3-5 years of experience in accounts payable, with at least 1-2 years in a lead or supervisory role within a finance team.Demonstrated ability to lead and supervise an accounts payable team, including assigning tasks, training team members, and monitoring performance.Proficiency in accounts payable processes, procedures, and systems. Experience in using accounting software and ERP systems (e.g., SAP, Oracle) for processing invoices, reconciliations, and payments.
• Experience in managing vendor relationships, resolving payment discrepancies, and ensuring adherence to payment terms and conditions.Ability to identify opportunities for process improvements, automation, and efficiency enhancements within the accounts payable function.Effective interpersonal and communication skills to collaborate with team members, cross-functional departments, and external vendors. Ability to resolve issues promptly and maintain a high level of accuracy in payments.

Functional Competencies