Accounts Payable Manager

About This Role

This role oversees the full accounts payable cycle, leads and develops a high-performing team, and ensures compliance with internal policies and external regulations. The Accounts Payable Manager will bring deep financial operations expertise, strong vendor relationship skills, and a passion for process improvement.

Responsibilities

• Oversee the accounts payable department, leading a team of professionals to ensure timely and accurate processing of invoices and payments while maintaining compliance with institutional policies.
• Develop and implement strategic initiatives to enhance operational efficiency, foster a collaborative work environment, and serve as a key liaison between departments to optimize financial workflows and vendor relationships.
• Troubleshoot and resolve AP processing issues that require a solid understanding of AP end-to-end processes and interdependencies between AP and adjacent departments (Accounting, Treasury, FP&A, etc.).
• Anticipate and identify potential risks related to completing AP tasks, and take action to mitigate and minimize company risk exposure.
• Manage AP-related month-end close processes, including posting invoices to and reconciling the general ledger.
• Oversee the management of vendor relationships by ensuring timely communication and resolution of any issues related to payments and services.
• Serve as the primary point of contact for audit inquiries related to accounts payable, ensuring that all documentation is complete and readily available for review.
• Implement and monitor internal controls to safeguard financial data and prevent fraud.
• Ensure compliance with tax regulations (e.g., sales/use tax, 1099 reporting).
• Support internal and external audits with required documentation.
• Prepare and deliver comprehensive reports to senior management that summarize accounts payable activities, highlight key performance indicators, and outline areas for enhancement.
• Establish and analyze Key Performance Indicators (KPIs) to measure accounts payable performance, implementing corrective actions to optimize processes.
• Provide training and professional development opportunities for team members to enhance their skills and knowledge in accounts payable practices.
• Oversee the processing of accurate 1099s for accounts payable as required by the IRS, and research IRS rules for reporting extraordinary 1099s.
• Foster a culture of accountability, collaboration, and continuous improvement.

Requirements

• 7+ years of AP or financial operations experience, including team leadership
• Expert in written and verbal communication, analytical thinking, people management, problem-solving, customer service, organization, strong attention to detail, and interpersonal relationship building
• Proficiency in ERP systems (Oracle)
• Advanced skills with Microsoft Excel
• Strong understanding of accounting principles and financial regulations
• Proven track record in vendor management and process improvement
• Ability to manage multiple priorities and meet tight deadlines

Qualifications

• Four-year college degree or equivalent experience. Bachelor’s degree in finance, accounting, or a related field.
• 7+ years of AP or financial operations experience, including team leadership.

Skills

* Required skills

Benefits