Accounts Payable Supervisor

Accounts Payable Supervisor

On-site cairo, Maadi, Egypt Finance Full time

Description

The AP Supervisor is responsible for overseeing and managing the accounts payable function within the company. This role involves leading a team of accounts payable professionals, ensuring accurate and timely processing of invoices, managing vendor relationships, monitoring payment schedules, and maintaining compliance with internal controls and company policies. The AP Supervisor plays a crucial role in optimizing the accounts payable process, driving efficiency, and maintaining strong financial management practices.
Responsibilities:
1. Supervise Accounts Payable Team:
- Provide leadership, guidance, and support to the accounts payable team.
- Assign tasks, set goals, and monitor performance to ensure timely and accurate completion of work.
2. Invoice Processing and Payment:
- Review and approve invoices for payment, ensuring accuracy and adherence to company policies and procedures.
- Coordinate with internal departments to resolve invoice discrepancies or issues.
- Oversee the processing of payments to vendors, ensuring timely and accurate disbursement.
3. Vendor Management:
- Establish and maintain relationships with vendors, addressing any queries or concerns promptly.
- Monitor vendor performance, addressing any issues or disputes as they arise.
4. Process Improvement:
- Continuously review and improve the accounts payable process to enhance efficiency and accuracy.
- Collaborate with cross-functional teams to integrate accounts payable processes with other financial systems.
5. Financial Controls and Compliance:
- Ensure compliance with internal controls and company policies related to accounts payable.
- Participate in audits and provide necessary documentation and support.
- Stay updated on relevant financial regulations and industry best practices.
6. Reporting and Analysis:
- Prepare and analyze accounts payable reports, such as aging reports, cash flow projections, and vendor performance metrics.
- Provide regular updates and insights to management regarding payables status, trends, and areas of improvement.

Requirements

- Bachelor's degree in Accounting, Finance, or a related field.
- Proven experience in accounts payable or a similar financial role, with 5 to 7 years of experience.
- Strong knowledge of accounts payable principles, practices, and regulations.
- Excellent attention to detail and accuracy.
- Strong organizational and time management skills.
- Effective communication and interpersonal skills.
- Analytical mindset with the ability to identify process improvement opportunities.
- Familiarity with financial controls and compliance.
- Ability to work well under pressure and meet deadlines.