Manager Accounts Payable

Children's National Medical Center
United States, Maryland, Silver Spring
801 Roeder Rd #300 (Show on map)
Nov 13, 2024
Description The Accounts Payable Manager is responsible for overseeing the day-to-day operations of the Accounts Payable department, ensuring accurate and timely processing of invoices, managing vendor relationships, and implementing efficient and effective accounts payable processes. The incumbent will play a crucial role in maintaining financial integrity, managing a team of AP professionals, and collaborating with cross-functional teams to drive process improvements and achieve departmental objectives. Stays up to date with industry trends and leading practices in accounts payable processes within the healthcare sector, making recommendations for process improvements that enhance efficiency and compliance. Qualifications Minimum Education Bachelor's Degree Accounting, finance, or a related field. (Required) Minimum Work Experience 5 years Extensive experience in accounts payable, with a proven track record of managing AP operations. (Required) Required Skills/Knowledge Strong knowledge of accounts payable principles, practices, and relevant accounting standards. Demonstrated leadership and people management skills. Excellent analytical and problem-solving abilities. Proficient in financial systems and software, including ERP systems. Advanced Excel skills and data analysis capabilities. Strong communication and interpersonal skills. Detail-oriented, organized, and able to manage multiple priorities and deadlines. This job description is a general guideline and additional responsibilities may be assigned based on the needs of the organization. Required Licenses and Certifications Certified Accounts Payable Manager or Accredited Payable Manager designation preferred. (Preferred) Functional Accountabilities Department Leadership Lead and manage the Accounts Payable team, including hiring, training, and developing team members. Set performance goals, provide regular feedback, and conduct performance evaluations. Foster a positive and collaborative work environment. Process Management Oversee the end-to-end accounts payable process, ensuring accuracy, efficiency, and compliance. Develop and implement policies, procedures, and internal controls to safeguard financial assets. Monitor and analyze key performance metrics to identify process bottlenecks and areas for improvement. Continuously optimize the accounts payable process to enhance productivity and reduce costs. Vendor Management Establish and maintain strong relationships with vendors and suppliers. Resolve vendor disputes, inquiries, and issues promptly and professionally. Conduct vendor performance evaluations and assess opportunities for strategic partnerships. Financial Integrity and Compliance Ensure compliance with relevant accounting principles, regulations, and company policies. Implement and enforce internal controls to prevent fraud, errors, and duplicate payments. Collaborate with internal audit and external audit teams during audit processes. Stay updated on changes in accounting standards and industry leading practices. Systems and Technology Enhancement a. Evaluate and recommend improvements to accounts payable systems and technologies. b. Collaborate with IT and finance teams to implement system upgrades and enhancements. c. Provide user support and training on accounts payable systems and processes. Cross-functional Collaboration Collaborate with cross-functional teams, including finance, procurement, and IT to streamline processes and improve efficiency. Provide guidance and support to other departments on accounts payable matters. Participate in company-wide initiatives and projects related to financial operations. Reporting and Analysis Prepare regular financial reports, including aging reports, cash flow projections, and key performance indicators. Analyze accounts payable data to identify trends, opportunities for cost savings, and process improvements. Present findings and recommendations to senior management Team Development and Mentoring Foster a culture of continuous learning and professional development within the Accounts Payable team. Provide guidance, coaching, and mentorship to team members. Promote a high level of professionalism and accountability Organizational Accountabilities Organizational Accountabilities (Staff) Organizational Commitment/Identification Teamwork/Communication Performance Improvement/Problem-solving Cost Management/Financial Responsibility Safety Primary Location : Maryland-Silver Spring Work Locations : Tech Hill 12211 Plum Orchard Drive Silver Spring 20904 Job : Management Organization : Finance Position Status : R (Regular) - FT - Full-Time Shift : Day Work Schedule : 8:30A - 5P Job Posting : Nov 13, 2024, 12:03:54 AM Full-Time Salary Range : 85404.8 - 142334.4