Key Achievements:

• Implemented streamlined AP processes, reducing invoice processing and payment cycles by 30%.

• Introduced automation tools and electronic workflows, saving the department 15+ hours per week.

• Improved supplier relationship management, negotiating early payment discounts worth £100,000 / $120,000 annually.

• Reduced payment errors by 40% through enhanced controls and reconciliations.

• Mentored and developed AP team members, improving team efficiency and reporting accuracy.

Duties & Responsibilities:

• Manage the accounts payable function, including invoice processing, payments, and reconciliations.

• Develop and implement AP policies, procedures, and internal controls.

• Monitor and manage supplier accounts, ensuring timely and accurate payments.

• Oversee month-end and year-end AP activities, including accruals and reconciliations.

• Prepare reports and dashboards for senior management on AP performance and KPIs.

• Identify opportunities for process improvement, automation, and cost savings within AP.

• Resolve complex payment queries and disputes with suppliers.

• Liaise with internal teams, including procurement, finance, and operations, to streamline AP processes.

• Ensure compliance with statutory and regulatory requirements, including VAT and other relevant taxes.

• Lead and mentor the accounts payable team, supporting development and performance management.

• Coordinate and support internal and external audits relating to accounts payable.

• Maintain accurate records of invoices, payments, and supplier correspondence.

• Approve payments and oversee payment runs, including domestic and international transfers.

• Implement continuous improvement initiatives to enhance AP efficiency and accuracy.

• Monitor cash flow related to supplier payments and manage early payment discount opportunities.

• Assist in budget preparation and forecasting for accounts payable activities.

• Provide ad-hoc analysis and reporting on AP trends, disputes, and efficiencies.

• Participate in finance system upgrades and automation projects.

• Maintain confidentiality, integrity, and professional standards within the AP function.

• Ensure the AP team adheres to company policies, professional standards, and ethical practices.