Transactional Manager (AP & AR)

Key Achievements:

• Streamlined accounts payable and receivable processes, reducing transaction processing time by 30%.

• Introduced automation for invoice processing and collections, saving 15+ hours per week across the team.

• Improved cash flow management by optimising payment cycles and receivables collection, freeing £250,000 / $300,000.

• Reduced errors in AP and AR entries by 35% through enhanced controls and reconciliations.

• Mentored and developed transactional finance staff, improving overall team efficiency and accuracy.

Duties & Responsibilities:

• Manage daily transactional finance operations, including accounts payable and accounts receivable.

• Ensure timely and accurate processing of invoices, payments, and collections.

• Monitor and reconcile supplier and customer accounts, resolving discrepancies or disputes.

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

• Prepare regular reports, KPIs, and dashboards for senior management on AP & AR performance.

• Collaborate with finance, sales, procurement, and operations teams to resolve transactional issues.

• Lead month-end and year-end closing activities related to AP and AR.

• Approve payment runs, intercompany transactions, and receivables adjustments as appropriate.

• Implement process improvements, automation, and workflow enhancements to increase efficiency.

• Forecast cash flow and manage working capital in relation to payables and receivables.

• Oversee team performance, providing coaching, training, and development.

• Support internal and external audits by providing schedules, reconciliations, and documentation.

• Ensure compliance with statutory, regulatory, and corporate financial policies.

• Maintain accurate records, filing, and documentation for all AP & AR transactions.

• Conduct credit risk assessments for new and existing customers.

• Resolve escalated supplier and customer queries promptly.

• Provide ad-hoc financial analysis and reporting to support management decision-making.

• Participate in system upgrades and process improvement initiatives for transactional finance operations.

• Uphold confidentiality, integrity, and professionalism in all AP & AR activities.

• Contribute to continuous improvement initiatives within the finance department