New Manager, Accounts Payable
- Malaysia
- Permanent
- Full-time
The Manager, Accounts Payable is responsible for overseeing and managing the end-to-end accounts payable and payment management functions. This role involves developing strategies to enhance operational efficiency, ensuring compliance with internal controls and policies, and leading a high-performing team. The incumbent will play a key role in supporting the company's financial health through accurate and timely processing of payables, vendor relationship management, and optimization of payment operations.Key Responsibilities:Strategic Planning and Process Improvement
- Develop and implement strategies to enhance accounts payable and payment operations.
- Identify automation opportunities and lead continuous improvement initiatives to streamline processes.
- Collaborate with Procurement, Treasury, and IT to improve end-to-end Account Payable processes.
- Engage with vendors and key stakeholders to maintain strong relationships and resolve disputes effectively.
- Provide insights and recommendations to senior management regarding cash flow, vendor terms, and process optimization.
- Support implementation and optimization of ERP systems and tools (e.g., SAP, Oracle).
- Lead, coach, and develop a team of accounts payable and payment professionals.
- Establish clear performance expectations and foster a high-performance, accountable culture.
- Identify training needs and support continuous learning and development for the team.
- Promote teamwork, collaboration, and cross-functional knowledge sharing.
- Lead and manage the full accounts payable cycle, including invoice processing, vendor reconciliations, credit notes, and aged payables management.
- Ensure timely and accurate recording of transactions in compliance with internal policies, accounting standards, and tax regulations.
- Oversee the month-end close activities for AP, including accruals, reconciliations, and reporting.
- Review and monitor KPIs and SLAs to ensure high levels of service delivery and process accuracy.
- Supervise the planning and execution of vendor payments across multiple banking platforms, ensuring efficiency, accuracy, and control.
- Coordinate with Treasury for cash flow planning and funding requirements.
- Ensure adherence to payment terms and optimize payment scheduling to improve working capital.
- Manage and mitigate payment-related risks, including fraud prevention controls.
- Ensure compliance with company policies, audit requirements, and applicable financial regulations.
- Maintain robust internal controls and support audit requests, including statutory and internal audits.
- Monitor vendor master data to ensure accuracy and integrity.
- Review and approve high-value or sensitive transactions in accordance with the Delegation of Authority (DoA).
Education
- Candidate must possess at least Degree in Accounting, Finance, Banking or equivalent.
- Minimum 5-7 years of progressive experience in Accounts Payable, including at least 3 years in a managerial or supervisory role.
- Proven experience in leading process transformation, managing teams, and working in a shared services or multinational environment.
- In-depth knowledge of accounts payable processes, internal controls, and compliance requirements.
- Proficiency in ERP systems (e.g., SAP, Oracle) and advanced Excel skills.
- Strong analytical, problem-solving, and decision-making abilities.
- Excellent leadership, communication, and stakeholder management skills.
- Ability to drive results in a dynamic and fast-paced environment