An Accounts Payable Supervisor is responsible for overseeing the accounts payable department and ensuring efficient processing of financial transactions related to vendor payments. This role involves managing the daily operations of the accounts payable team, maintaining accurate financial records, and implementing effective processes to handle payments and resolve discrepancies. The Accounts Payable Supervisor acts as a key point of contact between the organization and its vendors, ensuring timely payments and maintaining strong vendor relationships. The position requires strong analytical skills, attention to detail, and the ability to lead a team effectively.
| Salary | Market Competitive |
| Experience | 2 – 4 years |
| Location | Saudi Arabia |
| Qualification | Bachelor of Commerce(Commerce) |
| Posted | 13 November 2024 |
| Job Type | Full Time |
| Posted by | Habeebi Recruiter |
| last date to apply | apply within 15 day |
Responsibilities:
1. Managing Accounts Payable Operations
The primary responsibility of the Accounts Payable Supervisor is to oversee the entire accounts payable process. This includes supervising the accounts payable team, reviewing daily transaction records, and ensuring that all vendor invoices are processed accurately and in a timely manner. The supervisor establishes best practices for invoice processing, monitors the workflow, and ensures that the team adheres to company policies and accounting standards. This role involves implementing and optimizing payment procedures to maintain efficient and smooth financial operations.
2. Vendor Management and Payment Processing
The Accounts Payable Supervisor plays a key role in managing relationships with vendors and ensuring prompt payment of invoices. They are responsible for reviewing and approving payment batches, reconciling vendor statements, and handling any payment discrepancies. The supervisor ensures that all payments are made according to agreed-upon terms and conditions to maintain good vendor relationships. Additionally, they work with vendors to resolve any billing issues or disputes, ensuring a transparent and effective communication process.
3. Supervising and Training the Accounts Payable Team
As a leader, the Accounts Payable Supervisor oversees the performance of the accounts payable staff, providing guidance and support when needed. They are responsible for training new team members, conducting regular performance reviews, and setting goals for the team to improve efficiency and accuracy. The supervisor ensures that the team stays updated on industry trends, new software tools, and changes in financial regulations. By fostering a collaborative environment, the supervisor helps the team deliver high-quality service and achieve departmental targets.
4. Financial Reporting and Reconciliation
Accurate financial reporting is a critical aspect of the Accounts Payable Supervisor’s role. The supervisor reviews and verifies the accuracy of all accounts payable records, prepares monthly financial reports, and assists in the closing process at the end of the month and year. They conduct regular reconciliations of accounts payable ledgers to ensure that the financial statements reflect the true financial position of the organization. The supervisor also works closely with the accounting department to support audits and provide necessary documentation.
5. Improving Accounts Payable Processes and Controls
The Accounts Payable Supervisor is responsible for identifying areas of improvement within the accounts payable process. This involves analyzing current workflows, identifying bottlenecks, and implementing new procedures to increase efficiency and accuracy. The supervisor ensures that strong internal controls are in place to prevent errors, fraud, and financial mismanagement. By continuously evaluating and refining processes, the supervisor helps the organization maintain a robust and reliable accounts payable function.
Skills and Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field.
- Proven experience in accounts payable or a similar financial role.
- Strong understanding of accounting principles and financial regulations.
- Proficiency with accounting software and ERP systems (e.g., SAP, Oracle).
- Excellent analytical and problem-solving skills.
- Leadership experience with the ability to manage and train a team.
- Strong communication and interpersonal skills.
- High level of accuracy and attention to detail.
The role of an Accounts Payable Supervisor is critical in ensuring that the financial obligations of the organization are met promptly and accurately. It is an excellent fit for individuals who possess strong organizational skills, a thorough understanding of financial processes, and a passion for leading a team in a dynamic financial environment.
How to apply:
Send your updated resume to our email:
Email: info@rawaj-hcm.com