Job Title:
Transaction Services Manager - Account Payable
Location:
Watford - 5 days a week in the office
Salary: £40,000
Qualification:
Part Qualified - ACCA/CIMA
About the Role
We are seeking an experienced
Transaction Service Manager - Accounts Payable
for a client based in
Watford
. This role is suited for a highly organised and experienced Accounts Payable Manager with strong leadership skills and a proven track record in managing end-to-end AP processes. The ideal candidate will have experience overseeing teams, improving financial workflows, maintaining vendor relationships, and ensuring compliance with internal controls and audit requirements.
Key Responsibilities:
* Accounts Payable Management:
Oversee and manage the end-to-end accounts payable process, ensuring timely and accurate processing, verification, approval, and payment of vendor invoices.
* Team Management:
Supervise, mentor, and support the accounts payable team, allocate workloads, and conduct performance reviews.
* Process Improvement:
Identify and implement process improvements and automation opportunities to increase efficiency and compliance.
* Vendor Relationship Management:
Maintain strong vendor relationships, resolve inquiries, and collaborate with procurement and other departments.
* Reconciliation and Reporting:
Oversee monthly reconciliations, prepare management reports on accounts payable metrics, and ensure compliance with accounting standards.
* Compliance and Audits:
Ensure adherence to laws, regulations, and company policies; assist with audits and implement internal controls to prevent fraud and errors.
* Cash Flow Management:
Manage payment timing to maintain smooth vendor relationships and optimize working capital.
* Reporting to the Financial Controller:
Provide regular updates, insights, and reports on accounts payable status, cash flow, and financial performance to support decision-making.
Personal Experience:
* Minimum 5 years experience
* Strong knowledge of AP processes including GRNI
* Experience in using SAGE 200 or equivalent accounting package
* Understanding of UK and Dutch VAT rules applicable to AP
* Effective communication and vendor management skills
* Attention to detail and accuracy