Accounts Payable Manager Jobs
Accounts Payable Manager Jobs involve overseeing the accounts payable department, ensuring the accurate and timely processing of invoices, payments, and expense reports. This role includes managing a team of specialists, developing departmental policies, and maintaining strong relationships with vendors and internal departments. The primary goal is to optimize the accounts payable process, improve efficiency, and support the organization’s financial health through effective cash flow management.
In addition, the Accounts Payable Manager ensures compliance with financial regulations and internal policies, mitigates risks related to financial discrepancies, and fosters collaboration with other departments such as procurement and finance.
National Yearly Income Range:
$65,000 - $110,000
Why Being an Accounts Payable Manager is Great.
An Accounts Payable Manager plays a crucial role in maintaining the financial health of an organization by overseeing the accounts payable process, ensuring timely payments to vendors, and managing cash flow effectively. This position not only requires strong analytical skills and attention to detail but also offers the opportunity to develop leadership abilities while working closely with various departments. The dynamic nature of the role allows for continuous learning and adaptation to new technologies and processes, making it an exciting career path. Additionally, Accounts Payable Manager Jobs often come with competitive salaries and benefits, providing a stable and rewarding career choice for those interested in finance and management.
Overall, this role is essential for fostering positive vendor relationships and contributing to the overall efficiency of the company's financial operations.
Accounts Payable Manager Job Duties And Responsibilities
The Accounts Payable Manager is responsible for overseeing the accounts payable department, ensuring timely and accurate processing of invoices, payments, and expense reports while developing and maintaining policies and procedures. This role involves managing a team of accounts payable specialists, including hiring, training, and evaluating staff, as well as ensuring compliance with company policies and regulations. The AP Manager also collaborates with other departments to facilitate accurate payments, reconciles transactions, and prepares financial reports for management and government agencies. Additionally, the position requires implementing process improvements to enhance efficiency and accuracy while maintaining strong relationships with employees, clients, and vendors.
Why be an Accounts Payable Manager with IES Residential?
Becoming an Accounts Payable Manager with IES Residential offers a unique opportunity to join a respected company with over 50 years of experience in the electrical services industry, where you can contribute to a culture that prioritizes safety, family, and exceptional customer experiences. You will be part of a diverse and inclusive environment that values employee growth through comprehensive training programs and a commitment to community engagement. IESR's strong financial health and disciplined capital allocation provide a stable foundation for your career, allowing you to play a key role in supporting the company's mission to build a better world while fostering long-term relationships with customers and colleagues alike.
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
Explore Accounts Payable Manager Jobs Near Me by State
Discover a range of Accounts Payable Manager Jobs Near Me by State to find the perfect opportunity that aligns with your career goals.
IES Residential States of Operation
FAQs
What's an Accounts Payable Manager's job description?
An Accounts Payable Manager oversees the accounts payable department, ensuring timely and accurate processing of invoices, payments, and expense reports. This role involves managing a team, developing policies, and maintaining vendor relationships. Key responsibilities include optimizing processes, improving efficiency, ensuring compliance with financial regulations, and collaborating with procurement and finance to support the organization’s financial health.
What is the average salary of an Accounts Payable Manager?
The average salary of an Accounts Payable Manager in the United States is approximately $85,000 per year, with a range from about $65,000 to $110,000. Hourly rates typically range from $31 to $53. Factors such as location, industry, and experience can influence these figures.
How do I get an Accounts Payable Manager job?
To get an Accounts Payable Manager job, start by obtaining a bachelor's degree in Accounting, Finance, or a related field. Gain at least five years of experience in accounts payable or a similar area, developing a strong understanding of accounting principles and practices. Familiarize yourself with accounting software and ERP systems, and enhance your communication and interpersonal skills. Consider obtaining professional certifications like CAPA or CAPP to boost your qualifications. Demonstrate your ability to manage teams, prioritize tasks, and improve processes. Highlight your knowledge of tax regulations and your analytical skills in financial data. Lastly, showcase your commitment to ethical behavior and relationship building in your applications.
What are the job duties of an Accounts Payable Manager?
An Accounts Payable Manager is responsible for overseeing the accounts payable department, ensuring timely and accurate processing of invoices and payments. Key duties include developing and maintaining policies and procedures, managing a team of specialists, ensuring compliance with regulations, and reconciling accounts payable transactions. They also compile financial reports, collaborate with other departments, train staff, and manage vendor relationships. Additionally, they facilitate month-end close processes, assist with audits, and implement process improvements to enhance efficiency and accuracy.
How much does an Accounts Payable Manager make per hour?
An Accounts Payable Manager typically earns between $31 and $53 per hour, with an average salary of around $85,000 per year. Factors like location, industry, and experience can affect these rates.
Is an Accounts Payable Manager job fullfilling?
An Accounts Payable Manager job can be fulfilling for those who enjoy financial management, teamwork, and problem-solving. It offers opportunities for career growth, skill development, and the chance to contribute to a company's financial health. However, job satisfaction varies based on individual preferences and work environment.
How long does it take to become an Accounts Payable Manager?
To become an Accounts Payable Manager, it typically takes around 7 to 10 years. This includes obtaining a bachelor's degree in Accounting or Finance, gaining at least 5 years of relevant experience in accounts payable, and developing strong knowledge of accounting principles, software, and team management skills. Professional certifications can enhance qualifications and potentially shorten the timeline.
Is there a demand for Accounts Payable Managers?
Yes, there is a strong demand for Accounts Payable Managers due to the essential role they play in financial operations, ensuring timely payments and maintaining vendor relationships. As businesses grow and financial regulations become more complex, the need for skilled professionals in this area continues to rise.
What are Accounts Payable Manager career paths?
Accounts Payable Managers can pursue various career paths, including advancing to roles such as Finance Manager, Controller, or Director of Finance. They may also transition into related fields like Accounting Manager, Treasury Manager, or Financial Analyst. Additionally, some may choose to specialize in areas like compliance or auditing, or move into senior leadership positions such as Chief Financial Officer. Continuous professional development and obtaining certifications can further enhance career opportunities.
What are the job responsibilities of an Accounts Payable Manager?
An Accounts Payable Manager is responsible for overseeing the accounts payable department, ensuring timely and accurate processing of invoices and payments. Key duties include developing and maintaining policies and procedures, managing a team of specialists, and ensuring compliance with regulations. The manager reconciles transactions, resolves discrepancies, and collaborates with other departments for efficient operations. They prepare financial reports, oversee month-end and year-end processes, assist with audits, and implement process improvements to enhance accuracy and efficiency. Building relationships with vendors and stakeholders is also essential.
What are the requirements to get an Accounts Payable Manager job?
To qualify for an Accounts Payable Manager position, candidates typically need the following:
1. Education: Bachelor’s degree in Accounting, Finance, or a related field.
2. Experience: At least 5 years in accounts payable or a similar role, with team management experience.
3. Knowledge: Strong understanding of accounting principles, tax regulations, and compliance requirements.
4. Skills: Proficiency in accounting software and ERP systems, along with intermediate Excel skills.
5. Communication: Excellent interpersonal and communication abilities.
6. Detail Orientation: Strong attention to detail and accuracy in financial data management.
7. Management: Experience in process improvement and implementing best practices.
8. Certification: Professional certifications like Certified Accounts Payable Associate (CAPA) or Certified Accounts Payable Professional (CAPP) are advantageous.
9. Problem-Solving: Strong planning and problem-solving skills.
10. Ethics: Commitment to ethical behavior and adherence to company policies and financial legislation.
Are there entry level Accounts Payable Manager jobs?
Yes, entry-level Accounts Payable Manager positions do exist. Typically, these roles require a bachelor's degree in accounting, finance, or a related field. Key skills include strong attention to detail, proficiency in accounting software, excellent communication abilities, and a solid understanding of financial regulations. Prior experience in accounts payable or related areas can be beneficial but is not always mandatory.
Explore Other Jobs That Might be Right for You.
Want to explore something similar to Accounts Payable Manager jobs? Look no further than these other careers that IES Residential has to offer.
