Role details

Accounts Payable Manager

London   •   £38,000 - £42,000   •  Permanent

Bullet points

  • Relocation to Romania
  • Team Management

About Our Client

A constantly expanding travel company has expanded into outbound travel from the UK and travel from long haul markets into Europe. The headquarters in based in London, however they have offices all over Europe. The company has an annual turnover of £150m. They hope to continue their growth into the future through nurturing and investing in their people and are always looking for new talent to join the team.

Job Description

The role is based in TARGU MURES, ROMANIA with travel back to London on a quarterly basis or when there has been a board meeting arranged. There is a relocation package included.

Successful candidates for the role of accounts payable manager will have these daily duties:

  • Managing the overall processing and payments function for both businesses, ensuring suppliers are paid accurately and on time.
  • Manage the Third party statement reconciliation and payment procedure, ensure suppliers are paid to terms and accurately
  • Manage the disputed bookings process, making recommendation for settlement and agreement with the Directors of Purchasing and Senior Management
  • Manage the reciprocal arrangements that are in place on the suppliers side, liaise with the Credit Control Manager, commercial teams on a monthly basis to agree NET offsets
  • Defining and issuing processes and procedures for use by the Account Payable Teams including responsibilities of the wider businesses
  • Manage contractual credit limits and deposits in place with suppliers
  • Prepare and Setting of rigorous KPI targets and drive performance of the Team to maximise productivity
  • Providing accurate/timely cash flow forecasting
  • Ensuring the team works cross-functionally in an effective & professional manner, in particular with Purchasing, Customer Care departments and Senior Management
  • Manage creditor days calculations and reviews with FD & Senior Management monthly, implementing drivers to maximize cash flow in the best interest of the businesses, eliminating risk
  • Manage and improve the marketing funds and override process of calculation, accruals, invoicing and deduction/collection of same across both businesses
  • Manage the ledger review of credit & debit balances, ensuring provisions are quantified and accurate on a monthly basis
  • Ensure processing backlogs are eliminated or identified in advance to eliminate risk to supplier payments and both businesses reputations
  • Ensure monthly creditors review meetings take place with the Teams & FTM
  • Ensure creditors reporting, analysis to the FD & CFO is monthly, accurate and professional
  • Conduct monthly 1-2-1 meeting and seasonal appraisals with the Team Leaders, identify development needs
  • Manage interim and year-end audit deliverables required from the department
  • Ensure all month end requirements are delivered on time as agreed with the FTM & FD
  • Management of system projects including integration and alignment of processes
  • Complete any other tasks & projects as and when required by Senior Management, FD& CFO
  • Provide regular updates on individual and team performance

  • Managing creditor's ledger for both business totalling £45 -50 million approx.

  • Direct management of 2 team leaders and wider team of approx. 30 AP executives
  • Issue and monitoring of appropriate policies and procedures, ensure adherence by AP and Commercial Teams
  • The department meets or exceeds all agreed KPI's and processing targets
  • Suppliers are paid on time and accurately
  • Improve system efficiencies across both businesses
  • Improve and introduce improvements to the payment function and banking procedure
  • Improve and align policies and procedure across both businesses
  • Improve reporting output across both businesses

The Successful Applicant

Successful candidates for the role of accounts payable manager will have this skill set:

  • Management of a high volume transactional Accounts Payable department
  • Advanced Excel skills
  • High volume reconciliation
  • Excellent verbal & written skills in English (essential)
  • Excellent verbal & written skills in Romanian (desirable)
  • Process definition and improvement
  • Professional, strong leadership and managerial skills
  • Proactive and results driven, delivering on commitments
  • Ability to make commercially sound decisions in the best interests of the company
  • Accounting background with recognised qualification
  • Financial system reporting
  • High volume reconciliation background
  • Willingness for regular travel to London
  • SUN Financials
  • Travel or e-commerce background
  • System integration and improvements

What's on Offer

Successful candidates for the role of accounts payable manager will be offered:

£38,000 - £40,000 + Benefits

Relocation Package

Apply for this job

Click the Apply or LinkedIn button below or contact Alun Furlong quoting job reference 13744195
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