At a Glance
- Tasks: Lead the accounts payable team and ensure timely processing of vendor payments.
- Company: Join a cutting-edge automotive company focused on performance and innovation.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Diverse workplace encouraging applications from all backgrounds.
- Why this job: Be part of a team that drives excellence in Formula 1 power unit performance.
- Qualifications: Bachelor’s degree in Accounting or Finance and 5-8 years of AP experience.
The predicted salary is between 36000 - 60000 £ per year.
The Accounts Payable (AP) Manager is responsible for overseeing and processing the company’s accounts payable, ensuring timely and accurate processing of vendor invoices, expense reimbursements, and payment transactions. This role ensures compliance with internal controls, company policies and relevant regulations while driving efficiency and process improvements within the AP function.
Key Responsibilities:
- Initially this person will post invoices, process T&E and then eventually build out the accounts payable team, including training, mentoring, and performance evaluations.
- Oversee the full-cycle AP process, including invoice verification, approvals, coding, and payment execution, as well as 3 way matching.
- Ensure accuracy and timeliness in vendor payments, check runs, ACH transactions, and wire transfers.
- Monitor the AP inbox and workflow queues to ensure invoices are processed promptly.
- Maintain vendor master data, ensuring accuracy and compliance with company and tax requirements (e.g., W-9, 1099).
- Reconcile AP sub-ledger to the general ledger and resolve discrepancies promptly.
- Review and approve expense reports in compliance with the company’s travel and expense policy that is currently manual and then transition to Concur shortly.
- Develop and maintain internal controls over the AP process to safeguard company assets.
- Partner with Procurement, Operations, and other departments to resolve invoice and payment issues.
- Prepare AP aging reports and cash requirements forecasts.
- Support month-end and year-end close processes, including accruals and financial reporting.
- Manage annual 1099 reporting and assist with audits as needed.
- Identify and implement process improvements and automation opportunities to enhance efficiency.
Required Qualifications:
- Bachelor’s degree in Accounting, Finance, or related field required.
- 5–8 years of progressive experience in accounts payable, with at least 2 years in a supervisory or management role.
Technical Skills:
- Proficiency in ERP systems (e.g., SAP, Oracle, NetSuite, or similar).
- Strong Excel and data analysis skills (pivot tables, VLOOKUPs, data analysis).
- Familiarity with automated AP systems and workflow tools.
Knowledge:
- Solid understanding of GAAP and accounting procedures.
- Knowledge of 1099 reporting, sales/use tax and vendor compliance.
Preferred Qualifications:
- Experience in a manufacturing or multi-entity organization.
- Experience implementing AP automation solutions.
- IFS experience preferred.
Key Competencies:
- Strong leadership and team development abilities.
- Excellent organizational and time management skills.
- High attention to detail and accuracy.
- Strong analytical and problem-solving abilities.
- Effective communication and interpersonal skills.
- Ability to manage multiple priorities in a fast-paced environment.
Why Join Us:
You’ll play a pivotal role in ensuring the reliability and performance of a next-generation Formula 1 power unit. Our culture rewards precision, innovation, and the relentless pursuit of performance.
Please note: GM Performance Power Units and all affiliated companies are Equal Opportunity employer(s). Minorities, women, veterans, and individuals with disabilities are encouraged to apply.
Locations
Accounts Payable Manager in Hampshire, Portsmouth employer: GM Performance Power Units
At GM Performance Power Units in Concord, NC, we pride ourselves on being an exceptional employer that fosters a culture of innovation and precision. As an Accounts Payable Manager, you will not only oversee critical financial processes but also have the opportunity to build and mentor a dedicated team, ensuring your professional growth in a dynamic environment. Our commitment to employee development, coupled with our focus on performance excellence, makes us a rewarding place to advance your career.
Contact Details:
GM Performance Power Units Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Accounts Payable Manager in Hampshire, Portsmouth
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting world. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your experience in accounts payable management. This will help you stand out as a candidate who truly gets them.
✨Tip Number 3
Showcase your skills! Bring examples of how you've improved processes or led teams in your previous roles. Use specific metrics to demonstrate your impact, especially in areas like AP automation or compliance.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at GM Performance Power Units.
We think you need these skills to ace Accounts Payable Manager in Hampshire, Portsmouth
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Accounts Payable Manager role. Highlight your relevant experience in accounts payable, especially any supervisory roles you've held. We want to see how your skills match what we're looking for!
Showcase Your Skills:Don’t forget to showcase your technical skills! Mention your proficiency in ERP systems and Excel, as well as any experience with automated AP systems. This will help us see that you’re ready to hit the ground running.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit. We love seeing enthusiasm and a personal touch!
Apply Through Our Website:Remember to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at GM Performance Power Units
✨Know Your Numbers
Brush up on your accounting knowledge, especially GAAP and accounts payable processes. Be ready to discuss how you’ve handled vendor payments, reconciliations, and any experience with 1099 reporting. This will show that you’re not just familiar with the role but have practical experience to back it up.
✨Showcase Your Leadership Skills
Since this role involves building and managing a team, be prepared to share examples of how you've trained or mentored others in previous positions. Highlight your leadership style and how you foster a collaborative environment, as this will resonate well with the interviewers.
✨Demonstrate Process Improvement Mindset
Think of specific instances where you identified inefficiencies in the AP process and implemented solutions. Whether it’s automating tasks or improving workflows, showcasing your proactive approach to enhancing efficiency will set you apart from other candidates.
✨Prepare for Technical Questions
Familiarise yourself with ERP systems like SAP or Oracle, and brush up on your Excel skills, particularly pivot tables and VLOOKUPs. Expect questions that test your technical abilities, so being able to demonstrate your proficiency will give you an edge in the interview.
