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For Companies At a Glance
- Tasks: Lead the Accounts Payable team, ensuring timely payments and efficient operations.
- Company: Join Group Lotus, a historic sports car manufacturer transforming into a global electric performance brand.
- Benefits: Enjoy 25 vacation days, private healthcare, and a hybrid working model.
- Why this job: Be part of an innovative team in a dynamic automotive environment with opportunities for growth.
- Qualifications: Experience in accounts payable management and strong leadership skills required.
- Other info: This role is based in Hethel, UK, with flexible working options.
The predicted salary is between 36000 - 60000 £ per year.
Lotus Cars builds world-class, high-performance, lightweight sports cars sold worldwide. Lotus Cars Limited, based in Hethel, UK, produces sports cars like the Emira and Evija. We are seeking an Accounts Payable Manager to join our Finance department at our manufacturing plant in Hethel.
Summary
The AP Manager will oversee the Accounts Payable function, managing the AP team to meet daily, weekly, and monthly objectives efficiently and accurately. The role involves process improvement, system implementation, supplier relationship management, and team leadership to ensure timely payments, strong controls, and KPI achievement.
What You'll Do
- Accounts Payable Operations: Oversee statistical reporting produced by the AP Senior. Conduct supplier statement reconciliations and ensure accuracy of performance statistics. Manage aged creditors report downloads and macro processes, reviewing with the AP team. Analyze weekly Unapproved Invoice reports, identify trends, and drive resolutions. Monitor monthly Supplier Purchase Order Approval (SUPOA) reports. Sign off Concur top-up spends to ensure scheduled payment runs. Ensure the AP team follows the weekly work structure, prioritising tasks with accuracy and quality. Set and monitor monthly targets for invoice processing and unapproved invoices, reporting on actuals. Manage the Aged Proforma process, tracking outstanding items. Review weekly Aged Unapproved Reports. Collaborate with purchasing to resolve invoice matching and PO issues. Record query types and notes for unapproved invoices, providing regular updates. Review supplier terms and classifications for compliance and accuracy.
- Reporting & Controls: Provide monthly management reports on AP ledger and performance metrics. Approve monthly debit/credit balance reversing journals. Review control balance sheet reconciliations. Ensure completion of checks, controls, and reconciliations before month-end closing. Meet all AP reporting deadlines consistently.
- Team Management & Development: Lead daily operations of the AP team, including resource planning and performance management. Conduct regular 1:1s, team meetings, and development reviews. Measure team efficiency against objectives, KPIs, and SLAs.
- Systems & Process Improvement: Coordinate implementation of new systems (e.g., SAP). Oversee data cleansing from legacy systems. Support system enhancements, process improvements, and policy development.
- Projects & Stakeholder Management: Lead and support special AP projects (e.g., Display Stock, Procure-to-Pay BPM). Collaborate cross-functionally to resolve issues and improve workflows.
What We Offer
- Access to a Company Car Scheme (ECOS).
- 25 Vacation Days + Bank Holidays.
- Future-Proof Pension.
- Private Healthcare.
- Hybrid working model: in-office at Hethel, Norfolk, at least 3 days/week.
This role is based at our Hethel plant, within our flexible working policy. Candidates must be eligible to work in the UK without VISA sponsorship.
Our Company
Group Lotus is a historic sports car manufacturer, now transforming into a global electric performance brand. We launched the all-electric Eletre hyper-SUV in 2022 and the Hyper-GT, Emeya, in 2023. Based in Hethel, Norfolk, UK, we celebrate diversity and inclusion, believing they are vital to our success.
Additional Details
- Seniority level: Mid-Senior level
- Employment type: Full-time
- Job function: Accounting/Auditing and Finance
- Industry: Automotive
Referrals can double your chances of interview success. Join us and be part of an exciting journey in automotive innovation.
Contact Detail:
Group Lotus Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accounts Payable Manager
✨Tip Number 1
Familiarise yourself with the latest trends in accounts payable and financial management. Understanding current best practices and technologies, such as SAP, will show your commitment to process improvement and system implementation, which are key aspects of the role.
✨Tip Number 2
Network with professionals in the automotive finance sector. Engaging with others in similar roles can provide insights into the specific challenges faced in accounts payable within this industry, helping you to tailor your approach and demonstrate relevant knowledge during interviews.
✨Tip Number 3
Prepare to discuss your experience in team management and development. Highlighting your ability to lead a team effectively, conduct performance reviews, and set KPIs will be crucial, as these are significant responsibilities for the Accounts Payable Manager position.
✨Tip Number 4
Research Group Lotus and their recent projects, especially their transition towards electric performance vehicles. Showing that you understand their mission and values will help you connect with the company culture and demonstrate your enthusiasm for being part of their journey.
We think you need these skills to ace Accounts Payable Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounts payable and team management. Use keywords from the job description, such as 'supplier relationship management' and 'process improvement', to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your leadership skills and experience in managing AP functions. Mention specific achievements, such as improving payment processes or enhancing team performance, to make your application stand out.
Highlight Relevant Skills: In your application, emphasise skills that are crucial for the role, such as analytical abilities, attention to detail, and proficiency with systems like SAP. This will show that you understand the requirements of the position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential for an Accounts Payable Manager.
How to prepare for a job interview at Group Lotus
✨Know Your Numbers
As an Accounts Payable Manager, you'll need to demonstrate your understanding of financial metrics. Be prepared to discuss key performance indicators (KPIs) relevant to accounts payable and how you've used them to drive improvements in previous roles.
✨Showcase Your Leadership Skills
This role involves managing a team, so highlight your leadership experience. Share examples of how you've successfully led teams, conducted performance reviews, and implemented training programmes to enhance team efficiency.
✨Familiarise Yourself with Systems
Group Lotus is looking for someone who can coordinate system implementations. Brush up on your knowledge of systems like SAP and be ready to discuss any experience you have with process improvements or data cleansing from legacy systems.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially regarding supplier relationship management and invoice discrepancies. Prepare specific examples of challenges you've faced and how you resolved them to ensure timely payments.
