Accounts Payable Strategist

5 days ago


Lahore, Punjab, Pakistan Oxbridge Digital Full time

Job Overview

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  • The Accounts Payable Manager role at Oxbridge Digital involves overseeing the day-to-day operations of the accounts payable department. This includes ensuring timely and accurate payment processing, as well as maintaining compliance with company policies and procedures.

Responsibilities

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  1. Leadership and Supervision: Manage and supervise the accounts payable staff to ensure efficient and effective performance. Regular communication and feedback are essential in achieving this goal.
  2. Financial Management: Oversee functions such as general ledger maintenance, accounts payable, and project accounting to ensure accuracy and timeliness. This requires strong analytical and problem-solving skills.
  3. System Compliance: Ensure that systems, policies, and procedures adhere to company standards and are functioning accurately and efficiently. Implementing process improvements is a key aspect of this responsibility.
  4. Payable Obligations: Ensure that accounts payable and the company's financial obligations are met in a timely and efficient manner. Managing cash flow and optimizing payment schedules is crucial in achieving this objective.
  5. Taxation Support: Oversee tax-related processes and support AM taxation to ensure proper tax withholding and clearance of tax GLs in the software. Staying up-to-date with changing tax regulations is vital.
  6. Financial Expenditures: Track the company's financial expenditures, maintain a database, and provide reports as requested by supervisors. Analyzing spending patterns and identifying areas for cost reduction is an essential part of this role.
  7. Payment Transactions: Oversee all payment transactions to ensure accuracy and efficiency. Monitoring and addressing any discrepancies or issues promptly is critical.
  8. Transaction Monitoring: Keep track of the status of all transactions taking place within the company and with external vendors and contractors. Effective communication with stakeholders is necessary to resolve any queries or concerns.
  9. Process Improvement: Standardize procedures to generate efficiency in-house and create internal templates to be used by the company. Identifying opportunities for improvement and implementing changes is a key responsibility.
  10. Customer Service: Provide excellent customer service by communicating quickly and accurately with stakeholders. Building strong relationships with vendors and contractors is essential.
  11. Aging Reduction: Minimize payable aging agreed on payable terms by improving the system and ensuring compliance with policies and SOPs. Regularly reviewing and refining processes is necessary to achieve this goal.
  12. Query Resolution: Ensure quick resolution of each query within a reasonable time frame. Responding promptly and effectively to stakeholder inquiries is critical.

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