Accounts Payable Manager
About The Position
The Accounts Payable Manager oversees Towne’s accounts payable function and leads a team responsible for accurate and timely processing of vendor invoices, general ledger postings, and payment transactions. The role maintains the integrity of accounts payable records, monitors aging reports, maintains internal controls, and promotes efficient processes in compliance with company policies and accounting procedures. The manager oversees daily accounts payable operations, vendor relationships, payment execution, month-end processing, and audit support. The role also uses AI DocLogic to automate AP workflows, supports acquisition-related vendor and payment transitions, and works with internal departments, accounting teams, vendors, and banking partners. The position manages three Accounts Payable Coordinators and performs duties independently with minimal supervision.
Requirements
- Bachelor’s degree in Accounting or a related field.
- Four or more years of related experience and/or training, or an equivalent combination of education and experience.
- Five years of previous supervisory experience and payables experience.
- Knowledge of accounting and general ledger accounts, including how they relate to invoices.
- Proficiency in Microsoft Suite, including Excel, Word, and PowerPoint.
- Ability to cooperate with senior management and coworkers to maintain services for internal and external customers.
- Ability to treat clients and associates with courtesy, respect, and dignity.
- Ability to interface with management and technology support personnel on accounting applications.
- Ability to identify current or potential problems with reports, analyze their impact on financial data, and propose solutions.
Responsibilities
- Manage a team of three Accounts Payable Coordinators by assigning, reviewing, and approving work; monitoring performance; and providing training, coaching, and development.
- Oversee vendor communications, research vendor statements and account discrepancies, and resolve payment inquiries.
- Oversee daily accounts payable operations, including month-end processing, vendor setup and approvals, 1099 processing, and payment execution through the ERP system and banking partners.
- Use AI DocLogic to automate accounts payable processes, improve workflow efficiency, reduce manual tasks, and enhance accuracy and consistency.
- Identify and implement AP process improvements and strengthen internal controls, policies, procedures, forms, and systems.
- Support the client accounting team during month-end close and ensure accurate, timely processing and posting of AP transactions.
- Coordinate vendor onboarding, account transitions, and payment-process integration related to acquisitions.
- Prepare and provide accounts payable documentation and supporting information for external audits, maintaining accurate records and compliance.
- Partner with internal departments, accounting teams, vendors, and banking partners to address operational needs, resolve issues, and provide effective service.
- Post journal entries weekly and during the month-end process.
- Complete tasks in a timely manner as instructed by the Sr. Treasury Manager.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Accident insurance
- Critical illness insurance
- Hospital indemnity insurance
- Telemedicine benefits
- Company-paid basic life and AD&D insurance
- Short-term and long-term disability
- 401(k) retirement savings plan
- Paid time off
- Six paid holidays
- Up to four paid floating holidays
- Potential annual incentive bonuses, subject to job classification and policy guidelines
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What This Job Offers
Job Type
Full-time
Career Level
Manager
