Assistant Manager - Accounts Payable

Position Overview

Qiddiya Investment Company is seeking a dynamic and results-driven Assistant Manager - Accounts Payable to join our finance team. This pivotal role is designed to ensure the seamless execution of accounts payable operations, safeguarding the financial integrity and operational efficiency of the organization. You will play a key leadership role in managing accounts payable processes, fostering strong vendor relationships, and ensuring compliance with corporate policies and regulatory standards. Your expertise will be instrumental in driving continuous improvement within our financial operations.

Key Responsibilities

As the Assistant Manager - Accounts Payable, you will be responsible for overseeing and optimizing the accounts payable function, with a focus on accuracy, efficiency, and strategic oversight. Your core responsibilities will include:

• Team Leadership and Supervision: Lead, mentor, and supervise the accounts payable team to ensure the timely and accurate processing of invoices and payments, maintaining high standards of operational excellence.
• Invoice Review and Approval: Oversee the review and approval of vendor invoices, verifying compliance with company policies, contractual agreements, and applicable regulatory requirements to mitigate financial risks.
• Stakeholder Communication: Act as a liaison between vendors, internal departments, and senior management to resolve invoice discrepancies, address payment issues, and facilitate smooth financial transactions.
• Vendor and Record Management: Maintain comprehensive and up-to-date vendor records within the accounting system, ensuring accuracy and accessibility for audits and reporting purposes.
• Internal Controls and Audits: Conduct regular audits of accounts payable transactions to validate adherence to internal controls, corporate policies, and regulatory frameworks, identifying opportunities for process enhancement.
• Financial Reporting and Analysis: Assist in month-end and year-end closing activities specific to accounts payable, preparing detailed reports and analyzing data to uncover trends, inefficiencies, and areas for improvement.
• Regulatory Compliance: Stay abreast of evolving best practices, industry standards, and regulatory requirements in accounts payable management to ensure the organization remains compliant and competitive.
• Process Improvement: Collaborate with cross-functional teams to identify and implement innovative solutions that streamline accounts payable processes, reduce operational costs, and enhance overall efficiency.

Qualifications and Requirements

To excel in this role, you must possess a blend of technical expertise, leadership acumen, and a commitment to excellence. The ideal candidate will meet the following criteria:

• Education: Bachelor’s degree in Accounting, Finance, or a closely related field from an accredited institution.
• Professional Experience: Minimum of five years of progressive experience in accounts payable, finance, or a related discipline, with a proven track record of managing teams and processes in a corporate environment.
• Technical Proficiency: In-depth knowledge of accounts payable processes, internal controls, and financial regulations, coupled with hands-on experience using accounting software and Microsoft Office Suite, particularly Excel.
• Analytical and Organizational Skills: Exceptional attention to detail, strong analytical capabilities, and the ability to manage multiple priorities in a fast-paced, dynamic setting.
• Leadership and Communication: Demonstrated ability to lead and develop a high-performing team, combined with excellent interpersonal and communication skills to build and maintain strong relationships with stakeholders at all levels.
• Adaptability and Problem-Solving: A proactive mindset with the ability to anticipate challenges, resolve issues efficiently, and drive continuous improvement within the accounts payable function.