Chief of Accounts Payable & Expenses - BAAN Holding | بان القابضة

The Chief of Accounts Payable & Expenses is responsible for leading and managing the accounts payable and expense management functions within the organization. This executive role involves developing and implementing strategies to optimize accounts payable processes, ensuring timely and accurate processing of invoices and payments, maintaining strong vendor relationships, and supporting overall financial operations. The Chief will collaborate closely with the finance department and senior management to ensure compliance with financial policies and effective cash flow management.

Key Responsibilities

• Strategic Leadership : Develop and implement strategies to enhance the efficiency and effectiveness of accounts payable and expense management.
• Invoice Processing Oversight : Ensure the accurate review, verification, and processing of invoices from vendors and suppliers, in compliance with company policies.
• Payment Management : Oversee timely payments to vendors, maintaining accurate financial records and ensuring adherence to payment terms.
• Vendor Communication : Cultivate and maintain strong relationships with vendors, addressing invoice inquiries, payment statuses, and discrepancies.
• Account Reconciliation : Supervise regular reconciliations of accounts payable records, ensuring accuracy and prompt resolution of discrepancies.
• Financial Reporting : Lead the preparation and submission of comprehensive accounts payable reports to the finance department, including aging reports and payment forecasts.
• Compliance Assurance : Ensure compliance with financial regulations and internal policies related to accounts payable and expenses.
• Expense Management : Oversee monitoring of departmental budgets, tracking expenses, and ensuring adherence to budgetary guidelines.
• Collaboration : Work closely with other departments, such as finance and procurement, to ensure seamless processing of invoices and payments.
• Audit Support : Facilitate internal and external audits by providing necessary documentation and support related to accounts payable activities.
• Continuous Improvement : Stay informed about best practices in accounts payable management and spearhead process improvements to enhance operational efficiency.

Qualifications

Core Skills

Key Result Areas (KRAs)

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