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GK
Green Key Resources
Accounts Payable Manager
Career Insights for Accounts Payable / Receivable Manager
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Scorecard
Based on Maryland data
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What they do
An Accounts Payable or Receivable Manager manages accounting staff with specific responsibility for maintaining records of accounts payable (company expenses or bills to be paid) and accounts receivable (outstanding invoices or amounts owed to a company). Uses specialized accounting software to create account databases and financial reports.
$120,747 / year median in Maryland
+1% projected growth
Job Description
Accounts Payable Manager
Overview
- Lead the Accounts Payable department, managing operations across multiple entities and systems.
- Collaborate with Finance leadership to ensure accurate and efficient payment processing.
- Develop and enforce accounting policies, methods, and procedures for compliance and efficiency.
- Support ERP system implementation and enhancements, including Workday Financials.
- Provide staff training, mentorship, and professional development opportunities.
- Analyze workflows to identify opportunities for automation and process improvements.
- Prepare detailed management reports, analyses, and performance metrics.
- Ensure compliance with federal, state, and local regulations, including 1099 reporting.
- Supervise and develop Accounts Payable staff, ensuring departmental goals are met.
- Manage invoice processing, vendor payments, ACH transactions, and expense reimbursements.
- Oversee vendor maintenance and compliance with multi-state tax and reporting requirements.
- Lead Workday Financials administration, including testing, validation, and user training.
- Collaborate with IT and Operations teams on system enhancements and implementations.
- Support month-end and year-end closing activities, audits, and financial reporting.
- Ensure adnce to internal controls and company policies.
- Drive process improvements and automation within Accounts Payable operations.
- Bachelor's degree in Accounting, Finance, or related field required.
- Minimum of 5 years of experience in Accounts Payable management roles.
- Proficiency in Workday Financials and ERP system implementations preferred.
- Experience supervising teams of 8 or more employees.
- Knowledge of multi-state tax requirements and 1099 compliance.
- Advanced skills in Microsoft Excel and accounting software.
- Strong analytical and organizational skills with attention to detail.
- Ability to mentor and develop staff effectively.