1. What is the average salary of an Accounts Payable Manager?
The average annual salary of Accounts Payable Manager is $107,973.
In case you are finding an easy salary calculator,
the average hourly pay of Accounts Payable Manager is $52;
the average weekly pay of Accounts Payable Manager is $2,076;
the average monthly pay of Accounts Payable Manager is $8,998.
2. Where can an Accounts Payable Manager earn the most?
An Accounts Payable Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, an Accounts Payable Manager earns the most in San Jose, CA, where the annual salary of an Accounts Payable Manager is $135,506.
3. What is the highest pay for Accounts Payable Manager?
The highest pay for Accounts Payable Manager is $137,906.
4. What is the lowest pay for Accounts Payable Manager?
The lowest pay for Accounts Payable Manager is $82,663.
5. What are the responsibilities of Accounts Payable Manager?
Accounts Payable Manager manages accounts payable functions to ensure compliance with internal controls and accounting policies. Ensures timely payments of vendor invoices and expense vouchers and maintains accurate financial records and control reports. Being an Accounts Payable Manager routinely reviews applicable accounting reports to identify trends, inefficiencies, and opportunities for improvements or cost-savings. Reviews and evaluates the accounts payable register to ensure accuracy. Additionally, Accounts Payable Manager designs and implements standard policies and procedures to ensure accurate and compliant accounts payable records. Requires a bachelor's degree. Typically reports to a director. The Accounts Payable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Payable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
6. What are the skills of Accounts Payable Manager
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
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Internal Control: Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
3.)
Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.