Manager Accounts Payable

Caterpillar (Rayong, Rayong, Thailand)

Rayong, Thailand

With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.

About this position

The Manager of Accounts Payable is responsible for supervising the full cycle of accounts payable activities.

Responsibilities

• Supervising the full cycle of accounts payable activities, reconciliations, payment processes, invoice grief resolution, year-end procedures, and travel and expense reimbursement. Preparing daily and monthly accounts payable reports and statistical measures for management is also part of the role
• Manage and control the invoice processing delays, this occurs when invoices are not processed promptly due to manual data entry, missing information, or discrepancies that require resolution.
• Manage errors in payment processing, such as duplicate payments or incorrect amounts, can cause delays and require additional time to resolve.
• Manage delays in obtaining necessary approvals from various departments or managers can slow down the payment process.
• Outdated or inefficient accounting systems can slow down the processing of invoices and payments.
• Ensuring that all documents related to payments comply with internal policies and external regulations can be time-consuming and may cause delays if not managed effectively.
• Employing process flows, cycle time, process time, and waste concepts as appropriate. Create process flow or workflow diagrams, document types of process decisions, and identify common process bottlenecks is essential.
• Completing tasks with high levels of precision. Utilizing specific approaches and tools for checking and cross-checking outputs, and processing detailed information accurately is important.
• Interpreting and explaining the organization's internal financial controls, policies, procedures, and tax regulations is a key responsibility. This includes revising, developing, and implementing accounts payable policies and procedures.
• Effective communication with internal staff and external to clarify differences and resolve issues. This includes preparing and presenting reports and statistical measures for management.
• Often involves implementing process improvements, leveraging technology for automation, and enhancing communication and collaboration within the organization.

Requirements

• A degree in accounting, finance, or a related field is typically required.
• Experienced in supervising the full cycle of accounts payable activities.