Accounts Payable Manager

Group Lotus; Norwich; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

An established industry player is seeking an Accounts Payable Manager to lead their finance team at a state-of-the-art manufacturing plant. This role is pivotal in overseeing all aspects of accounts payable, ensuring timely payments, and maintaining strong supplier relationships. The ideal candidate will drive process improvements and lead a dedicated team to achieve KPIs while collaborating across departments to enhance workflows. With a commitment to innovation and excellence, this position offers a dynamic environment where your contributions will significantly impact the company's financial operations.

Benefits

Company Car Scheme

25 Vacation Days + Bank Holidays

Future-Proof Pension

Private Healthcare

Qualifications

• Experience in managing Accounts Payable functions and teams.
• Strong analytical skills for financial reporting and KPI achievement.

Responsibilities

• Oversee daily AP operations and reporting, ensuring accuracy and efficiency.
• Lead the AP team, setting targets and monitoring performance.
• Implement process improvements and manage system integrations.

Skills

Accounts Payable Management

Supplier Relationship Management

Process Improvement

Team Leadership

Financial Reporting

Education

Bachelor's Degree in Finance or Accounting

Professional Accounting Qualification (e.g., CIMA, ACCA)

Tools

SAP

Concur

Job description

Lotus Cars builds world-class, high-performance, and lightweight sports cars sold globally.

Lotus Cars Limited, based in Hethel, UK, manufactures sports cars such as the Emira and Evija. To support our growth, we are seeking an Accounts Payable Manager to join our Finance department at our manufacturing plant.

Summary

The AP Manager will oversee the entire Accounts Payable function, managing the AP team to meet daily, weekly, and monthly objectives efficiently and accurately. The role involves process improvement, system implementation, supplier relationship management, and team leadership to ensure timely payments, strong controls, and KPI achievement.

What You'll Do

Accounts Payable Operations:

• Oversee daily, weekly, and monthly AP reporting produced by the AP Senior.
• Conduct supplier statement reconciliations and ensure accuracy of monthly statistics.
• Manage aged creditors reports and macro processes, reviewing with the AP team.
• Analyze weekly Unapproved Invoice reports, identify trends, and drive resolutions.
• Monitor invoice approval progress via monthly SUPOA reports.
• Sign off Concur top-up spends to ensure scheduled payments.
• Ensure the AP team adheres to weekly work structures, prioritizing tasks without compromising quality.
• Set and monitor targets for invoice processing and unapproved invoices, reporting on performance.
• Manage Proforma and Unapproved Reports, reviewing outstanding items.
• Collaborate with purchasing to resolve invoice matching and PO issues.
• Ensure proper recording of query types and notes for unapproved invoices.
• Review supplier terms and classifications for compliance and accuracy.

Reporting & Controls

• Prepare monthly management reports on AP ledger and performance metrics.
• Approve monthly debit/credit journals processed by the AP team.
• Review control balance sheet reconciliations.
• Complete all checks and controls before month-end closing.
• Meet all AP reporting deadlines consistently.

Team Management & Development

• Lead daily operations, resource planning, and performance management of the AP team.
• Conduct regular 1:1s, team meetings, and development reviews.
• Measure team efficiency against objectives, KPIs, and SLAs.

Systems & Process Improvement

• Coordinate new system implementations (e.g., SAP) for AP.
• Oversee data cleansing prior to system migration.
• Support process improvements and policy development for AP performance and controls.

Projects & Stakeholder Management

• Lead and support AP projects such as Display Stock and Procure-to-Pay BPM.
• Collaborate with other departments to resolve issues and improve workflows.

What We Offer

• Access to a Company Car scheme (ECOS)
• 25 Vacation Days + Bank Holidays
• Future-Proof Pension
• Private Healthcare
• Hybrid working model: minimum 3 days in the office per week.

Additional Information

• This role is based at our Hethel plant within our flexible working policy.
• Candidates must be eligible to work in the UK without Visa sponsorship.

About Our Company

Group Lotus has a 75-year legacy of innovative sports cars, engineering excellence, and F1 victories. We are transforming into a global electric performance brand, launching models like the Eletre and Emeya. Located in Hethel, Norfolk, our UK sites foster a diverse talent pool committed to pioneering in the automotive industry. We value diversity and inclusion, viewing them as essential to our success. Learn more about our culture and opportunities on our career site: https://lotusukmanufacturing.teamtailor.com/