Understanding the role and compensation of an accounts payable manager

What does an accounts payable manager do?

Day-to-Day Responsibilities in Accounts Payable Management

The accounts payable manager plays a crucial role in the financial operations of any organization. This job centers on ensuring accuracy and timeliness in processing invoices, managing expense reports, and maintaining vendor relationships. The manager will be responsible for overseeing the accounts payable process, which includes reviewing and approving payments, reconciling accounts, and supporting month-end and year-end closing activities.

In both permanent and temporary USD jobs, the accounts payable manager must bring strong attention to detail and a commitment to accurate financial reporting. The role requires close collaboration with team members across finance accounting and other departments to ensure that all payments are processed in accordance with company policies and regulatory requirements. This is especially important for organizations based in major markets like New York, where compliance and efficiency are highly valued.

• Managing the full cycle of accounts payable, from invoice receipt to payment
• Ensuring accuracy in data entry and payment processing
• Supporting the management of vendor accounts and resolving discrepancies
• Coordinating with other team members to support month-end and year-end closing
• Maintaining accurate and timely records for audits and financial reporting

This role is ideal for detail-oriented professionals who want to join a team focused on efficient financial management. Whether you are looking at permanent USD or temporary USD positions, accounts payable manager jobs offer opportunities to develop expertise in accounting and financial management. For those interested in understanding how compensation for this role compares to other finance jobs, you can view job salary breakdowns here.

Key skills and qualifications needed

Essential abilities for success in accounts payable management

The role of an accounts payable manager is demanding and requires a unique blend of technical and interpersonal skills. Employers expect candidates to bring strong accounting knowledge and a detail oriented approach to ensure accurate financial operations. Whether you are considering permanent usd or temporary usd positions, the core requirements remain consistent across most jobs.

• Accounting expertise: A solid foundation in finance accounting is crucial. You will be responsible for overseeing the accounts payable process, ensuring accuracy in expense reports, and supporting month end closing activities.
• Attention to detail: The role requires a sharp eye for discrepancies to ensure accurate timely payments and prevent errors in financial records.
• Management skills: As a manager, you will support team members, coordinate with other departments, and oversee the workflow to ensure smooth financial operations.
• Communication: Clear communication is vital when working with vendors, internal teams, and upper management. This helps in resolving issues quickly and maintaining strong relationships.
• Problem solving: The ability to troubleshoot and resolve issues in the accounts payable process is highly valued in both permanent and temporary jobs.
• Technical proficiency: Familiarity with accounting software and ERP systems is often required, as these tools are central to managing accounts and ensuring accuracy.

Most employers look for candidates with a bachelor’s degree in accounting, finance, or a related field. Some roles may require additional certifications or several years of experience in accounts payable or similar financial operations. If you are aiming to join team environments in cities like New York or looking for opportunities to view job openings in different sectors, these qualifications will help you stand out.

For a deeper understanding of how hourly compensation can impact your career in finance and accounting, you might find this article on what a $60 per hour salary means useful as you evaluate your next move in accounts payable manager jobs.

Compensation structure for accounts payable managers

How pay is structured for accounts payable managers

The compensation structure for an accounts payable manager is shaped by several factors, including the size of the company, industry, location, and the complexity of the financial operations they oversee. In most cases, this role is offered as a permanent position, but temporary jobs are also available, especially during peak financial periods or to support month-end and year-end processes. A typical accounts payable manager salary in the United States ranges from USD 65,000 to USD 110,000 per year, with higher compensation found in major metropolitan areas such as New York. Temporary USD rates may be offered for short-term assignments, depending on the scope of the job and the urgency to join the team. Permanent USD salaries often come with additional benefits, reflecting the importance of ensuring accuracy and management of expense reports and accounts.

• Base salary: This forms the core of the compensation, reflecting the manager’s experience, detail-oriented approach, and ability to bring strong support to the team.
• Bonuses: Many organizations offer annual or quarterly bonuses tied to accurate timely processing of accounts payable, cost savings, or process improvements.
• Incentives: Some companies provide incentives for achieving key performance indicators, such as reducing errors in expense reports or ensuring accuracy in financial operations.
• Other allowances: Depending on the job, there may be additional allowances for professional development, certifications, or support for remote work.

The role requires a blend of technical accounting knowledge and management skills. Employers value candidates who are detail oriented, can manage team members, and are capable of supporting accurate financial reporting. The compensation package is designed to attract professionals who will be responsible for maintaining the integrity of the accounts payable process and ensuring accuracy across all transactions. For organizations operating internationally or with complex payroll needs, partnering with an employer of record can simplify compensation and benefits administration. For more on this, you can read about how an employer of record in the Philippines simplifies compensation and benefits. Overall, accounts payable manager jobs offer competitive pay, especially for those who join teams in high-demand markets or bring strong finance accounting expertise. The compensation structure reflects the critical nature of the role in supporting accurate timely payments and effective financial management.

Benefits commonly offered to accounts payable managers

Common Benefits in Accounts Payable Management Roles

Accounts payable manager jobs typically come with a comprehensive benefits package, reflecting the importance of this role in ensuring accurate financial operations and supporting the broader accounting team. While compensation in usd is a key factor, benefits play a significant role in attracting and retaining detail oriented professionals who bring strong process management skills.

• Health and Wellness: Most permanent usd roles offer medical, dental, and vision insurance. These benefits support team members' well-being and are standard in both permanent and temporary usd positions, especially in larger finance accounting teams.
• Retirement Plans: 401(k) plans or similar retirement savings options are common, often with employer matching. This helps accounts payable managers plan for their financial future while supporting month-end and year-end close processes.
• PTO and Holidays: Paid time off, including vacation, sick leave, and public holidays, is standard for both permanent and temporary roles. This ensures managers can recharge and maintain high performance in their job.
• Professional Development: Many employers offer support for continuing education, certifications, or training. This is valuable for those looking to advance in accounting or management and take on more complex jobs within the team.
• Bonuses and Incentives: Performance-based bonuses are often part of the compensation structure, rewarding accurate timely processing of accounts and expense reports, as well as ensuring accuracy in financial operations.
• Flexible Work Arrangements: With the rise of remote and hybrid jobs, some companies now offer flexibility in work location and hours, especially in cities like New York where commuting can be a factor.
• Other Perks: Additional benefits may include wellness programs, employee assistance programs, and discounts, all aimed at supporting the manager and their team members.

The benefits offered can vary depending on whether the role is permanent or temporary, the size of the company, and the location. For example, a permanent usd accounts payable manager job in New York may offer a broader benefits package compared to a temporary usd position. Ultimately, these benefits are designed to support the accounts payable manager in their role, ensuring accuracy and efficiency in financial management while providing a supportive work environment.

Factors influencing pay and benefits

What impacts the pay and benefits for accounts payable managers?

Several factors can influence the compensation and benefits package for an accounts payable manager. Understanding these elements is key for anyone considering this role or aiming to join a new team in finance accounting.

• Location: Geographic region plays a significant role. For example, accounts payable manager jobs in major cities like New York often offer higher salaries compared to other areas, reflecting the cost of living and demand for accounting professionals.
• Industry: The sector you work in matters. Permanent USD roles in industries such as healthcare, technology, or financial operations may offer more competitive pay and benefits than temporary USD positions in smaller organizations.
• Company Size: Larger companies with complex accounts payable processes tend to provide higher compensation and more comprehensive benefits. These organizations require managers who can ensure accurate timely payments and support month-end closing, making the role more demanding.
• Experience and Qualifications: The level of experience and specific qualifications you bring strongly impact your earning potential. Detail oriented managers with a track record of ensuring accuracy in expense reports and managing team members are often rewarded with higher pay.
• Job Scope and Responsibilities: The broader your responsibilities—such as overseeing multiple teams, implementing new process management systems, or supporting accurate financial reporting—the more likely you are to command a higher salary and better benefits.
• Type of Employment: Permanent roles generally offer more stable compensation and a wider range of benefits compared to temporary jobs. Temporary USD roles may offer higher hourly rates but fewer long-term benefits.

Employers also consider the current job market and demand for accounts payable expertise. As companies seek professionals who will responsible for accurate financial operations and management, those who bring strong leadership and technical skills to the table are in a better position to negotiate their compensation. If you are looking to view job opportunities or join team environments that value your expertise, understanding these influencing factors can help you make informed decisions about your career in accounts payable management.

Career progression and how to increase earning potential

Paths to Advancement in Accounts Payable Management

Accounts payable manager jobs offer a clear pathway for career progression within finance accounting. Many professionals start in entry-level accounts roles, such as accounts payable clerk or specialist, before moving into supervisory or management positions. The role requires a detail-oriented mindset, strong process management skills, and the ability to ensure accurate financial operations. As you gain experience and demonstrate your ability to support month-end closing, manage expense reports, and ensure accuracy in payments, you become a strong candidate for more senior roles.

How to Boost Your Earning Potential

If you are looking to increase your compensation as a payable manager, consider these strategies:

• Expand your expertise: Pursue additional certifications in accounting or financial management. Credentials like the Certified Accounts Payable Professional (CAPP) or Certified Management Accountant (CMA) can set you apart in the job market.
• Take on more responsibility: Volunteer to lead projects that improve accounts payable processes or support the implementation of new financial systems. This shows your commitment to accurate timely reporting and process improvement.
• Develop leadership skills: Effective management of team members and the ability to bring strong support to your team are highly valued. Leadership training or mentoring junior staff can help you stand out.
• Stay updated on industry trends: Understanding changes in compliance, technology, and best practices in accounts payable will make you a valuable asset to your team and organization.
• Consider location and job type: Compensation can vary widely by region. For example, permanent usd salaries in cities like New York tend to be higher than in other areas. Temporary usd roles may offer flexibility but different benefits. Review job postings to compare permanent and temporary opportunities.

Typical Career Progression Table

Role	Years of Experience	Typical Compensation (USD)	Key Responsibilities
Accounts Payable Clerk	0-2 years	$40,000 - $55,000	Process invoices, support accurate timely payments
Accounts Payable Specialist	2-5 years	$50,000 - $65,000	Expense reports, ensuring accuracy, support month-end
Accounts Payable Manager	5+ years	$65,000 - $90,000+	Team management, process improvement, accurate financial reporting
Finance Manager / Controller	8+ years	$90,000 - $130,000+	Oversee financial operations, strategic planning, management support

Whether you are seeking permanent or temporary jobs, the accounts payable field offers opportunities to join teams in various industries. The key is to continuously develop your skills, stay detail oriented, and ensure you bring strong value to your organization.