Team Lead, Accounts Payable

The Organization

LGM is a national leader in providing warranty, finance and insurance services to the Canadian automotive industry. LGM brings innovation, quality, service and profitability to its dealer partners through a full suite of products and services distributed in a cutting-edge, ethical and transparent manner. Since 1998, LGM has been successfully supplying quality products backed by leading training and now supports over 1,200 Canadian franchised new car dealerships. Dealer partnerships are complimented with the strong backing and support of their automotive manufacturing brands, which include BMW / MINI, Kia, Mazda, Volvo, Jaguar / Land Rover Range Rover, Mitsubishi Motors, Polestar and Motorrad.

The Job :

The Team Lead, Accounts Payable is responsible for overseeing the Accounts Payable team, ensuring accurate and timely processing of invoices, payments, and expense reports. This role involves managing vendor relationships, ensuring compliance with financial policies, and improving AP processes for efficiency. Additionally, this role is responsible for ensuring a positive dealer experience in relation to the payment of dealer incentives.   The Team Lead serves as the primary point of contact for internal and external stakeholders regarding AP issues.

Key Responsibilities

Oversee and manage the end-to-end accounts payable process, including invoice processing, payment approvals, rewards and incentives program, credit card statements and vendor reconciliations.

Ensure timely and accurate payment of invoices in compliance with company policies and procedures.

Monitor accounts payable aging reports and address outstanding balances.

Ensure adherence to internal controls, financial regulations, and company policies.

Assist in internal and external audits by providing required documentation and reports.

Identify and implement process improvements to enhance efficiency and accuracy in AP operations.

Act as the primary point of contact for vendors regarding payment inquiries and dispute resolution.

Collaborate with other departments to streamline processes and resolve payment issues.

• Supervise AP team and provide guidance and support as needed.

Prepare and analyze accounts payable reports, including cash flow forecasting and expense analysis.

Provide insights and recommendations to senior management regarding cost-saving opportunities.

Participate in changes to systems and processes to enhance efficiency, controls, and accuracy.

Required Skills :

Well organized and able to keep accurate and timely records

Ability to adapt quickly to a changing work environment

Education :

Post-secondary education in accounting or related discipline or experience in Accounts Payable

Experience :

3-5 years of experience in Accounts Payable or accounting-related position with supervisory experience

What We Offer

Required Skills

Required Experience