About the role
Description The Accounts Payable Specialist is responsible for managing the entire accounts payable process, ensuring timely and accurate payments of invoices. This role involves processing a high volume of transactions, reconciling vendor accounts, resolving discrepancies, and working closely with internal departments & external vendors to ensure smooth financial operations; as such, our ideal candidate will possess strong problem-solving skills, with keen attention to detail & thoroughness. The
responsibilities and duties of this position described here are representative; this is not a comprehensive list, and other duties may be assigned.
Requirements Invoice Processing Review, verify, and enter vendor invoices into the accounting system, ensuring correct coding to general ledger accounts and cost centers. Match purchase orders and receiving reports to invoices to ensure accuracy. Obtain necessary approvals for payments and resolve any discrepancies between purchase orders, invoices, and receipts. Vendor Management Maintain and update vendor records, including W-9 forms, payment terms, and banking information for ACH payments. Respond to vendor inquiries and reconcile vendor statements. Establish and maintain good relationships with vendors, ensuring prompt payment and issue resolution. Payments and Reconciliation Prepare and process payments, including checks, ACH, and wire transfers, ensuring all payment deadlines are met. Reconcile accounts payable subledger to the general ledger on a monthly basis. Monitor and resolve discrepancies in accounts payable records. Expense Reporting Review and process employee expense reports in compliance with company policies. Ensure appropriate approvals and documentation are included before reimbursement. Reporting and Compliance Assist in month-end closing, ensuring all invoices and payments are processed accurately and timely. Prepare accounts payable aging reports and assist in cash flow forecasting. Assist with annual audits, providing documentation and support as needed. Ensure compliance with company policies, accounting regulations, and tax
