Accounts Payable Associate

Overview

The Accounts Payable associate plays a vital role in ensuring the accurate and timely processing of the company's accounts payable functions. This position is essential in maintaining strong vendor relationships, optimizing cash flow, and contributing to the overall financial health of the organization. The role requires a detail-oriented individual with a strong accounting background and the ability to work effectively in a collaborative team environment.

Key responsibilities

• Manage the end-to-end accounts payable process including invoice processing, payment disbursement, and expense reporting
• Ensure accuracy and timeliness of vendor payments and resolve any discrepancies or issues that may arise
• Reconcile vendor statements and investigate/resolve any discrepancies
• Analyze and report on accounts payable data to support financial decision-making processes
• Collaborate with internal departments to obtain necessary approvals and documentation for payment processing
• Maintain accurate and up-to-date accounts payable records and documentation
• Assist in month-end and year-end closing activities related to accounts payable
• Participate in process improvement initiatives to enhance efficiency and effectiveness of accounts payable functions
• Adhere to internal controls and company policies to ensure compliance with financial regulations
• Provide support for internal and external audits related to accounts payable
• Contribute to the development and implementation of accounting policies and procedures
• Assist in the training and mentoring of junior accounts payable staff
• Stay updated on industry best practices and technological advancements in accounts payable processes
• Communicate effectively with vendors, suppliers, and internal stakeholders regarding accounts payable matters
• Collaborate with the finance team to achieve departmental and organizational goals
  
  

Required Qualifications

• Bachelor's degree in Accounting, Finance, or related field
• 3-5 years of progressive experience in accounts payable or relevant financial roles
• Strong understanding of accounting principles and financial analysis
• Proficiency in using accounting software and ERP systems for accounts payable functions (e.g. SAP, Oracle, NetSuite)
• Familiarity with financial regulations and compliance standards
• Excellent analytical and problem-solving skills
• Detail-oriented with a high level of accuracy in processing financial data
• Ability to prioritize and manage multiple tasks in a fast-paced environment
• Effective communication and interpersonal skills
• Collaborative team player with a proactive and adaptable approach to work
• Solid understanding of internal controls and risk management related to accounts payable
• Certification such as Certified Accounts Payable Professional (CAPP) or Certified Public Accountant (CPA) is a plus
• Experience in process improvement and implementation of accounts payable automation tools is preferred
• Proficient in Microsoft Excel and other MS Office applications
• A commitment to upholding ethical standards and integrity in financial practices
  
  

Skills: erp systems,payment disbursement,communication,expense reporting,process improvement,accounting,accounts payable,accounting software,microsoft excel,financial analysis,documentation,internal controls,vendor relationships,processing,risk management,teamwork,invoice processing,financial regulations