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Accounts Payable Specialist
1 month ago
Responsible for monitoring and processing payable invoices and other payment requests using ERP Accounts Payable system (SAP experience is preferred) and Coupa procurement system.
Core Responsibilities
- Process invoices in compliance with department and company policies and procedures.
- Perform and monitor daily financial transactions, including verifying, classifying, and recording accounts payable data.
- Verify and investigate discrepancies by reconciling assigned vendor statements to open payables balances.
- Facilitate payment of invoices due by sending bill reminders and contacting suppliers.
- Assist with determining if payments are 1099 able.
- Understand company codes, expense accounts, cost centers, profit centers, and internal orders.
- Understand compliance issues around accounts payable processes (W-9, sales tax, 1099able etc.).
- Receive payment requests and invoices and ensure that these are approved as per financial policies and procedures.
- Review all invoices for accuracy and verify invoices against proof of goods/services supplied and posted to correct accounts and cost centers.
- Identify errors in invoices and follow up with user departments for coordination with vendors to resolve invoice discrepancies.
- Ensure invoices relating to contractual payments are as per the agreed terms and conditions.
- Enter & match invoices against purchase orders as applicable.
- Provide periodic review and reconciliation of the general ledger accounts for all payables entries and resolve discrepancies.
- Prepare and record all unrecorded liabilities at the end of the year to ensure that all payables are reconciled.
- Complete special projects as assigned and provide electronic backup in the department where required.
Skills Qualifications
- Knowledge of basic accounting principles.
- Knowledge of AP and General Ledger principles.
- SAP AP and/or Coupa experience is desirable.
- Accuracy and detail orientation.
- Organizational and coordination skills to support multi-tasking.
- Strong oral and written communication skills.
- Basic analytical and problem-solving skills.
Education
- Associates Degree in Business or Accounting, or equivalent in experience.
- 2+ years’ experience in the Finance and Accounting functions, with not less than 2 years in a position of similar responsibility.