Financial Operations Specialist

2 weeks ago


Middletown, Connecticut, United States Vaco Full time

Accounts Payable/Accounts Receivable Specialist
About Vaco:
Vaco is a prominent player in the financial services sector, committed to excellence and innovation. We are seeking a proficient Accounts Payable/Accounts Receivable (AP/AR) Specialist to enhance our finance department. In this position, you will facilitate seamless financial operations by overseeing both payables and receivables, which are vital to our business success.
Key Responsibilities:
Accounts Payable:
  • Invoice Management: Scrutinize, validate, and process invoices from suppliers and vendors, ensuring precision and adherence to corporate policies and procurement guidelines.
  • Payment Processing: Organize and execute timely payments, including checks, electronic transfers, and ACH transactions. Maintain payment schedules to optimize cash flow.
  • Vendor Account Reconciliation: Reconcile supplier statements, address discrepancies, and manage vendor accounts to guarantee accurate financial records.
  • Documentation Maintenance: Keep comprehensive records of accounts payable transactions, including documentation for audits and compliance.
Accounts Receivable:
  • Invoice Generation: Create and distribute customer invoices based on sales orders, ensuring accuracy and compliance with contract stipulations.
  • Payment Tracking: Monitor and record incoming payments, including checks, electronic transfers, and credit card transactions. Accurately apply payments to customer accounts.
  • Collections Oversight: Review accounts receivable aging reports, follow up on overdue invoices, and collaborate with customers to resolve payment issues.
  • Account Reconciliation: Reconcile customer accounts and resolve discrepancies to ensure precise financial reporting.
General Responsibilities:
  • Financial Reporting: Prepare and analyze accounts payable and receivable reports, providing insights into cash flow and financial status.
  • Cross-Functional Collaboration: Work alongside purchasing, sales, and production teams to ensure alignment between financial records and operational activities.
  • Process Enhancement: Identify and propose process improvements to boost efficiency in accounts payable and receivable functions.
Minimum Requirements:
  • Experience: 3+ years of experience in accounts payable and receivable, preferably in a manufacturing context.
  • Education: Associate's degree in Accounting, Finance, or a related discipline; Bachelor's degree is advantageous.
  • Skills: Proficiency in accounting software and Microsoft Excel. Familiarity with manufacturing-specific financial practices and inventory management is highly desirable.
  • Attention to Detail: Strong organizational skills with a high level of accuracy in managing financial transactions and reconciliations.
  • Communication: Excellent interpersonal and communication skills for effective interaction with vendors, customers, and internal teams.


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