Senior Accounts Payable Job Description

Why Should We Hire You Example

“I am an experienced project leader with a proven track record of success in the industry. I am passionate about leads and customer service, and my experience working with a team provides me with the ability to take on large projects. My writing is clear, concise, and engaging, making me an ideal candidate for your company.” – source.

Job Posting For Senior Specialist

Company Overview:

Tredegar Corporation is a global leader in the plastic films and aluminum extrusion industries. Recognized for a wide range of capabilities in polyethylene, polypropylene, elastics and polyester films in addition to custom aluminum extrusions for multiple end-use markets including building and construction, automotive, consumer durables, machinery and equipment and electrical and distribution markets. With a global footprint and local supply capabilities, we support the demand for films applications in diverse end-use markets, including electronic display, & food packaging. With strategically located global operations and a culture focused on innovative research and development, Tredegar Corporation is well positioned to expand its reach in diverse markets around the world. Headquartered in Richmond, VA, USA, Tredegar Corporation, , has 2400 employees and 12 locations throughout North America, China, & Brazil.

Job Summary:

Responsibilities & Duties:

Qualifications & Skills

Desired: Associates Degree in Accounting

Experience

Required: 4-6 years in accounting within a corporate accounting environment with hands on accounts payable processing experience with an ERP system.

Desired: 2-4 years in accounting processing full cycle accounts payable within JD Edwards.

Additional Company Info:

Accounts Payable Salary Expectations

Alright, if everything above is sounding good, its time for one of the biggest questions most aspiring professionals have what is the accounts payable salary? While money isnt everything, its pretty much never nothing. So, lets take a look.

The average accounts payable salary comes in at $69,558 a year. However, whether youll earn that much depends on the exact nature of your position.

Usually, accounts payable clerk I or II roles pay less than that average, coming in near the $40,000 and $43,000 a year marks, respectively. But, asan Accounts Payable Manager, making $90,000 a year would mean having an average salary.

In fact, the top 10 percent of accounts payable managers earn $115,280 or more. Pretty nice, right? If that doesnt give you something to look forward to, we dont know what does.

Other factors also influence pay rates. For example, youll probably make more if youre working in Seattle than if you head to Tuscaloosa, Alabama, for a job. The cost of living in Seattle is 49 percent higher than the national average, while Tuscaloosa is only 1 percent higher. So companies have to offer more in Seattle to entice candidates.

The size of the company can play a role, too. Bigger organizations may have more complex operations. Since they need top talent to handle the workload, they offer higher wages to secure the best candidates. So, keep all of that in mind when you start looking for opportunities.

Don’t Miss: Senior Aid Helper Phone Calls

Accounts Payable Specialist Job Description Template

We are looking for a detail-oriented account payable specialist to control and monitor our expenses. You will be processing payments, verifying invoices, and performing account reconciliations.

To ensure success as an accounts payable specialist, you should exhibit sound knowledge of best practices in accounting and experience in a similar role. An accomplished accounts payable specialist will be someone whose accounting expertise translates into optimized expense control processes.

Senior Accounts Payable Specialist Job Duties

A senior accounts payable specialist typically has a wide range of responsibilities, which can include:

• Monitoring the status of invoices to ensure that payments have been made on time
• Reviewing and approving invoices for payment based on company policies or procedures
• Coordinating with other departments such as accounts receivable, accounting, and finance to ensure that all invoices are paid in a timely manner
• Communicating with vendors regarding any issues with their invoices or accounts receivable balances
• Creating reports summarizing accounts payable activity across multiple departments or entities
• Coordinate with banks or other financial institutions regarding delinquent accounts
• Reviewing and approving purchase orders to ensure that they comply with company policies or procedures
• Coordinating with vendors to ensure that they have adequate funds to pay their own bills
• Calculating and paying payroll taxes and filing tax forms with state agencies

You May Like: Best Land Phones For Seniors

What Skills Does Accounts Payable Need

If you want to shine as an accounts payable professional, bringing the right skills to the table is a must. If you dont have the proper capabilities, handling the accounts payable duties is going to be a challenge.

Exactly what you need does depend a bit on the role. After all, no two jobs are alike in every way thats just a fact. The industry the company works in, its size, and the size of the accounts payable department can all be factors that alter your responsibilities, for example. Even the organizations physical location matters, as that dictates the local laws that apply.

But that doesnt mean that many of the duties listed in the accounts payable job description arent similar. When it comes to technical ability, most of the skills are universal. Heres a look at what youll probably need to bring to the table.

• Account management
• Statement reconciliation

However, thats only the tip of the iceberg. Along with technical capabilities, you also need a slew of soft skills.

In the simplest terms, your soft skills are a reflection of how you navigate the corporate landscape. Its an overview of your traits, many of which can determine your chances of long-term success as well as whether youd mesh with a companys culture.

• Critical-thinking

Senior Accounts Payable Officer

About the role Our client is looking for an Senior Accounts Payable Officer to join their accounts team on a full time basis. The role will involve full function Accounts Payable responsibilities and reporting as well as mentoring existing team members.The Responsibilities

• Perform Accounts Payable related duties in accordance with policy and procedures for invoice processing, payments, Expense and card claims, Vendor Master Data Management, Reporting

• Ensure payment runs are processed within timeframe and work with business partners within organisation

• Provide assistance with complex accounts payable related queries and complex Problems.

• Respond to supplier account queries and resolve any issues.

• Establish clear policies and procedures for the team through a thorough understanding of the overall Procure to Pay function.

• Oversee audit/checking procedures to ensure that policies and procedures are followed with an outcome of invoices paid within credit terms.

• Regularly monitor the completeness and accuracy of supplier records and master data

• Assist with month end close activities and reporting.

The successful applicant will have

• 4+ years’ experience within Accounts Payable

• Previous experience with a large ERP system/ expense management systems

• Experience with foreign currency

• Excellent verbal and written communication skills

• Proficiency in Excel

You May Like: Best Lightweight Luggage For Seniors

What You Need To Know For Your Job Interview

Standing out during your accounts payable job interview is a must if you want to land the job. While interviews nearly always feel like a challenge, they dont have to be. You can show the hiring manager that you are the right person for the position. You just need to arrive at the meeting prepared.

Thats right preparation is key. So, where do you start?

Its also smart to spend some time getting to know the company.

How do you do that?

By taking a trip over to its website and social media pages. On the site, look for the mission and values statements, as that gives you clues about the businesss culture and broader goals. The social media profiles also give you cultural insights, as well as showcase any recent company accomplishments.

If you want to shine when facing off against behavioral interview questions, then you need a winning strategy. By combining the STAR Method and the Tailoring Method, you can make sure your answers stand out.

Accounts Payables Duties & Responsibilities

What defines a position isnt its title its the responsibilities that come with the role. The accounts payable duties will clarify things for you a ton, so lets take a closer look.

As with every job, accounts payable responsibilities can vary from one position to the next. However, many of the roles have quite a bit in common, so lets start there. Heres a look at what accounts payable usually handles:

• Track outgoing payments
• Assist with audits

Also Check: Help For Low Income Seniors

Senior Accounting Clerk Job Description

Perhaps the hardest question to answer when deciding on a career as a senior accounting clerk is “should I become a senior accounting clerk?” You might find this info to be helpful. When compared to other jobs, senior accounting clerk careers are projected to have a growth rate described as “decline” at -4% from 2018 through 2028. This is in accordance with the Bureau of Labor Statistics. What’s more, is that the projected number of opportunities that are predicted to become available for a senior accounting clerk by 2028 is -65,800.

Senior accounting clerks average about $22.37 an hour, which makes the senior accounting clerk annual salary $46,531. Additionally, senior accounting clerks are known to earn anywhere from $33,000 to $64,000 a year. This means that the top-earning senior accounting clerks make $49,000 more than the lowest earning ones.

It’s hard work to become a senior accounting clerk, but even the most dedicated employees consider switching careers from time to time. Whether you’re interested in a more challenging position or just looking for a fresh start, we’ve compiled extensive information on becoming a lead clerk, accounts payable supervisor, accounts payable lead, and accounting administrator.

How Do I Become An Accounts Payable Manager

In today’s economy, businesses are constantly looking for new ways to improve their income and get ahead of the competition. One way to do this is by using accounting and management principles and procedures to manage accounts payable. As an Accounts Payable Manager, you will be responsible for ensuring that all money owed to customers is paid on time and in a timely manner. In order to succeed in this position, you must be knowledgeable about accounting and management principles. You must also be able to communicate effectively with your team members. Finally, you must have excellent interpersonal skills in order to work effectively with other team members. If you are interested in joining Betterteam as an Accounts Payable Manager, please send us your resume and cover letter today. They look forward to hearing from you!

You May Like: In Home Pedicure Service For Seniors

Senior Accounts Payable Specialist Trends

Here are three trends influencing how senior accounts payable specialists work. Senior accounts payable specialists will need to stay up-to-date on these developments to keep their skills relevant and maintain a competitive advantage in the workplace.

The Growth of Vendor Management

The growth of vendor management is a trend that is quickly gaining popularity in the business world. This trend involves the use of third-party vendors to provide services that would normally be provided by employees of the company.

As more and more businesses adopt this trend, the need for senior accounts payable specialists will increase. These professionals will be responsible for managing all of the companys vendor relationships and ensuring that they are being treated fairly. They will also be responsible for ensuring that the company is getting the best possible deals on all of its purchases.

More Focus on Cost Reduction

As businesses continue to focus on cost reduction, account payable professionals will need to find new ways to streamline their processes.

One way to do this is by automating as many tasks as possible. This can include using software to manage payments or automate invoice processing. In addition, account payable professionals can focus on improving communication with other departments within their company, such as finance and operations, to ensure that everyone is on the same page when it comes to payment policies.

Greater Use of Technology

Senior Accounts Payable Specialist Work Environment

The Senior Accounts Payable Specialist works in an office environment and typically works a regular 40-hour week. However, during busy periods, such as the end of the fiscal year, they may work longer hours to process a high volume of invoices. The work can be repetitive and requires attention to detail, but the Senior Accounts Payable Specialist is able to work independently with little supervision. There is some stress associated with the job, as the Senior Accounts Payable Specialist is responsible for ensuring that invoices are paid in a timely manner and that vendors are kept happy. However, the Senior Accounts Payable Specialist has a good working knowledge of the organizations policies and procedures and is able to work efficiently to meet deadlines.

You May Like: Senior Director Of Marketing Salary

Skills Forsenior Accounts Payable Specialist

Desired skills forsenior accounts payable specialistinclude:

• Research and reconcile statements monthly
• Prepare 1099s for independent contractors
• Prepare schedules and pull invoices/supporting documentation for all internal & external audits
• Verify correct sales tax charged on all invoices
• Assist with Month end tasks and process invoices with and without POs
• Prepare weekly check run and mail checks to ensure timely payment of bills
• Review employee Expense Reports and submit reimbursement file to payroll
• Follow up on purchase order, vendor bill and expense report inquiries from either employees or vendors
• Ensure SOX compliance in Accounts Payables processes and provide assistance to internal & external audit
• NetSuite and/or other Accounting ERP systems experience

• Previous experience in the retail franchise industry a plus
• Supervise daily operations and resource allocation according to service level objectives
• Enhance reporting capabilities and work with internal teams to understand reporting needs
• Support expansion initiatives and M& A integrations
• Manage tax reporting and audits
• French & Dutch language skills preferred

What Is The Difference Between Account Receivable And Account Payable

The company’s accounts payable ledger lists its short-term liabilities ? obligations for items purchased from suppliers, for example, and money owed to creditors. Accounts receivable are funds the company expects to receive from customers and partners. AR is listed as a current asset on the balance sheet.

You May Like: The Harbors Senior Living Of Fridley

What Is The Accounts Payable Cycle

It seems like every day we’re asked to do something new. From paying the bills to processing payments through the company, it seems like there’s always something new to keep us busy. But what if there was an easier way? What if they could just go straight to the source and pay for things ourselves? This would free up the time and allow us to focus on what we’re best at–building great products. And that’s exactly what P2P is all about: taking the hassle out of paying for things online.

What Are The Responsibilities Of A Senior Accountant

A senior accountant is responsible for reconciling sub-ledger to general ledger account balances, preparing financial statements, assessing internal controls, and performing monthly balance sheet, income statement and changes in financial position/budget variance analyses. A senior accountant needs to have strong writing skills and be able to communicate complex information quickly.

Recommended Reading: Easy Crafts For Seniors With Dementia

Is Bookkeeping And Accounts Payable The Same

Accounts payable is a key part of bookkeeping and helps small businesses owners determine to whom they’ll pay debts and also note the amounts on their balance sheet. While you may think accounts payable only refers to short-term debt, there are some valuable things you should know about the subject. Accounts payable can help your business keep its books in order by listing all of its obligations it has with specific people or companies. Additionally, it can help identify any potential cash flow concerns your business may have and can give you a better idea of where your money is going next.

Skills Forsenior Accounts Payable

Desired skills forsenior accounts payableinclude:

• Design, document and implement new accounts payable processes, where necessary
• Coordinate communication of accounts payable policies and procedures to appropriate parties
• Troubleshoot and research accounts payable issues and questions and identify and resolve root causes of issues
• Perform quarterly feedback touch bases and annual performance reviews for accounts payable team
• Manage any personnel issues within the Accounts Payable team
• Ensure accounts payable department is staffed accordingly to meet the company needs
• Must demonstrate flexibility to adjust output and goals as needs of the Company and Accounts Payable department evolve and shift
• Exhibits customer-service mentality and takes personal responsibility for resolving customer service problems in a timely manner
• Communicating with our internal affliates and external vendors to research, analyze, and resolve vendor inquiries and disputes regarding payments or outstanding invoices
• Perform independent and complete research to determine accuracy of payments and respond to questions fully, completely and quickly

• Proficient in Microsoft Office Suite, Google and large ERPs
• Excellent verbal and written communication skills excellent reading comprehension
• Lifting and carrying 15 lbs
• Graduate of any four year course, preferable Accounting
• Keen to details and well-organized
• With thorough knowledge in Oracle application would be a plus factor

Don’t Miss: Best Protein Powder For Seniors 2020

What Are The Duties Of A Charge Bookkeeper

A full charge bookkeeper’s primary job is to manage and handle all the accounts of a small or medium-sized business. They are responsible for overseeing the accounting duties for a company, including billing customers, preparing bank statements and tax returns, and processing timesheets. Also, a full charge bookkeeper collates and enters vendor expenses, maintains the ledger’s accuracy, and process accounts receivables. There are specific requirements you should meet to become a successful full charge bookkeeper, such as having a bachelor’s degree in accounting, previous work experience as a charge bookkeeper, and bookkeeping certification.

The next role we’re going to look at is the charge bookkeeper profession. Typically, this position earns a lower pay. In fact, they earn a $13,942 lower salary than senior accounts payable specialists per year.

Not everything about these jobs is different. Take their skills, for example. Senior accounts payable specialists and charge bookkeepers both include similar skills like “expense reports,” “reconciliations,” and “ach” on their resumes.

In general, charge bookkeepers study at similar levels of education than senior accounts payable specialists. They’re 0.2% less likely to obtain a Master’s Degree while being 0.2% more likely to earn a Doctoral Degree.