Accounts Payable Lead

Description

Job Summary:

We are seeking a detail-oriented and experienced Accounts Payable Lead to join our finance team. This role will be responsible for leading efforts to research and resolve errant AP postings, ensuring accurate transaction processing, and maintaining the integrity of related balance sheet accounts. The ideal candidate has deep experience in troubleshooting AP discrepancies, correcting transaction errors, and performing complex reconciliations.

Key Responsibilities:

• Lead and perform in-depth research and resolution of errors in Accounts Payable transactions including:
  • Incorrectly posted AP transactions
  • Received not invoiced (RNI) discrepancies
  • Deposits, double payments, and overpayments
  • Misapplied credits
• Collaborate with internal departments (procurement, receiving, vendors) to gather necessary documentation and insights for accurate resolution.
• Analyze all aspects of transactions to determine root causes and implement corrections via appropriate AP postings.
• Own and manage the reconciliation of balance sheet accounts impacted by Accounts Payable, ensuring accuracy and timely resolution of discrepancies.
• Assist with month-end and year-end close processes related to AP.
• Recommend and implement process improvements to prevent recurring issues and improve AP accuracy and efficiency.
• Support audits by providing necessary documentation and explanations for AP-related accounts and transactions.
• Act as a resource and mentor to junior AP team members, providing guidance on error resolution and best practices.

Requirements

Required Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field (or equivalent experience).
• 5+ years of progressive experience in Accounts Payable, with at least 2 years in a lead or senior-level role.
• Strong knowledge of AP processes and best practices, including vendor management, purchase-to-pay cycle, and ERP systems.
• Proven experience in researching and resolving complex AP issues and transaction discrepancies.
• Excellent analytical, problem-solving, and communication skills.
• Highly proficient in Excel and financial systems (e.g., SAP, Oracle, NetSuite, or similar ERP platforms).
• Strong organizational skills and the ability to manage multiple priorities with a high level of accuracy.