Overview: Our client is seeking a detail-oriented and organized Accounts Payable Specialist to join their construction team. The ideal candidate will have a strong background in accounts payable processes, particularly within the construction industry.
Responsibilities for Accounts Payable Specialist:
-
Invoice Processing:
- Receive, review, and process invoices for construction materials, subcontractor services, and other project-related expenses.
- Verify the accuracy of invoice details, including quantities, prices, and terms, against purchase orders and contracts.
- Obtain necessary approvals and coding for invoice entries, ensuring adherence to company policies and procedures.
-
Vendor Management:
- Maintain vendor accounts, including accurate contact information, payment terms, and W-9 forms.
- Communicate with vendors regarding invoice discrepancies, payment inquiries, and other related matters in a professional and timely manner.
- Negotiate payment terms with vendors to optimize cash flow and maintain positive relationships.
-
Payment Processing:
- Prepare and process payments to vendors via check, electronic funds transfer (EFT), or other approved methods.
- Match payments with supporting documentation and reconcile accounts payable transactions to ensure accuracy.
- Monitor payment deadlines and take proactive steps to avoid late payments or penalties.
-
Expense Reporting:
- Reconcile employee expense reports, ensuring compliance with company policies and proper documentation.
- Process reimbursement payments for employee expenses in a timely manner.
-
Documentation and Record Keeping:
- Maintain organized and accurate records of accounts payable transactions, including invoices, payment approvals, and vendor correspondence.
- Assist with month-end and year-end closing processes, including account reconciliations and accruals.
Qualifications for Accounts Payable Specialist:
- Bachelor's degree in Accounting, Finance, or related field preferred.
- 2 years of experience in accounts payable in the construction industry.
- Proficiency in accounting software (e.g., SAP, Oracle, etc.) and Microsoft Excel.
- Strong understanding of accounts payable processes, including invoice processing, payment methods, and vendor management.
- Excellent attention to detail and accuracy in data entry and record keeping.
- Effective communication skills, with the ability to interact professionally with vendors and internal stakeholders.
- Ability to prioritize tasks and manage multiple deadlines in a fast-paced environment.
- Knowledge of relevant regulatory requirements and accounting principles.
- Experience with construction-specific accounting software is a plus.