Accounts Payable Lead
Full TimeJob Overview
The Accounts Payable Lead is responsible for managing the company accounts payable process while also providing day-to-day leadership, training, and workflow direction to the Accounts Payable team. This role continues to perform the full range of AP Specialist duties — invoice processing, payments, and reconciliations — while also ensuring the team meets deadlines, maintains accuracy, and follows company policy. This role plays a critical part in maintaining vendor relationships, optimizing cash flow, developing team members, and supporting overall financial operations.
Requirements for success:
- Subject matter expert of procure to pay best practices.
- Provide day-to-day guidance, training, and workflow direction to Accounts Payable Specialists.
- Assign and review team members work to ensure accuracy, timeliness, and adherence to company policies and procedures.
- Onboard and train new AP team members on processes, systems, and company procedures.
- Serve as the first point of escalation for complex invoice, payment, or reconciliation issues.
- Support the AP Manager with month-end close activities, reporting, and process-improvement initiatives.
- Receive, review, and process invoices accurately and efficiently, ensuring adherence to company policies and procedures.
- Obtain necessary approvals and verify coding and documentation for proper account allocation.
- Prepare and process payments, including checks, wire transfers, ACH payments, and electronic payments, in accordance with payment terms and vendor agreements.
- Reconcile accounts payable transactions and statements, resolving discrepancies and ensuring accuracy of balances.
- Investigate and resolve outstanding items, such as unmatched invoices or vendor credits.
- Review freight invoices for accuracy and dispute charges when certain criteria have been met.
Ideal candidate qualities include:
- Bachelors degree in Finance, Accounting, or Business Management is preferred, but not required.
- 5+ years of Accounts Payable experience preferred, including prior experience training, mentoring, or leading others.
- 10-key calculator skills, by touch.