What are the responsibilities and job description for the Accounts Payable Team Leader position at DominionX LLC?
About DominionX
Are you looking to Build upon your accomplished Accounting Career?
If you desire to be an integral part of a leading organization in the construction space, we are looking for a dynamic, relationship-building, results-oriented leader. In this role, the right individual will oversee the review, coding, and processing of invoices from vendors and subcontractors.
About the role
The proactive and detail-oriented Team Lead for our Accounts Payable department will be responsible for overseeing the day-to-day operations of the Accounts Payable team within our construction company. The ideal candidate will possess strong leadership skills, a solid understanding of accounting principles, and the ability to ensure accurate and efficient processing of invoices and payments while maintaining compliance with company policies and procedures.
What you'll do
Supervision and Leadership
- Lead and manage the Accounts Payable team, including assigning tasks, setting priorities, and monitoring workflow to ensure timely and accurate processing of invoices and payments.
Invoice Processing
- Oversee the review, coding, and processing of invoices from vendors and subcontractors.
- Ensure invoices are accurately recorded, properly authorized, and coded to the appropriate accounts and projects.
Payment Management
- Manage the payment process, including check runs, ACH transfers, and wire transfers.
- Verify payment terms, coordinate approvals, and ensure payments are processed in accordance with contractual agreements and company policies.
Vendor Relations
- Build and maintain positive relationships with vendors and subcontractors.
- Address inquiries regarding payment status, resolve discrepancies, and negotiate payment terms as needed.
Financial Reporting
- Prepare and analyze accounts payable reports, aging summaries, and cash flow projections.
- Provide regular updates and recommendations to management regarding payment schedules and cash flow management.
Compliance and Documentation
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
- Maintain accurate records of invoices, payments, and related documentation.
Process Improvement
- Identify opportunities to streamline accounts payable processes, improve efficiency, and enhance controls.
- Implement best practices and procedures to optimize workflow and reduce processing times.
Training and Development
- Provide training, guidance, and support to Accounts Payable staff.
- Foster a collaborative and productive team environment focused on continuous improvement and professional growth.
Qualifications
- High School Diploma or Equivalent required, prefer some college hours in a related field.
- Minimum of 3 years of progressive experience in accounts payable, preferably with at least a year of Supervisory experience (construction industry strongly preferred)
- Leadership capabilities and skill
- Proficiency in Accounting / ERP software (Accumatica preferred)
