What are the responsibilities and job description for the Accounts Payable Analyst position at LMC?
LMC is a leading buying group for a network of independent building material companies across the US. As their buying group, LMC negotiates and facilitates procurement opportunities for the most desired brands in the lumber and building materials industry. We also work to provide operational support with focus on logistics, capital equipment, technology, and marketing. By leveraging the billion dollar buying power of our members, LMC ensures our members have a competitive edge to capture more of their local market share.
The Accounts Payable (AP) Analyst is responsible for ensuring accurate and timely processing of vendor invoices, payments, and reconciliations. This role involves analyzing financial data, improving AP processes, resolving discrepancies, and maintaining compliance with company policies and regulatory standards. This position requires work in our office Monday through Thursday, with the option to work remotely on Fridays, as well as the first Monday of each month.
Primary Duties and Responsibilities:
- Prepare and process payments via checks, ACH, or wire transfers.
- Perform monthly statement reviews to ensure timely and accurate disbursements.
- Maintain strong relationships with vendors, handling inquiries, disputes, and other issues professionally.
- Ensure compliance with contractual terms, discounts, and payment terms.
- Assist in vendor onboarding, setup, and maintenance in the financial system.
- Mentor team less experienced AP representatives
- Review and align monthly statement review process for the team.
- Annually, work to support the finance team during the external audit.
- Analyze accounts payable data to identify trends or discrepancies and provide recommendations for improvement.
- Establish best practices and maintain clear and consistent procedures for the AP department.
- Collaborate with the finance and accounting teams to support LMC objectives and reporting requirements.
- Communicate regularly with other departments to resolve issues and ensure alignment of processes.
- All other duties as assigned.
Qualifications:
- Bachelor’s degree in accounting, finance, or a related field or equivalent experience required.
- 3 years of accounts payable or accounting experience
- Proven experience with ERP systems and accounting software.
- Strong knowledge of accounts payable processes, accounting principles, and financial systems.
- Excellent attention to detail and problem-solving abilities.
- Experience using Microsoft Excel and other Microsoft Office applications.
- Strong communication and interpersonal skills, with the ability to work cross-functionally.
Why join LMC?
LMC supplies products and services to the home building industry, which is seeing considerable growth with exciting new products, advanced building technologies, and home improvement innovations. The LMC team uses its knowledge and expertise in an entrepreneurial atmosphere to further the growth of our independent member companies. The average tenure of LMC staff is fifteen years or more, and there is a strong sense of camaraderie and pride in our customer-focused culture. Being a part of an established forest products and building materials buying group that helps locally owned, independent businesses succeed is truly a rewarding experience.
Check out our benefits & perks!
- Incentive programs for all employees
- Traditional and Roth 401k Plans with Generous Company Contributions
- Medical, Dental and Vision Insurance with Flexible Spending Accounts
- Competitive Vacation and Paid Holidays
- Life Insurance Along with Short & Long Term Disability
- Continuing Education Tuition Assistance
- Walking distance to the train station and local eateries
- Employee team building, company gatherings and participation in various charity events
- Located in the beautiful neighborhood of Wayne, PA
Come Be a Part of Something Bigger!
