What are the responsibilities and job description for the Senior Accounts Payable Specialist position at TRANZACT?
Job Description
How the Position Works
We are seeking a detailed- oriented and experienced Senior Accounts Payable Specialist to join our accounting team. The ideal candidate has a strong background in accounts payable functions, with proven ability to manage accurate and timely payment of invoices, maintaining vendor relationships, and improving AP workflows. The Senior Accounts Payable Specialist will also play a key role in the monthly closing process and financial reporting
The specific responsibilities include
- Review, verify, and process high-volume vendor invoices in accordance with company policies
- Maintain strong relationships with vendors, addressing and resolving payment discrepancies, and responding to inquiries promptly
- Help to maintain Cash flow file by collecting weekly and monthly cash flow projections by vendor
- Manage the vendor onboarding process, ensuring all necessary documentation is collected, and vendors are compliant with company requirements
- Accurately assign general ledger codes to invoices, ensuring proper expense classification
- Ensure all invoices and payments adhere to the company's financial controls and approval policies, managing end-to-end approval workflow
- Work closely with cross-functional teams (procurement, operations, and finance) to ensure smooth communication and resolution of any invoice discrepancies or payment issues
- Ensure all expenses are accurately recorded and collect accrual estimates from the vendors for the month-end-close
- Prepare and analyze AP-related financial reports to support management in decision-making.
- Assist with internal and external audits by providing necessary documentation and explanations
- Ensure AP activities comply with company policies, regulatory requirements, and internal financial controls.
Qualifications
What you need to be successful
TRANZACT, a WTW Company, is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Equal Opportunity Employer / Disability / Vet
