AP Accountant

At Hyosung HICO we’re transforming the future of energy from our state-of-the-art manufacturing facility in Memphis, TN. By investing in cutting-edge technology and empowering our diverse and talented team, we ensure that every transformer we produce meets the highest standards of quality and performance.

Hyosung HICO is seeking to fill an AP (Accounts Payable) Accountant position. The ideal candidate will responsible for accounts payable invoice processing for imported materials, including material purchases, inbound freight and logistics, and customs duties. This role ensures that invoices are collected and processed accurately and on time so that import-related costs are properly reflected in inventory and material cost; checks and controls the completeness of month-end invoice processing, including goods receipt and B/L registration by other departments; works closely with Purchasing, Warehouse, and Treasury; and serves as the primary point of contact for AP-related external audit and internal control reviews.

OUR BENEFITS – BEST BENEFITS IN THE INDUSTRY!

• Free Medical Insurance Option – A company paid 100% medical insurance option for you and your family, effective on the first day of the month after hire date
• Free Life Insurance – Employer paid basic life insurance – 1X Annual salary plus an additional $20,000 coverage: Optional buy for dependent coverage
• Paid Vacation, Sick Leave, and 12 paid holidays per year
• Tuition Assistance
• Bonuses – Monthly Attendance (production and some other hourly roles), Annual, and Quarterly bonus eligibility (Bonuses are not guaranteed and are based on several factors such as company and individual performance)

THE ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:

• Process and verify vendor invoices for imported materials, freight forwarders, and customs brokers in SAP, including three-way match (purchase order / goods receipt / invoice) and resolution of price, quantity, and timing differences.
• Reconcile freight forwarder and customs broker invoices to shipments, bills of lading (B/L), customs entries, and purchase orders, and ensure freight and duty costs are correctly allocated to inventory and material cost.
• Collect invoices from suppliers, freight forwarders, and customs brokers in a timely manner so that all invoices for the period are processed in the correct month, and follow up on missing or late invoices.
• At month-end, review the completeness and accuracy of invoice processing, and check and control upstream transactions: goods receipt (GR) postings by Purchasing and Warehouse for domestic purchases, and B/L registration by Purchasing for imported shipments. Follow up on and resolve any missing or incorrect postings with the responsible departments.
• Monitor and clear GR/IR balances on a regular basis, and investigate and resolve open items with Purchasing, Warehouse, and Logistics.
• Prepare monthly AP subledger, GR/IR, and freight/duty account reconciliations, as well as AP aging and open-item analysis, to support the month-end close and inventory/COGS review.
• Collaborate with the Treasury team, which is responsible for payments, by providing accurate and timely invoice and due-date information for payment scheduling, resolving payment-related discrepancies, and reconciling payments to AP balances
• Coordinate with Purchasing, which owns vendor registration and vendor master data, by reporting vendor information discrepancies identified during invoice processing (e.g., vendor details, payment terms) and confirming that invoices are posted to the correct vendor
• Serve as the primary point of contact for AP, import cost, and month-end cut-off areas during interim and year-end external audits, including preparation of PBC (Prepared by Client) schedules and supporting documentation for audit samples (invoices, purchase orders, receiving records, B/Ls, and customs entries).
• Respond to external auditor inquiries in a timely manner and support audit procedures such as AP cut-off testing and vendor balance confirmations.
• Execute and evidence AP-related key controls, including three-way match, invoice approval in accordance with the Delegation of Authority (DoA), and month-end GR/B/L completeness checks, and support appropriate segregation of duties among Purchasing (vendor master), Accounting (invoice processing), and Treasury (payments).
• Support internal control reviews and audits by headquarters and internal audit, including process walkthroughs, provision of control evidence, and remediation of identified control deficiencies and audit findings.
• Develop and maintain AP process documentation, including process narratives, desk procedures, and control descriptions, and identify and report potential control gaps.
• Retain import, customs, and AP documentation in accordance with company policy and applicable regulatory requirements.
• Identify and support process improvements, including freight invoice cut-off and submission timelines with logistics partners.
• Support and make recommendations to improve Company policies and procedures.
• Further the goals and positive, professional image of the Accounting Department by conducting business with vendors, auditors, management, and other departments in a timely and cooperative manner.
• Know Hyosung’s Quality, Safety and Environmental Policies. Be able to fully discuss the importance of these policies and how they impact work.

THE DESCRIPTION ABOVE REPRESENTS THE MOST SIGNIFICANT ESSENTIAL DUTIES OF THE JOB BUT DOES NOT EXCLUDE OTHER OCCASIONAL WORK ASSIGNMENTS NOT MENTIONED.

THE NON-ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:

Perform other duties as assigned.

EDUCATION/SPECIAL SKILLS/EXPERIENCE/TRAINING:

• 5–10 years of accounts payable or general accounting experience, preferably in a manufacturing environment
• Proven problem-solving skills, with the ability to investigate and resolve complex issues (e.g., multi-party invoice discrepancies, GR/IR differences) by analyzing root causes and driving them to resolution
• Hands-on experience with three-way match (PO / goods receipt / invoice), GR/IR reconciliation, and month-end AP close
• Experience processing freight/logistics and customs duty invoices for imported goods
• Experience supporting external audits and a solid understanding of internal controls over AP
• ERP experience (SAP preferred) and advanced Excel skills (VLOOKUP/XLOOKUP, pivot tables)
• Associate degree in Accounting, Finance, Business, or a related field (Bachelor’s degree preferred)
• Manufacturing industry experience, ideally with imported raw materials/components (preferred)
• SAP MM/FI experience (e.g., MIRO for invoice verification, MR11 for GR/IR account maintenance) (preferred)
• Working knowledge of U.S. customs entries, duties, and tariff programs (e.g., Section 232/301) and landed cost / freight allocation to inventory (preferred)
• Experience working with freight forwarders and customs brokers on invoice reconciliation (preferred)
• Collaborative team player who performs at the highest level in a team environment, working effectively with Accounting, Purchasing, Warehouse, Logistics, and Treasury to achieve shared goals (preferred)
• Experience in a Korean-affiliated or multinational company is preferred; Korean language is a plus but not required

PHYSICAL/MENTAL CHARACTERISTICS OF THE POSITION AND ENVIRONMENTAL FACTORS OF THE WORKPLACE:

• Ability to meet required deadlines, including extended hours during month-end close and audit periods as needed.
• Ability to build trustworthy and cooperative relationships with co-workers, management, auditors, vendors, and cross-functional teams.
• Office environment; no travel required.

At Hyosung HICO we’re transforming the future of energy from our state-of-the-art manufacturing facility in Memphis, TN. By investing in cutting-edge technology and empowering our diverse and talented team, we ensure that every transformer we produce meets the highest standards of quality and performance.

Hyosung HICO is seeking to fill an AP (Accounts Payable) Accountant position. The ideal candidate will responsible for accounts payable invoice processing for imported materials, including material purchases, inbound freight and logistics, and customs duties. This role ensures that invoices are collected and processed accurately and on time so that import-related costs are properly reflected in inventory and material cost; checks and controls the completeness of month-end invoice processing, including goods receipt and B/L registration by other departments; works closely with Purchasing, Warehouse, and Treasury; and serves as the primary point of contact for AP-related external audit and internal control reviews.

OUR BENEFITS – BEST BENEFITS IN THE INDUSTRY!

• Free Medical Insurance Option – A company paid 100% medical insurance option for you and your family, effective on the first day of the month after hire date
• Free Life Insurance – Employer paid basic life insurance – 1X Annual salary plus an additional $20,000 coverage: Optional buy for dependent coverage
• Paid Vacation, Sick Leave, and 12 paid holidays per year
• Tuition Assistance
• Bonuses – Monthly Attendance (production and some other hourly roles), Annual, and Quarterly bonus eligibility (Bonuses are not guaranteed and are based on several factors such as company and individual performance)

THE ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:

• Process and verify vendor invoices for imported materials, freight forwarders, and customs brokers in SAP, including three-way match (purchase order / goods receipt / invoice) and resolution of price, quantity, and timing differences.
• Reconcile freight forwarder and customs broker invoices to shipments, bills of lading (B/L), customs entries, and purchase orders, and ensure freight and duty costs are correctly allocated to inventory and material cost.
• Collect invoices from suppliers, freight forwarders, and customs brokers in a timely manner so that all invoices for the period are processed in the correct month, and follow up on missing or late invoices.
• At month-end, review the completeness and accuracy of invoice processing, and check and control upstream transactions: goods receipt (GR) postings by Purchasing and Warehouse for domestic purchases, and B/L registration by Purchasing for imported shipments. Follow up on and resolve any missing or incorrect postings with the responsible departments.
• Monitor and clear GR/IR balances on a regular basis, and investigate and resolve open items with Purchasing, Warehouse, and Logistics.
• Prepare monthly AP subledger, GR/IR, and freight/duty account reconciliations, as well as AP aging and open-item analysis, to support the month-end close and inventory/COGS review.
• Collaborate with the Treasury team, which is responsible for payments, by providing accurate and timely invoice and due-date information for payment scheduling, resolving payment-related discrepancies, and reconciling payments to AP balances
• Coordinate with Purchasing, which owns vendor registration and vendor master data, by reporting vendor information discrepancies identified during invoice processing (e.g., vendor details, payment terms) and confirming that invoices are posted to the correct vendor
• Serve as the primary point of contact for AP, import cost, and month-end cut-off areas during interim and year-end external audits, including preparation of PBC (Prepared by Client) schedules and supporting documentation for audit samples (invoices, purchase orders, receiving records, B/Ls, and customs entries).
• Respond to external auditor inquiries in a timely manner and support audit procedures such as AP cut-off testing and vendor balance confirmations.
• Execute and evidence AP-related key controls, including three-way match, invoice approval in accordance with the Delegation of Authority (DoA), and month-end GR/B/L completeness checks, and support appropriate segregation of duties among Purchasing (vendor master), Accounting (invoice processing), and Treasury (payments).
• Support internal control reviews and audits by headquarters and internal audit, including process walkthroughs, provision of control evidence, and remediation of identified control deficiencies and audit findings.
• Develop and maintain AP process documentation, including process narratives, desk procedures, and control descriptions, and identify and report potential control gaps.
• Retain import, customs, and AP documentation in accordance with company policy and applicable regulatory requirements.
• Identify and support process improvements, including freight invoice cut-off and submission timelines with logistics partners.
• Support and make recommendations to improve Company policies and procedures.
• Further the goals and positive, professional image of the Accounting Department by conducting business with vendors, auditors, management, and other departments in a timely and cooperative manner.
• Know Hyosung’s Quality, Safety and Environmental Policies. Be able to fully discuss the importance of these policies and how they impact work.

THE DESCRIPTION ABOVE REPRESENTS THE MOST SIGNIFICANT ESSENTIAL DUTIES OF THE JOB BUT DOES NOT EXCLUDE OTHER OCCASIONAL WORK ASSIGNMENTS NOT MENTIONED.

THE NON-ESSENTIAL FUNCTIONS OF THE POSITION INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING:

• Perform other duties as assigned.

EDUCATION/SPECIAL SKILLS/EXPERIENCE/TRAINING:

• 5–10 years of accounts payable or general accounting experience, preferably in a manufacturing environment
• Proven problem-solving skills, with the ability to investigate and resolve complex issues (e.g., multi-party invoice discrepancies, GR/IR differences) by analyzing root causes and driving them to resolution
• Hands-on experience with three-way match (PO / goods receipt / invoice), GR/IR reconciliation, and month-end AP close
• Experience processing freight/logistics and customs duty invoices for imported goods
• Experience supporting external audits and a solid understanding of internal controls over AP
• ERP experience (SAP preferred) and advanced Excel skills (VLOOKUP/XLOOKUP, pivot tables)
• Associate degree in Accounting, Finance, Business, or a related field (Bachelor’s degree preferred)
• Manufacturing industry experience, ideally with imported raw materials/components (preferred)
• SAP MM/FI experience (e.g., MIRO for invoice verification, MR11 for GR/IR account maintenance) (preferred)
• Working knowledge of U.S. customs entries, duties, and tariff programs (e.g., Section 232/301) and landed cost / freight allocation to inventory (preferred)
• Experience working with freight forwarders and customs brokers on invoice reconciliation (preferred)
• Collaborative team player who performs at the highest level in a team environment, working effectively with Accounting, Purchasing, Warehouse, Logistics, and Treasury to achieve shared goals (preferred)
• Experience in a Korean-affiliated or multinational company is preferred; Korean language is a plus but not required

PHYSICAL/MENTAL CHARACTERISTICS OF THE POSITION AND ENVIRONMENTAL FACTORS OF THE WORKPLACE:

• Ability to meet required deadlines, including extended hours during month-end close and audit periods as needed.
• Ability to build trustworthy and cooperative relationships with co-workers, management, auditors, vendors, and cross-functional teams.
• Office environment; no travel required.

Hyosung HICO, Ltd., is an Equal Employment Opportunity (EEO) Employer. It has been and will continue to be a fundamental policy of Hyosung HICO, Ltd., not to discriminate on the basis of race, color, creed, religion, gender, gender identity, pregnancy, marital status, partnership status, domestic violence victim status, sexual orientation, age, national origin, alienage or citizenship status, veteran or military status, disability, medical condition, genetic information, caregiver status, unemployment status or any other characteristic prohibited by federal, state and/or local laws.