AP/AR Specialist

An AP/AR Specialist at a privately held franchisor manages the dual cycle of outgoing vendor payments and incoming franchise revenues. Key responsibilities include processing corporate expenses and tracking recurring royalty collections. This role acts as a primary financial contact for both corporate vendors and individual franchise owners. Position Overview Job Title: AP/AR Specialist (Accounts Payable & Accounts Receivable) Company Type: Privately Held Franchisor Department: Finance and Accounting Reports To: Accounting Manager Compensation: $24- 28/hour ~50-60k annualized base salary plus annual bonus potential Accounts Receivable (AR) Responsibilities Royalty Collection: Track, calculate, and pull weekly or monthly franchise royalties, marketing fees, and technology fund contributions. Invoicing: Generate accurate invoices for franchise system store openings, initial franchise fees, product sales, or territory renewals. ACH Processing: Administer and monitor Automated Clearing House (ACH) direct debits from franchisee bank accounts. Collections: Monitor aging AR reports, research payment discrepancies, and politely follow up with franchise owners on overdue balances. Accounts Payable (AP) Responsibilities Invoice Processing: Code, route, and match high-volume vendor invoices using 3-way matching principles. Expense Management: Review and process corporate employee expense reports and corporate credit card statements. Disbursements: Prepare weekly check runs, wire transfers, and ACH payments for management approval. Vendor Relations: Maintain accurate vendor profiles, resolve billing issues, and manage annual Form 1099 processing. Qualifications & Skills Experience: 2 to 4 years of dedicated AP and AR experience; multi-unit or franchise industry background is a major plus. Education: Associate's degree in Accounting, Finance, or Business Administration (Bachelor's preferred). Technical Skills: Proficiency in accounting platforms (e.g., NetSuite, QuickBooks, Sage) and automated AP/AR software (e.g., Bill.com). Core Competencies: Extreme attention to detail, strong data entry accuracy, and excellent customer service skills for handling franchisee inquiries. #J-18808-Ljbffr Anonymous