Accounts Payable Specialist

Accounts Payable Specialist

LAFCU's Accounts Payable Specialist is responsible for assisting in analyzing, monitoring, and balancing the general ledger clearing accounts. This person must be knowledgeable in daily and monthly operations of credit union accounting. Knowledge of financial institution operational transactions and products with good judgment and understanding of the rules and regulations governing the accounting principles to facilitate the job functions/duties. This position is a full time position and reports to the Assistant Controller in the Accounting Department.

Essential Functions & Responsibilities

• 40% Accounts Payable & Disbursements
  • Process accounts payable, including scanning, indexing, reviewing, issuing, and mailing checks
  • Process corporate check stop payments in a timely manner
  • Prepare and send unpresented check notification letters to members
  • Understanding of expense GL accounts & cost allocation
  • Track and monitor the top 20 vendors
  • Prepare and submit annual IRS information returns, including Forms 1099-NEC and Form 1099-MISC
  • Perform expense variance analysis, including actual-to-actual and actual-to-budget comparisons
• 20% General Accounting & Reconciliations
  • Analyze, monitor, and reconcile general ledger clearing accounts
  • Reconcile the FedLine account on a daily basis
  • Prepare and post journal vouchers for Accounting and other departments
  • Prepare and post journal vouchers related to PSCU and cash orders
  • Assist Accountant and higher level staff with accounting assignments and reconciliations
• 15% Operational & Administrative Support
  • Open and distribute Accounting Department mail
  • Prepare and record Accounting Department meeting minutes
  • Update and maintain accounting procedures related to assigned job functions
  • Communicate operational and accounting information to and from the Assistant Controller and AVP, Accounting
• 10% Customer Service & Internal Support
  • Support the Credit Union's Commitment to Service
  • Respond to internal and external inquiries or complaints promptly and professionally, in person or by telephone
  • Interact professionally with internal and external personnel at all organizational levels
• 10% Compliance, Policies & Controls
  • Ensure adherence to all department and credit union policies and procedures
  • Comply with all applicable accounting principles, rules, and regulations
  • Comply with all Bank Secrecy Act (BSA) requirements
• 5% Special Projects & Process Improvement
  • Assist the Assistant Controller and AVP, Accounting with special projects as directed
  • Provide recommendations to improve departmental processes and efficiency
  • Perform other duties as assigned

Three years to five years of similar or related experience.

(1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.

Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Excellent communication skills (oral and written); sound judgment, attention to detail and ability to write. Thorough knowledge of the operation debit and credit concept. Knowledge and understanding of rules and regulations in relating to operational transactions and excellent organization skills.

Requires 6+ hours of sitting a day (90% sitting/10% walking). Fine dexterity and use of computer keyboards for long periods of time. Requires ability to use telephone system for extended periods of time. Visual skills for computer and hearing skills for phone use. Also requires repetitive use of hands.

Office/Hybrid Remote

The minimum and maximum base salary range for this position is $26.51 to $38.75 in California. The target starting base hourly rate is between $26.51 to $29.57. This compensation and benefits information is based on Los Angeles Federal Credit Union's good faith estimate as of the date of publication and may be modified in the future. The starting base salary within the range will depend on a variety of factors that may include relevant prior experience and/or education, or skills and expertise.

LAFCU is an Equal Opportunity Employer. We are committed to building an inclusive and diverse workforce.