AP/AR Specialist

Job Description

Job Description

About the Role:

The AP/AR Specialist plays a crucial role in maintaining the financial health of the organization by managing accounts payable and accounts receivable processes. This position ensures timely and accurate processing of invoices, payments, and collections, which directly impacts cash flow and financial reporting. The specialist will collaborate with various departments to resolve discrepancies and improve financial operations. By analyzing financial data, the AP/AR Specialist will contribute to strategic decision-making and help identify areas for cost savings and efficiency improvements. Ultimately, this role is essential for fostering strong vendor and customer relationships while ensuring compliance with financial policies and regulations.

Minimum Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• 2+ years of experience in accounts payable and accounts receivable.
• Proficiency in accounting software and Microsoft Excel.

Preferred Qualifications:

• Experience with ERP systems such as Netsuite.
• Knowledge of GAAP and financial regulations.
• Certification in Accounts Payable or Receivable (e.g., AAP, ARP).

Responsibilities:

• Process and manage accounts payable transactions, including invoice verification, approval, and payment processing.
• Oversee accounts receivable functions, including invoicing, collections, and cash application.
• Reconcile vendor statements and resolve discrepancies in a timely manner.
• Prepare and maintain accurate financial reports related to AP and AR activities.
• Collaborate with internal teams to streamline processes and enhance financial operations.

Skills:

The required skills in accounting and financial management are utilized daily to ensure accurate processing of invoices and payments. Proficiency in accounting software allows the specialist to efficiently manage financial transactions and generate reports. Strong analytical skills are essential for reconciling accounts and identifying discrepancies, which helps maintain the integrity of financial data. Excellent communication skills are necessary for collaborating with vendors and internal teams to resolve issues and improve processes. Preferred skills, such as knowledge of ERP systems, enhance the ability to streamline operations and contribute to overall financial strategy..