Executive
Indexed description
Job Summary
The Entry Accounts Payable and Receivable Analyst’s role is crucial for maintaining accurate financial records, efficient payment processing, and effective communication with vendors and customers. As an integral part of our organization, this role will contribute directly to our financial health with guidance and direction from others.
Responsibilities
Accounts Payable (AP):
Invoicing And Payment Processing
- Process invoices from vendors, verifies their accuracy, and ensures timely payment.
- Enters invoice details into the accounting system, assign appropriate codes, and prepare for payment.
- Organize weekly check runs, electronic funds transfers, and ACH payments to ensure vendors receive payments promptly.
- Reconciles accounts payable transactions, identifying and resolving discrepancies promptly.
- Generates and sends invoices to customers for goods or services provided by the company.
- Payment Follow Up:
- Closely monitor outstanding payments, follow up with customers, and ensure timely collections.
- If there are discrepancies or disputes related to payments, the analyst investigates and resolves them efficiently.
- Utilizes AP/AR data to identify trends, inefficiencies, and opportunities for process improvements or cost savings.
- Generate reports on collections, account ages, and other relevant metrics, providing valuable insights to management.
- Assess customer credit history, determines credit risk, and recommends appropriate credit limits and payment terms.
- May recommend enhancements to accounts payable/receivable processes to streamline operations.
- Continuous Professional Development: Professionals should be committed to lifelong learning, seeking out opportunities for self improvement, and staying abreast of industry trends and best practices.
- Collaboration and Teamwork: Effective professionals understand the value of collaboration. They work well with others, contribute to team goals, and understand that diverse perspectives can lead to better solutions.
- Results Driven Performance: High performing professionals focus on delivering results. They set high standards for their own performance and are committed to achieving objectives efficiently and effectively.
- A bachelor’s degree in accounting, finance, business administration, or a related field with experience of 2 to 5 years that provides exposure to fundamental theories, principles, and concepts.
- Practical experience in accounting or billing.
- Certifications such as the Certified Accounts Payable Professional (CAPP) or Certified Accounts Receivable Professional (CARP).
- Strong mathematical skills and proficiency in accounting software.
- Attention to detail, strong problem solving, and analytical skills.
- Experience with ERP systems and Microsoft Office, especially Excel and Word.
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