Accounts Payable Senior Analyst

The Accounts Payable Senior Analyst is a crucial role within the finance department responsible for overseeing all aspects of the accounts payable processes. The individual in this position will ensure accurate and timely payments to vendors and suppliers while maintaining a high standard of internal control and audit compliance. This role involves the management of complex financial records, reconciliation tasks, and collaboration with various departments to resolve discrepancies or issues related to invoices. With analytical skills and a detailed-oriented mindset, the Accounts Payable Senior Analyst will play a significant role in optimizing the payment processing cycle. Additionally, this position demands strong communication skills to liaise effectively with both internal team members and external stakeholders, ensuring seamless financial operations.

Responsibilities

• Ensure timely and accurate processing of vendor invoices and payments.
• Conduct regular reviews and reconciliations of account payables ledger details.
• Collaborate with internal departments to resolve discrepancies and invoice issues.
• Maintain up-to-date and accurate records for all accounts payable transactions.
• Monitor and enhance compliance with accounts payable policies and procedures.
• Prepare and analyze accounts payable reports for management review periodically.
• Assist in month-end and year-end financial close processes and procedures.
• Negotiate with vendors to establish favorable payment terms when necessary.
• Develop and implement practices to optimize the accounts payable cycle efficiency.
• Ensure full compliance with company policies and legal regulations related to payables.
• Provide support in internal and external audits concerning accounts payable activities.
• Train and mentor junior accounts payable staff to build a competent team.

Requirements

• Bachelor’s degree in accounting, finance, or a related discipline required.
• Minimum of 5 years of experience in accounts payable or related fields.
• Strong knowledge of accounting software and MS Office proficiency, especially Excel.
• Excellent analytical skills with a keen attention to detail and accuracy.
• Strong organizational skills to manage multiple tasks and meet deadlines.
• Proven ability to communicate effectively with stakeholders at all levels.
• Experience with ERP systems is highly desirable for this position.
• Ability to work independently and make sound financial decisions when needed.