Senior Accounts Payable Specialist

Role Overview & Responsibilities

IEM (Industrial Electric Manufacturing, Inc.) in Fremont, CA is the largest independent full-line manufacturer of custom electrical distribution and power quality equipment in North America. IEM has delivered customer-specific solutions to meet the ever-changing power requirements of growth industries in North America for over half a century. We offer a competitive market-based salary, quarterly profit sharing, and a comprehensive benefits package, including 401K with matching.

Responsibilities

· Perform reconciliation for multiple bank and loan accounts. Enter daily banking transactions, review statements, and reconcile discrepancies between bank and book records.

· Process vendor invoices by performing 3-way matching to ensure that invoice details match purchase orders and receiving reports.

· Process payments to vendors and employees, ensuring accuracy and compliance with company policies and procedures.

· Enter corporate credit card expenses and provide guidance to employees for reimbursement process and policy.

· Check vendor invoices, ensuring sales and use tax is accrued accurately.

· Reconcile intercompany transactions and resolve any discrepancies with the affiliated companies.

· Respond to vendor inquiries and resolve any issues related to payments or invoices in a timely manner.

· Prepare accounts payable accruals for materials received but not invoiced.

· Participate in process improvement initiatives to streamline accounts payable processes and increase efficiency.

· Assist with audit and bank examination related to accounts payable.

Requirements

· Minimum of 3 years of AP experience.

· Bachelor’s degree in Accounting or Finance.

· Proficiency in ERP software, MS Excel and Outlook.

· Demonstrated ability to partner with purchasing, shipping, stockroom and other departments.

· Strong communication skills with an ability to work with vendors as well as with various levels of employees.

· Exceptional attention to detail and ability to operate with consistency in a fast-paced environment

· Centralized AP experience preferred but not required.

Job Type: Full-time

Pay: $65,000.00 - $75,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Overtime

Work Location: In person