Accounts Executive AP Job Description Template
As an Accounts Executive AP, you will be responsible for managing the accounts payable process, including reviewing and processing supplier invoices, reconciling account balances, and ensuring timely payments. Your role is crucial in maintaining financial accuracy and supporting the finance team.
Responsibilities
- Review and process supplier invoices accurately and efficiently
- Reconcile account balances and maintain financial records
- Ensure timely payments to vendors and suppliers
- Assist with month-end closing activities
- Resolve discrepancies and handle vendor inquiries
- Maintain organized and up-to-date financial documentation
- Collaborate with the broader finance team to ensure compliance with financial policies and procedures
Qualifications
- Bachelor's degree in Finance, Accounting, or related field
- Minimum of 2 years of experience in accounts payable or a similar role
- Proficiency in accounting software and Microsoft Office Suite
- Strong attention to detail and organizational skills
- Excellent communication and interpersonal abilities
- Ability to work independently as well as part of a team
- Understanding of financial regulations and compliance standards
Skills
- Accounts Payable
- Reconciliation
- Accounting Software
- Microsoft Excel
- Financial Reporting
- Data Entry
- Vendor Management
Frequently Asked Questions
An Accounts Executive Accounts Payable (AP) is responsible for managing financial transactions related to the accounts payable function. This includes processing vendor invoices, ensuring timely payments, reconciling statements, and maintaining accurate financial records. They may also assist in month-end closing activities and work closely with the finance team to ensure compliance with accounting principles and corporate policies.
To become an Accounts Executive Accounts Payable, candidates typically need a bachelor's degree in accounting, finance, or a related field. Relevant experience in accounts payable or other accounting roles is highly beneficial. Developing proficiency with accounting software, such as SAP or QuickBooks, and having strong analytical and organizational skills are crucial. Pursuing professional certifications or accounting courses can also enhance your qualifications.
The average salary of an Accounts Executive Accounts Payable varies based on location, experience, and company size. However, it generally falls within a competitive range, reflecting the role's importance in financial operations. Salaries typically increase with experience and additional responsibilities or specialization in specific financial areas. Additional benefits such as bonuses, health insurance, and retirement plans may also be offered by many employers.
An Accounts Executive AP position typically requires a bachelor's degree in accounting, finance, or a related discipline. Prior experience in accounts payable or accounting roles is often necessary. Familiarity with accounting software, strong attention to detail, and excellent problem-solving skills are crucial. Certification from recognized accounting bodies can further demonstrate expertise and commitment within the field.
An Accounts Executive AP must possess strong analytical skills, attention to detail, and proficiency in advanced accounting software. Key responsibilities include processing invoices, managing and resolving invoice discrepancies, and ensuring accurate financial records. Effective communication skills are essential, as they often liaise with vendors and other departments to resolve payment issues. Time management and organizational abilities are also vital in handling multiple tasks efficiently.