Accounts Payable with Vendor Management Job Description Template
The Accounts Payable with Vendor Management specialist will manage all aspects of the company's accounts payable function. This includes processing payments, managing vendor relations, and ensuring compliance with internal financial policies. The role demands high attention to detail and proficiency in financial software.
Responsibilities
- Process and verify invoices for accuracy.
- Timely payment of invoices and bills.
- Manage and maintain vendor relationships.
- Negotiate payment terms with suppliers.
- Reconcile statements and communicate discrepancies to vendors.
- Prepare and review financial reports related to accounts payable.
- Ensure compliance with company policies and financial regulations.
- Assist in financial audits.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- Minimum of 3 years experience in accounts payable or similar role.
- Proven experience in vendor management.
- Strong understanding of accounting principles and financial compliance.
- Excellent communication and negotiation skills.
- High level of accuracy and attention to detail.
Skills
- Accounts Payable Processing
- Vendor Relationship Management
- Financial Reporting
- Reconciliation
- Invoice Verification
- Negotiation
- SAP
- QuickBooks
- Excel
- Attention to Detail
Frequently Asked Questions
An Accounts Payable with Vendor Management professional handles the financial obligations of a company by reviewing invoices, initiating payments, and ensuring all financial transactions are accurate. They also manage vendor relationships, resolving any discrepancies between orders and invoices, verifying vendor accounts, and ensuring timely payment cycles to maintain positive relations with suppliers.
To become skilled in Accounts Payable with Vendor Management, one typically needs a background in finance or accounting, often holding a degree or certificate in these fields. Gaining experience with financial software like QuickBooks, SAP, or Oracle is crucial. Developing skills in communication and negotiation, and gaining a solid understanding of procurement processes and vendor relationship dynamics, will further enhance one's proficiency in this role.
The average salary for an Accounts Payable with Vendor Management specialist can vary based on experience, location, and the size of the company. Typically, professionals in this role earn a competitive wage that reflects their responsibility for managing financial transactions and vendor relations. It's common for salaries to correlate with expertise in financial software and experience in managing complex vendor contracts and negotiations.
Qualifications for an Accounts Payable with Vendor Management role often include a bachelor's degree in finance, accounting, or a related field. Knowledge of accounting software and proficiency in Microsoft Excel are essential. Employers may also look for candidates with experience in financial reporting, vendor management, and strong analytical skills, as these are critical to maintaining accurate financial records and managing supplier relationships effectively.
Effective Accounts Payable with Vendor Management professionals are equipped with strong analytical skills, attention to detail, and excellent organizational abilities. Responsibilities include processing and reconciling invoices, managing payment processes, and maintaining vendor records. Skills in communication and negotiation are crucial for resolving vendor disputes and fostering healthy supplier relationships. Proficiency with accounting software and a keen understanding of financial procedures are also important for success in this role.