Accounts Payable Analyst

Job Summary:

The Accounts Payable (AP) Analyst is responsible for managing and maintaining accounts payable records, reconciling statements, and resolving any discrepancies. A successful Accounts Payable Analyst is detail-oriented, has strong knowledge of bookkeeping and accounting principles, excellent mathematical skills, and the ability to thrive in a fast-paced environment. This person also is responsible for researching and resolving issues and helping prepare monthly accounts payable reports for management.  

  

What is expected in this role:

• Serving as the SME within Finance for all Vendor Information and Payment Processing:
• Ensuring vendor/contractor master data is complete and accurate with proper documentation (w-9, banking info) and maintaining the filing system.
• Verifying the accuracy of vendor invoices and confirming that the correct general ledger account codes are used.
• Preparing and processing vendor payments on a routine schedule in accordance with company policies and procedures.
• Reconciling accounts payable ledger ensuring bills and expenses are accounted for and properly posted.
• Owning the End of Year Reporting for 1099s.
• Collaborating with HR on maintaining proper contracts, files, and compliance requirements for vendor management.
• Owning the external stakeholder communications and servicing as REE’s POC for vendors.
• Responding to vendor inquiries and resolving any discrepancies in billings and payments.
• Communicating with vendors and supporting internal managers in all aspects of the accounts payable process, including processing invoices for payment, assisting with bank reconciliations, reconciling vendor statements, assisting with audits, and producing reports.
• Adhering to all regulations and processes as established by REE’s policies, along with safeguarding personally identifiable information / personal health information in accordance with HIPPA laws.

How success is measured in this role:

• Number of coding errors
• Number of late payments
• Number of payment errors
• Average invoice processing time