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Job Summary:
As an Accounts Payable Specialist focused on federal government contracting, you will be responsible for managing the accounts payable process to ensure timely and accurate invoice processing and payment, compliance with federal government regulations, and effective vendor relations. This role requires meticulous attention to detail, a strong understanding of federal contracting regulations, and excellent organizational skills.
Key Responsibilities:
Invoice Processing: Review, verify, and process vendor invoices and employee expense reports, ensuring compliance with federal regulations and contract-specific terms.
Payment Processing: Prepare and perform check runs, electronic funds transfers, and other payment methods, ensuring all payments are completed on schedule.
Regulatory Compliance: Maintain an in-depth understanding of applicable federal regulations, including the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS), ensuring all AP processes are compliant.
Vendor Management: Communicate with vendors to resolve any invoice discrepancies, maintain vendor files, and ensure W-9s and other necessary documentation are up-to-date.
Financial Reporting: Assist in month-end closing procedures, including reconciliation of the accounts payable ledger, preparation of accruals, and providing input for financial reporting.
Audit Support: Provide necessary documentation and support during internal or external audits, particularly relating to federal contracts.
Continuous Improvement: Identify and implement process improvements in the accounts payable process to increase efficiency and accuracy.
Qualifications:
Education: Bachelor’s degree in Accounting, Finance, or related field preferred.
Experience: Minimum of 2 years of accounts payable experience, preferably in a federal government contracting environment.
Skills:
Benefits:
Competitive salary and benefits package including health, dental, and vision insurance, 401(k) plan, paid time off, and more.
Job Type: Full-time
Pay: $22.31 - $26.87 per hour
Work Location: In person
Full Time
$53k-68k (estimate)
04/17/2024
08/13/2024
vsinghcpa.com
Manassas, VA
<25
The job skills required for Accounts Payable Specialist include Accounts Payable, Accounting, Attention to Detail, Communication Skills, Accounting Software, Organizational Skills, etc. Having related job skills and expertise will give you an advantage when applying to be an Accounts Payable Specialist. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Accounts Payable Specialist. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Accounts Payable Specialist positions, which can be used as a reference in future career path planning. As an Accounts Payable Specialist, it can be promoted into senior positions as an Accounts Payable Clerk III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Accounts Payable Specialist. You can explore the career advancement for an Accounts Payable Specialist below and select your interested title to get hiring information.
If you are interested in becoming an Accounts Payable Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Accounts Payable Specialist for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Accounts Payable Specialist job description and responsibilities
Accounts payable specialists spend most of their day multitasking and need to prioritize tasks to ensure they complete their work on time.
12/08/2021: Santa Cruz, CA
Reconciled bank statements with accounts receivables ledgers to assure accurate financial reporting and correct foreign currency exchange rates.
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Work with Maintenance team to ensure all maintenance expenditures are correctly allocated for payment.
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Learn and maintain comprehensive knowledge of the Accounts Payable software modules.
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Prepare analysis of accounts/statements, reconcile payments, and ensure payments are up to date.
12/23/2021: South Bend, IN
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Accounts Payable Specialist jobs
Soft skills like Teamwork, Time Management, Analytical Skills, Negotiation and Leadership are essential for Accounts Payable Specialist roles and jobs.
02/17/2022: Grand Forks, ND
Accounts payable specialists are key members of any organization, ensuring bills and commitments are paid on time, accurately, and completely.
01/12/2022: Troy, NY
Many of the tasks performed by accounts payable specialists can be completed by computers more efficiently.
02/07/2022: Boston, MA
Review all paperwork for accuracy and proper authorizations as required by Finance Policies and Procedures.
02/22/2022: El Paso, TX
Current and aspiring accounts payable specialists use a range of both hard and soft skills.
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Step 3: View the best colleges and universities for Accounts Payable Specialist.