What are the responsibilities and job description for the AP Lead position at CFS?
AP Lead Accountant
$85,000 to $95,000
Position Summary
The AP Lead Accountant is responsible for managing the full-cycle accounts payable process and supporting key financial close activities. This role ensures timely, accurate invoice processing and payment disbursement, maintains vendor relationships, and actively contributes to the month-end close process. The AP Lead will also coordinate with cross-functional teams, assist in financial reporting, and support internal controls and compliance efforts.
Key Responsibilities
$85,000 to $95,000
Position Summary
The AP Lead Accountant is responsible for managing the full-cycle accounts payable process and supporting key financial close activities. This role ensures timely, accurate invoice processing and payment disbursement, maintains vendor relationships, and actively contributes to the month-end close process. The AP Lead will also coordinate with cross-functional teams, assist in financial reporting, and support internal controls and compliance efforts.
Key Responsibilities
- Lead the daily operations of the Accounts Payable team, ensuring accuracy and timeliness in invoice processing and payment execution.
- Review and approve payment batches, ensuring appropriate documentation and coding.
- Monitor AP aging reports and vendor reconciliations; resolve discrepancies with vendors and internal teams.
- Oversee employee expense processing and ensure adherence to company travel & expense policies.
- Maintain and update vendor master records in compliance with internal controls.
- Assist with 1099 reporting and year-end tax documentation.
- Participate in month-end close activities, including:
- Accruals for unbilled expenses
- Journal entries related to AP and prepaids
- Account reconciliations for AP-related general ledger accounts
- Analysis of AP balances and variances for reporting
- Support external audits and ensure compliance with SOX/internal control requirements.
- Identify and implement process improvements, automation initiatives, and best practices in AP.
- Train, mentor, and support junior AP staff to promote operational efficiency and development.
- Bachelor’s degree in Accounting, Finance, or related field.
- 4–6 years of progressive AP experience, with at least 2 years in a lead or supervisory role.
- Strong knowledge of US GAAP and financial close processes.
- Hands-on experience with monthly close duties (accruals, reconciliations, journal entries).
- Proficient in ERP systems such as SAP, Oracle, NetSuite, or Microsoft Dynamics.
- Intermediate to advanced Excel skills (pivot tables, VLOOKUP, etc.).
- Strong organizational and analytical skills, with attention to detail.
- Ability to prioritize tasks and meet tight deadlines in a fast-paced environment.
- Experience in a multi-entity or shared services environment.
- Familiarity with AP automation tools and expense systems (e.g., Concur, Tipalti).
- Understanding of SOX compliance and internal controls.
Salary : $85,000 - $95,000