What are the responsibilities and job description for the Accounts Payable Specialist position at LV Search Partners?
Position Overview
The Accounts Payable Specialist is responsible for managing the full cycle accounts payable process in a fast paced manufacturing environment. This role ensures timely and accurate processing of vendor invoices, maintains strong vendor relationships, and supports financial integrity while ensuring compliance with internal controls and gaming regulatory requirements.
Key Responsibilities
Invoice Processing & Payment Management
- Process high volumes of vendor invoices accurately and efficiently, including matching invoices to purchase orders and receiving documentation (3-way match)
- Review invoices for accuracy, proper approvals, coding, and compliance with company policies
- Prepare and execute weekly check runs, ACH, and wire payments
- Ensure timely payment of vendors to maintain positive relationships and avoid service disruptions
Vendor Management
- Serve as primary point of contact for vendor inquiries regarding payments, discrepancies, and account status
- Reconcile vendor statements and resolve discrepancies promptly
- Maintain accurate and up-to-date vendor records, including W-9 forms and payment details
- Assist with onboarding new vendors in accordance with internal controls and compliance requirements
Reconciliation & Reporting
- Reconcile accounts payable subledger to the general ledger
- Assist with month-end close procedures, including accruals and reporting
- Support audits by providing documentation and explanations as needed
- Monitor aging reports and ensure timely resolution of outstanding liabilities
Qualifications
Required
- 2 years of accounts payable experience, preferably in a high-volume environment
- Strong understanding of accounts payable processes and accounting principles
- Proficiency in Microsoft Excel and accounting software / ERP systems
- Excellent attention to detail and organizational skills
- Strong communication and problem-solving abilities
- Ability to manage multiple priorities and meet deadlines
Key Competencies
- Accuracy and attention to detail
- Time management and prioritization
- Integrity and confidentiality
- Team collaboration
- Vendor relationship management