Accounts Payable Coordinator (Hybrid: 1-2 days onsite)

The Accounts Payable Coordinator plays an integral role in the day-to-day operations of the accounting department. Assists with accounts payable processes, ensures accurate and timely processing of invoices and payments, while maintaining excellent working relationships with vendors and internal stakeholders.

IDEAL INDUSTRIES, INC. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, Enatel, and IVRY Technologies. A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day. IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry's most innovative and trusted tools.

Ensures accurate accounting for accounts payable (A/P) liabilities.
• Processes a high volume of invoices and payments to vendors for goods and services, timely and accurately.
• Verifies vendor accounts, paying vendors, and resolving purchase order, invoice, or payment discrepancies.
• Properly records expenses and liabilities reported in company financial statements.
• Monitors accounts payable aging reports and ensures timely payment of outstanding invoices.
• Partners with buyers and receiving team to drive issue resolution to ensure invoices are paid on time.
• Evaluates completed new supplier forms and ensure supplier setups are correct and complete.
• Collaborates with accountants to reconcile A/P, posts journal entries, and prepares month-end reports.
• Reviews, audits and processes Concur travel expense reports and Purchase Card activity.
• Support 1099 filing to the IRS for applicable vendors at year end.
• Prepares A/P related journal entries and accruals at month end.
• Provides backup support to other members in the accounting department.
• Work on special projects and initiatives, as assigned.
• Comply with and contribute to the continuous improvement of company policies, Internal controls, processes and procedures.
• Contributes to a collaborative, team-oriented workplace, which may include other duties as assigned.
• Supervision is not a responsibility of this position but may occasionally provide functional direction and support to co-workers.

Knowledge, Skills and Abilities

• In-depth knowledge of accounts payable principles, accounting standards, and industry regulations.
• Ability to communicate with ease cross functionally and at all levels of the business.
• A demonstrated problem solver, who exhibits exceptional follow-up with a positive demeanor.
• Proficiency in using accounting software; experience with NAV, specifically the AP module, highly preferred.
• Excellent organization skills and strong attention to detail required.
• Proficiency in Microsoft Excel required.
• Excellent analytical and people skills.

Qualifications:

• Associate degree in Finance, Accounting, or Business Management with an emphasis in Finance or Accounting preferred. Equivalent work experience may be considered.
• Minimum 3+ years accounts payable experience in a high volume accounts payable function using the three-way match process.
• AP experience in a manufacturing environment a plus.
• Ability to drive towards resolution.

Working Conditions

• Effectively perform work in an office environment or hybrid arrangement.
• Effectively communicate, both written and verbal, and exchange accurate information, so that others will understand.
• Wears required personal protective equipment to ensure safety when applicable.
• Working hours are generally during regular business hours; overtime may be required on occasion.

The expected hourly rate for this position is between $18.85 and $25.36 per hour. This range represents a good faith estimate for the position and actual compensation will be based on numerous factors including knowledge, location, skills, training and experience.

IDEAL INDUSTRIES, INC. is proud to be one of Newsweek's Global Top 100 Most Loved Workplaces and an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. We know when you honor relationships, success for all will follow. To learn more about us, visit www.idealindustries.com

Please review IDEAL Industries' Privacy Notices here: https://idealindustries.com/content/dam/corporate/legal/IDEAL-Applicant-and-Candidate-Privacy+CA-Notice-2023.pdf. By continuing, you acknowledge reviewing and understanding these notices.