Accounts Payable Assistant Jobs
An Accounts Payable Assistant is a vital member of the accounting and finance team, tasked with the accurate and timely processing of a company's financial obligations. This role includes managing invoices, vendor payments, and other financial transactions, while also maintaining and reconciling financial records.
The Accounts Payable Assistant collaborates with various departments to ensure compliance with financial policies and procedures. Strong organizational, analytical, and communication skills are essential for handling a range of administrative tasks. Attention to detail, multitasking abilities, and problem-solving skills for resolving discrepancies related to invoices and payments are also crucial in this position.
Overall, Accounts Payable Assistant Jobs play a key role in the financial health of an organization.
National Yearly Income Range:
$35,000 - $60,000
Why Being an Accounts Payable Assistant is Great.
An Accounts Payable Assistant plays a crucial role in maintaining the financial health of an organization by ensuring that all invoices are processed accurately and timely. This position offers a unique blend of responsibilities, including data entry, reconciliation, and communication with vendors, which can provide a fulfilling and dynamic work environment. Additionally, the skills gained in this role, such as attention to detail and financial acumen, are highly transferable and can lead to various career advancement opportunities within the finance sector.
Accounts Payable Assistant Jobs are often in high demand, making this a stable career choice with the potential for growth and development.
Accounts Payable Assistant Job Duties And Responsibilities
An Accounts Payable Assistant is responsible for processing and verifying invoices to ensure compliance with financial policies, managing vendor payments, and reconciling bank statements and vendor accounts. They maintain accurate financial records, match invoices to purchase orders, and resolve discrepancies while preparing month-end accruals. The role involves responding to inquiries regarding payment statuses, setting up supplier accounts, and coordinating with the Credit Control department for accurate payment allocations. Additionally, the assistant performs administrative duties, audits purchasing card accounts, and assists with the implementation of new payables software, ensuring efficient operations within the accounts payable department.
Why be an Accounts Payable Assistant with IES Residential?
Becoming an Accounts Payable Assistant with IES Residential offers a unique opportunity to join a company with over 50 years of experience and a strong commitment to employee development and community engagement. You will be part of a family-oriented culture that values safety, humility, and continuous learning, allowing you to grow professionally while contributing to a diverse and inclusive workplace. IESR’s dedication to supporting its employees through comprehensive benefits, training programs, and a vibrant work environment ensures that your contributions are recognized and valued, making it an ideal place to advance your career while making a positive impact on both the company and the communities it serves.
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
Explore Accounts Payable Assistant Jobs Near Me by State
Discover a variety of Accounts Payable Assistant Jobs Near Me by State to find the perfect opportunity that fits your skills and career goals.
IES Residential States of Operation
FAQs
What's an Accounts Payable Assistant's job description?
An Accounts Payable Assistant is responsible for managing and processing invoices, vendor payments, and financial transactions to ensure timely and accurate payment of a company's obligations. This role involves maintaining and reconciling financial records, collaborating with various departments to ensure compliance with financial policies, and resolving discrepancies related to invoices and payments. Strong organizational, analytical, and communication skills are essential for success in this position.
What is the average salary of an Accounts Payable Assistant?
The average salary of an Accounts Payable Assistant is approximately $45,000 per year, with a range from about $35,000 to $60,000 annually. Hourly rates typically range from $17 to $29, depending on experience and location.
How do I get an Accounts Payable Assistant job?
To get an Accounts Payable Assistant job, start by gaining relevant experience in accounts payable or a similar role, ideally three years or more. Develop strong IT skills, particularly in Excel and accounting software like Sage 50 or PeopleSoft. An accounting qualification, such as a degree or equivalent, is beneficial. Familiarize yourself with basic bookkeeping and accounting principles, and ensure you have strong data entry skills with a high degree of accuracy. Enhance your communication, organizational, and interpersonal skills, and demonstrate your ability to work independently and as part of a team. Highlight your analytical skills and ability to multitask, and be prepared to showcase your problem-solving capabilities. Consider applying for positions that value experience with administrative applications and computer system conversions.
What are the job duties of an Accounts Payable Assistant?
An Accounts Payable Assistant is responsible for processing and verifying invoices, managing vendor payments, and reconciling bank statements. Key duties include maintaining financial records, matching invoices to purchase orders, and preparing month-end accruals. They handle inquiries related to payment status, ensure timely payments and discounts, and assist in setting up new supplier accounts. Additionally, they enter data into accounting systems, perform administrative tasks, and work with vendors to resolve payment issues. The role may also involve auditing purchasing card accounts and supporting the implementation of new software systems.
How much does an Accounts Payable Assistant make per hour?
An Accounts Payable Assistant typically earns between $17 and $29 per hour, with an average salary of around $45,000 per year.
Is an Accounts Payable Assistant job fullfilling?
An Accounts Payable Assistant job can be fulfilling for those who enjoy working with numbers, detail-oriented tasks, and contributing to a team's financial efficiency. It offers opportunities for growth, skill development, and a clear understanding of business operations, making it a rewarding choice for many.
How long does it take to become an Accounts Payable Assistant?
Becoming an Accounts Payable Assistant typically takes 3 to 5 years, which includes gaining relevant experience in accounts payable or similar roles. A background in accounting or finance, along with proficiency in accounting software and strong analytical skills, is often required. Having a degree in Accounting, Finance, or Business Administration can enhance job prospects and may reduce the time needed to qualify for the position.
Is there a demand for Accounts Payable Assistants?
Yes, there is a strong demand for Accounts Payable Assistants. As businesses grow and financial transactions increase, the need for skilled professionals to manage invoices, payments, and vendor relationships continues to rise. This role is essential for maintaining accurate financial records and ensuring timely payments, making it a valuable position in various industries.
What are Accounts Payable Assistant career paths?
Accounts Payable Assistants can pursue various career paths, including Accounts Payable Specialist, Accounts Payable Supervisor, Financial Analyst, or Accounting Manager. With experience, they may also advance to roles such as Controller or Finance Director. Additionally, some may transition to related fields like Procurement or Treasury Management. Continuous education and certification can further enhance career opportunities.
What are the job responsibilities of an Accounts Payable Assistant?
An Accounts Payable Assistant is responsible for processing and verifying invoices, managing vendor payments, and reconciling bank statements. Key duties include maintaining financial records, matching invoices to purchase orders, and handling discrepancies. They prepare month-end accruals, respond to inquiries about payment statuses, and ensure timely payments to vendors. Additional responsibilities involve setting up supplier accounts, coordinating with the Credit Control department, entering data into accounting systems, and performing administrative tasks. The role also includes monitoring vendor compliance and assisting with the implementation of new payables software.
What are the requirements to get an Accounts Payable Assistant job?
To secure an Accounts Payable Assistant position, candidates typically need the following qualifications:
1. Previous experience in accounts payable or a similar role, usually 3+ years.
2. Proficiency in IT skills, particularly with Excel and accounting software like Sage 50 or PeopleSoft.
3. An accounting qualification (HNC, HND, Degree, or equivalent) is advantageous.
4. Strong understanding of basic bookkeeping and accounting principles.
5. Ability to calculate, post, and manage financial records accurately.
6. Excellent data entry skills and attention to detail.
7. Strong communication, organizational, and interpersonal skills.
8. Capability to work independently and collaboratively within a team.
9. Strong analytical skills with the ability to multitask and meet deadlines.
10. A positive, flexible approach to work, with problem-solving abilities.
11. Competency in typing and spelling.
12. Experience with administrative applications and system conversions is preferred.
13. A Bachelor’s degree in Accounting, Finance, or Business Administration is often preferred.
Are there entry level Accounts Payable Assistant jobs?
Yes, there are entry-level Accounts Payable Assistant positions. Typically, these roles require a high school diploma or equivalent, with some employers preferring an associate's degree in accounting or finance. Key skills include attention to detail, organizational abilities, proficiency in accounting software, and basic knowledge of financial principles. Strong communication skills and the ability to work in a team are also important. Prior experience in a related field can be beneficial but is not always necessary.
Explore Other Jobs That Might be Right for You.
Want to explore something similar to Accounts Payable Assistant jobs? Look no further than these other careers that IES Residential has to offer.
