Accounts Payable Spec

Job Title

Processes, verifies and monitors payments and expenditures in an effective and efficient manner to ensure that company finances are accurate and up to date and vendors and suppliers are paid within established time limits. Is self-directed and possesses a solid understanding of the accounts payable job responsibilities, individual displays sound judgment in decision making and acts with confidence. Shows excellent knowledge of important departmental and organizational guidelines and procedures.

Essential Duties & Responsibilities

Processes invoices for payment according to Accounts Payable policies and procedures and ensures that all financial controls are being met.

Codes invoices based on Generally Accepted Accounting Principles and Federal Energy Regulatory Commission regulations and guidelines.

Ensures the accounting for payments are made to appropriate General Ledger accounts and budgets.

Ensures documentation of voucher packages for paid invoices.

Acts as an Accounts Payable liaison to Supply Chain and supports the procurement process. Adheres to procurement policies and procedures and assures that all financial controls are being met. Supports vendor relations by responding to vendor inquiries. Matches inventory receipts to vendor invoices and provides cost accounting and / or pricing adjustments to assist buyers and financial employees in establishing proper unit pricing and inventory control.

Communicates and works with other functional areas to provide support to internal and external customer queries, requests or for problem resolution.

Reviews and processes employee expense reimbursements using the Concur T&E online system.

Supports cash management activities to ensure that the Company can meet its financial obligations.

Provides treasury function with forecasts of cash flow requirements.

Prepares adjusting journal entries based on auditable supporting documentation, to coincide with the accounting closing schedule; Reconciles accounts to assure proper accounting of transactions; Investigates and resolves accounting issues.

Implements and maintains accounts payable policy and procedures financial controls to assure compliance with Sarbanes-Oxley requirements.

Support management by aiding and support with the implementation of process improvements or system automation.

Supports the processing of payments and capturing of vendor information for 1099 Compliance.

Requirements

High School Diploma or Equivalent or relevant, equivalent experience and / or education.

Associate Degree in Business, Finance or Accounting preferred.

Minimum of three (3) years of experience in Accounts Payable, Accounts Receivable, Inventory Accounting or Supply Chain.

Experience with People Soft and Power Plant Fixed Asset System is preferred.

Experience with sales and use tax within multi-state taxing jurisdictions is preferred.

Ability to operate computerized accounting, spreadsheet and word processing programs and email at a highly proficient level. Proficiency with MS Excel on V-Look Up and Pivot table applications is desirable.

Utility industry experience preferred.

Knowledge of Federal Energy Regulatory Commission Code of Federal Regulations (as it relates to accounting) and the related Chart of Accounts is preferable.

Understanding of accounting controls including Sarbanes-Oxley preferred.

Ability to research and analyze various data and problem solve.

Excellent verbal and written communication skills.

Attention to detail and a high degree of accuracy.

Time management skills especially during period of peak workloads.

Ability to work well on a team or independently.

Ability to perform multiple tasks and work efficiently under deadline pressure.

Applicants must be authorized to work in the United States for any employer. ITC does not sponsor employment visas, such as H1B or TN visas.

From electric vehicles to renewables, the world is looking at electricity in a whole new way, and ITC is focused on building and maintaining a power grid that can handle it all. We are looking for individuals who are ready to work with us to build a greater grid for a greener future. In return, ITC is proud to offer industry-leading compensation, benefits and opportunities to channel your energy into community-changing solutions. As an equal opportunity employer, we feel it's crucial to honor our differences, be inclusive, engage as a team, and maximize our individual strengths.