Accounts Payable Analyst

Lactalis Heritage Dairy Inc•Wausau, WI

1d•Onsite

About The Position

Lactalis Heritage Dairy, part of the Lactalis family of companies, is currently hiring a Accounts Payable Analyst based in Wausau, Wisconsin. We are looking for a detail-oriented analyst who will be responsible for overseeing the accounts payable process and ensuring timely payments to vendors and suppliers. In this role, you will be expected to maintain accurate financial records and reconcile accounts payable transactions. You will collaborate with cross-functional teams to resolve discrepancies, maintain financial records, and support the overall financial health of the site.

Requirements

Minimum requirements include a college degree in related field or 3-5 years' experience in role
Strong knowledge of accounting principles and practices (US GAAP)
Ability to analyze financial data and provide insights or recommendations
Experience in Manufacturing, Food Industry preferred
Must be dependable and be able to work well within a team environment
Excellent verbal and written communication skills
SAP, Concur, Oracle, Microsoft Excel

Responsibilities

Responsible for overseeing the accounts payable process of the whole Walton Plant
Monitors transactions performed by purchasing team to improve process and identify opportunities for cost savings
Validates that all expenses are classified properly (plant code/material group/cost center/GL accounts) and tie back to the plant's budget
Audits accounts payable transactions for completeness, accuracy, and conformity to Lactalis policy, IRS regulations, and generally accepted accounting standards
Analyzes key reports (GR-IR balancing/vendor past due/vendor master data) for integrity; diagnoses errors and makes necessary corrections
Researches and resolves invoice errors, discrepancies, and validation holds to ensure the timely processing of invoices
Identifies areas of risk for the business related to the payables process and implements controls to mitigate the risk
Continuously seeks opportunities to make improvements of procedures and systems
Responds to external vendors and internal managers in a timely manner regarding all aspects of the accounts payable process, including processing invoices for payment, recording sales tax and reconciling employee expenses (& Corporate P-Card)
Communicates effectively in a professional, tactful, and courteous manner always
Ensures quality of payment processing and reporting within assigned deadlines to avoid IRS and other government penalties
Ensures timely payment of vendor invoices through matching of purchase orders, requesting invoices from vendors and monitoring of all payment authorizations to payment completion
Collaborates with EDI team to ensure accurate electronic (imaged) vendor invoices and credit memos transfer from vendor to Oracle SAP
Processes foreign currency payments, manual checks, wire transactions, and other specialty exception payments
Keeps informed of regulatory requirements and best practices in accounting
Assists with any internal or external audits by providing necessary documentation (ensures that document retention policy is followed)
Prepares any necessary rebills/allocations to Corporate or other plants for shared expenses
Tracks freight invoices and allocates the expense back to the material components as applicable (important to capture proper pricing for material ledger)
Reviews purchase price variances for raw materials, packaging, ingredients, chemicals and spare parts to compare material standards with the invoiced price
Executes any material ledger adjustments for pricing errors, freight or rebates then communicates any journal entries to Corporate accounting team
Prepares monthly accrual for charges missing at the end of month (utilities, lab expenses, security services, lawn care, etc)
Analyzes past financial data to identify trends, create visual presentations and prepare projections based on that information
Assesses current operations, identifies areas for improvement, and forecasts outcomes based off previous performance and future volumes
Participate in special projects, ad-hoc research and data analysis as needed
Acts as a backup for the GMP and supports the finance team as needed