Accounts Payable Specialist

Rocket Mortgage • Detroit, MI

3d

About The Position

The Accounts Payable Specialist maintains financial records and assists with the general operations of the Finance team. The role processes invoices, receipts, vendor records, payments, deposits, and bank-related journal entries; resolves inquiries and discrepancies; and supports month-end and year-end closing. The specialist also helps ensure compliance with accounting policies, procedures, and relevant regulations and recommends improvements to accounts payable processes.

The job description outlines primary responsibilities that may be modified at the company’s discretion. Employment decisions are made without discrimination based on protected characteristics, and reasonable accommodations are available to qualified individuals with disabilities.

Requirements

• Fundamental understanding of accounting principles.
• Strong attention to detail and accuracy.
• Excellent organizational and time management skills.
• Effective written and verbal communication skills.

Nice To Haves

• Two years of accounting or bookkeeping experience.

Responsibilities

• Match, verify, and code invoices in accounting systems.
• Receive and post receipts and reconcile balances.
• Set up and maintain vendors or payors in accounting systems.
• Ensure transactions are timely and accurate.
• Reconcile amounts owed by comparing invoices with purchase orders or other records.
• Review invoices for compliance with organizational policies and approval for payment, and select the appropriate invoice approval flow.
• Prepare check batches for payment and process daily check requests.
• Follow up with leadership to obtain approval for unapproved invoices.
• Deposit received checks and balance check deposits for accounts.
• Make journal entries for bank activity, including credit cards, checks, chargebacks, chargeback credits, and returned checks.
• Respond to inquiries and research and resolve concerns or discrepancies from vendors, suppliers, external clients, internal clients, or team members.
• Assist with month-end and year-end closing activities, including reconciliations and reporting.
• Ensure compliance with accounting policies, procedures, and relevant regulations.
• Identify and recommend process improvements to enhance efficiency and accuracy within accounts payable.

Benefits

• Eligible team members are offered health benefits and other perks.
• The company offers support for team members’ and their families’ health and well-being; specific benefits and perks are available in the company’s full benefits list.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed