Accounts Payable Team Lead

ComPsych Corporation•Chicago, IL

12d•$63,000 - $78,000

About The Position

Under the general supervision of the Controller, the Accounts Payable Team Lead manages the Accounts Payable Department and helps maintain strong vendor relations. The role requires knowledge of GAAP, strong supervisory and organizational skills, and experience with software systems, particularly Microsoft Dynamics – Great Plains and NetSuite. The Team Lead directs the AP team and oversees invoice processing, payment cycles, the AP ledger, vendor relationships and compliance, unclaimed funds, and AP-related support for monthly close. The role also develops and maintains AP systems, procedures, and policies, and identifies opportunities for automation and process improvement. The position requires a high-speed internet connection and a workspace free from distraction, disruption, or noise. The employee must be able to attend work-related trainings, meetings, and events on camera, and sit or stand at a desk for prolonged periods while working on a computer.

Requirements

At least 6 years of accounts payable experience, including at least 2 years in a lead or supervisory capacity.
Experience with an AP workflow or automation platform such as Yooz or a similar platform, including invoice capture and approval routing.
Proficiency in Microsoft Word and Excel.
Strong knowledge of AP processes, three-way match, and payment methods.
Strong knowledge of GAAP.
Strong supervisory and organizational skills.
Knowledge of different software systems and strong computer usage experience.
Ability to work independently, multitask, and stay organized.
High-speed internet and a workspace free from distraction, disruption, or noise.
Ability to be on camera for work-related trainings, meetings, and events.
Ability to sit or stand at a desk for prolonged periods while working on a computer.

Nice To Haves

Hands-on experience with NetSuite, including the AP module, vendor bills, bill payments, and month-end reconciliation.

Responsibilities

Lead and develop the AP team, including assigning work, conducting reviews, providing performance ratings, and making compensation recommendations.
Oversee end-to-end invoice processing in NetSuite and the Yooz workflow platform, including capture, coding, approval routing, and exceptions; ensure invoices have appropriate documentation and approval before payment.
Manage weekly check runs and other payment cycles, including check disbursement, mailing, file storage, and document retention.
Manage the AP ledger to keep payables within Company policy, monitor spending against budget, and recommend variances as needed.
Manage vendor relationships and vendor compliance, and serve as the point of contact for AP questions from operations staff and vendors.
Manage the unclaimed funds process, including voiding returned claim checks and remitting funds to states in compliance with state regulations.
Support monthly close by preparing journal entry support for AP, intercompany, prepaid, and other accounts; perform monthly GL account analyses; and coordinate with the accounting department.
Develop, implement, and maintain AP systems, procedures, and policies that ensure adherence to company guidelines, and identify automation and process improvements.
Perform other duties as assigned.