Accounts Receivable and Payable Associate
About The Position
Thruway Fasteners, Inc. is a leading distributor of industrial products, serving hundreds of original equipment manufacturers across 40 states and 28 countries. We assist customers in enhancing efficiency, fostering growth, and quickly addressing unique business challenges and opportunities through custom technology applications and extensive industry knowledge. Headquartered in North Tonawanda, NY, Thruway operates six branch locations in New York, Pennsylvania, and Georgia. This role involves processing and monitoring incoming payments, ensuring operational accuracy and efficiency, and maintaining accurate cash balances by verifying and posting receipts. Responsibilities include working through customer portals to obtain payment data and following up on outstanding receivables. For accounts payable, duties include organizing vendor invoices, processing them, utilizing purchase order matching where applicable, resolving discrepancies, and reconciling vendor statements with Thruway's records.
Requirements
- Two (2) years' proven working experience as an accounting associate
- Specific experience with accounts receivable is required
- Solid understanding of basic accounting principles, fair credit practices and collection regulations
- Proven ability to calculate, post and manage accounting figures and financial records
- Data entry skills along with an aptitude for numbers
- Experience with spreadsheets and accounting software
- Proficiency in English and in MS Office
- Demonstrated ability to handle confidential and sensitive information with professionalism and discretion
- Customer service orientation
- High degree of accuracy and attention to detail
- Excellent research and record-keeping skills
- Good verbal and written communication skills
- Strong math and computer knowledge so work is accurate and timely
- Possession of Valid Driver’s License and reliable transportation
Nice To Haves
- AAS degree in Finance, Accounting or Business Administration preferred
- Accounts payable experience a plus
- Knowledge of NetSuite accounting software is a plus
Responsibilities
- Process accounts and incoming payments in compliance with financial policies and procedures
- Perform day-to-day financial transactions, including verifying, classifying, computing, posting and recording accounts receivable data
- Gather and organize remittance advice for electronic payments, including accessing from online customer portals
- Prepare daily bank deposits
- Reconciliation of customer remittance advice data to Thruway invoices, including working with Thruway's branch staff to resolve discrepancies
- Daily reconciliation of cash receipts to system totals
- Work with Thruway's customer and operations team members to address customer credits, including cleanup and ongoing maintenance of outstanding credits
- Monthly preparation of Sales Tax Reports for NY and various other states
- Accounts payable invoice processing in accordance with company's specific procedures
- Other office tasks as requested
Benefits
- Medical plan options including a Co-Pay plan and High-Deductible Healthcare plans
- Dental (including orthodontic coverage for dependents up to age 19)
- Vision plan with either Davis or VSP networks
- Company paid Basic Life, AD&D and State Disability
- Health Savings Account (HSA)
- Voluntary life insurance
- Voluntary short-term and long-term disability
- Voluntary critical illness, accident insurance, theft & legal services, hospital indemnity
- Employee Assistance Program
- Paid Time Off
- Paid Holidays
- 401k retirement plan with employer match
- Employee Referral Program
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
