NASAB - Payment Settlement Specialist

Mitsui & Co. (U.S.A.), Inc.•Nashville, TN

About The Position

Position Summary: The Payment Settlement Specialist (Vendor Unit) will be responsible for assisting the Payment Settlement Manager (Vendor Unit) with coordinating the timely and accurate review and release of vendor invoices. Assist the Payment Settlement Manager (Vendor Unit) with coordinating periodic reports for compliance review including reports for overdue accounts payable. Informing the business departments of overdue accounts payable and follow-up with them to ensure that such items are resolved. Assist with investigating and resolving vendor, business department and TSC inquiries. Assist the Payment Settlement Manager (Vendor Unit) with training Payment Settlement Coordinators (Vendor Unit) in Payment Settlement (Vendor Unit) functions. Assist the Payment Settlement Manager (Vendor Unit) with any other vendor payment issues. Principal Duties and Responsibilities: Reviews and releases postings for vendor payments in collective payment approval functionality and FBL1N. Utilizes FBL1N to produce overdue accounts payable reports. Communicates overdue reports to business departments and requests feedback concerning the timing of settlement for overdue payables. Follow up with Payment Settlement Manger (Vendor Unit) on unresolved issues in this area. Works closely with business departments in reconciling and setting up vendor payments involving interface systems. Monitors same day and forex payments to ensure that they are received, reviewed and paid timely. Follow up with Accounts Payable Team and business departments to ensure that workflows for the aforementioned payments are received timely. Assists with questions from Payment Settlement (Vendor Unit) Coordinators in a timely manner. Reviews SOP and compliance procedures with Payment Settlement (Vendor Unit) Coordinators when necessary in order to maintain a high degree of compliance. Reviews and recommend improvement in Payment Settlement (Vendor Unit) Reviews procedures to Payment Settlement Manager (Vendor Unit) Communicates with TSC and business departments regarding vendor inquiries. Investigates vendor payment problems and differences. Undertakes special projects as assigned by the Payment Settlement Manager (Vendor Unit), AP/AR Senior Manager, FSC Director or TSC General Manager. Required Skills/Competencies: Knowledge Areas: Accounts Payable analysis General Accounting Invoice Processing Technical / Communication Skills: Very good PC skills. Familiarity with Microsoft Office ( Excel, Word and Outlook Familiarity with Microsoft Office ( Excel, Word and Outlook) SAP/ECC Discrepancy resolution & Inquiry resolution skills Very good business communication skills Experience: Two to three years minimum work experience in Accounts Payable and/or General Accounting environment. College degree preferable or working towards degree. Basic understanding of the overall Mitsui Business Process (contracts, sales, cost, etc.) This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of assigned duties but to describe a position level. Furthermore, the essential functions are listed above and reasonable accommodations will be made to meet the requirements of the American with Disabilities Act.

Requirements

Accounts Payable analysis
General Accounting
Invoice Processing
Very good PC skills.
Familiarity with Microsoft Office ( Excel, Word and Outlook)
SAP/ECC
Discrepancy resolution & Inquiry resolution skills
Very good business communication skills
Two to three years minimum work experience in Accounts Payable and/or General Accounting environment.
Basic understanding of the overall Mitsui Business Process (contracts, sales, cost, etc.)

Nice To Haves

College degree preferable or working towards degree.

Responsibilities

Reviews and releases postings for vendor payments in collective payment approval functionality and FBL1N.
Utilizes FBL1N to produce overdue accounts payable reports.
Communicates overdue reports to business departments and requests feedback concerning the timing of settlement for overdue payables.
Works closely with business departments in reconciling and setting up vendor payments involving interface systems.
Monitors same day and forex payments to ensure that they are received, reviewed and paid timely.
Assists with questions from Payment Settlement (Vendor Unit) Coordinators in a timely manner.
Reviews SOP and compliance procedures with Payment Settlement (Vendor Unit) Coordinators when necessary in order to maintain a high degree of compliance.
Reviews and recommend improvement in Payment Settlement (Vendor Unit) Reviews procedures to Payment Settlement Manager (Vendor Unit)
Communicates with TSC and business departments regarding vendor inquiries.
Investigates vendor payment problems and differences.
Undertakes special projects as assigned by the Payment Settlement Manager (Vendor Unit), AP/AR Senior Manager, FSC Director or TSC General Manager.