Supervisor, Accounts Payable

ITC Holdings • Novi, MI

5d

About The Position

The Supervisor, Accounts Payable, provides supervision and oversight to support A/P Manager in managing the accounts payable function, including adherence to established controls. Develops, implements and maintains systems, procedures and policies to comply with company guidelines, compliance with 1099 reporting laws and other federal and state reporting requirements. Assists in the development/implementation of accounts payable goals; establishes and communicates standard operating procedures. Ensures payments are applied to appropriate General Ledger accounts and departments.

Requirements

• Bachelor's degree in Accounting or Finance or relevant/ equivalent experience and/or education
• Minimum of five (5) years of experience in accounting.
• Experience in accounts payable preferred.
• Experience in a supervisory/leadership role (managing people, processes or projects preferred
• Strong aptitude in financial systems. Preferred experience with PeopleSoft Financials, Canon and Vertex Systems.
• Working knowledge of Generally Accepted Accounting Principles related to the accounting treatment for accrued liabilities.
• Strong understanding of accounting and financial reporting, best practices and internal controls.
• Strong analytical and organizational skills with a focus on synthesizing information, using sound judgment, formulating conclusions and articulating recommendations in a way that is meaningful and valuable.
• Must have excellent verbal and written communications skills, including: the ability to convey complex information clearly, concisely and effectively.
• Strong knowledge of Microsoft Office (Word, Excel, Outlook, PowerPoint and Access).
• Applicants must be authorized to work in the United States for any employer. ITC does not sponsor employment visas, such as H-1B or TN visas.

Nice To Haves

• CPA preferred.

Responsibilities

• Oversees the invoice processing activities of accounts payable staff insuring the reconciliation of accounts to ensure accurate liabilities are recorded and providing compliance for adequate internal control to protect the cash assets of the Company
• Supports accounts payable staff on all vendor related issues. Monitors and provides summary data to support AP Manager in measuring and tracking quality of departmental performance.
• Participates in project activities related to AP functions, bringing value to the company through cost reductions, streamlining workflows, establishing automation and eliminating manual processing steps.
• Assists with upgrades to financial systems, data conversions or validations; utilizes software applications and develops procedures for efficient and effective transaction processing.
• Liaison with Supply Chain, Treasury and other ITC functional areas to support the processing of payments and executing electronic fund transfers.
• Supports completion of the monthly general ledger closing process.
• Supports compliance with corporate accounting policies and procedures.
• Assesses and ensures compliance with federal, state and local reporting requirements including 1099 reporting, escheatment and sanctioning of vendors as required by US Treasury OFAC.
• Coaches, mentors, trains, develops, motivates and supervises staff; assigns and reviews work and appraises employees.
• Participates in other special projects and duties as assigned for the benefit of the department or company.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager