What is a Senior Accounts Payable Analyst Job?
A senior accounts payable analyst is an important role in an organization's finance team. This job involves managing the accounts payable process, which includes receiving, processing, verifying and reconciling invoices. The senior accounts payable analyst is responsible for ensuring timely payments to vendors and suppliers while adhering to the company's financial policies and procedures. This role requires strong analytical, organizational, and communication skills.
What usually do in this position?
The senior accounts payable analyst position involves a variety of tasks, including managing the accounts payable process, reconciling invoices, and ensuring timely payments to vendors. Other responsibilities include monitoring accounts for accuracy, identifying discrepancies, and resolving issues. The senior accounts payable analyst also works with other departments within the organization to ensure that all invoices are properly authorized and that expenses are within budget. This role requires strong attention to detail, problem-solving skills, and the ability to work independently.
Top 5 Skills for the Senior Accounts Payable Analyst Position
- Attention to detail: The senior accounts payable analyst must have strong attention to detail to ensure that invoices are processed accurately and payments are made on time.
- Analytical skills: This role involves analyzing financial data, identifying discrepancies, and resolving issues. Strong analytical skills are essential.
- Communication skills: The senior accounts payable analyst must be able to communicate effectively with vendors, suppliers, and other departments within the organization.
- Organizational skills: This role involves managing a large volume of invoices and payments, so strong organizational skills are essential.
- Problem-solving skills: The senior accounts payable analyst must be able to identify and resolve issues related to invoices and payments.
How to Become a Senior Accounts Payable Analyst
To become a senior accounts payable analyst, you typically need a bachelor's degree in accounting, finance, or a related field. Relevant work experience in accounts payable is also required, with at least 5-7 years of experience. Strong computer skills, including proficiency in Microsoft Excel and accounting software, are also required. Professional certifications, such as the Certified Accounts Payable Professional (CAPP) or the Certified Management Accountant (CMA), are also beneficial.
Average Salary
The average salary for a senior accounts payable analyst is $67,000 per year, with salaries ranging from $50,000 to $90,000 per year, depending on experience and location.
Roles and Types
The senior accounts payable analyst role is found in a variety of industries, including healthcare, retail, and manufacturing. In some organizations, this role may be called a senior accounts payable specialist, accounts payable manager, or accounts payable supervisor. The specific job duties and responsibilities may vary depending on the size and type of organization.
Locations with the Most Popular Jobs in USA
The senior accounts payable analyst role is in high demand in many areas of the United States. Some of the top locations with the most job opportunities include New York, Los Angeles, Chicago, Houston, and Atlanta.
What are the Typical Tools?
The senior accounts payable analyst typically uses a variety of tools to manage the accounts payable process, including accounting software such as QuickBooks or Oracle, Microsoft Excel, and other financial management tools. Strong computer skills are essential for this role.
In Conclusion
The senior accounts payable analyst is a vital role in any organization's finance team. This position requires strong analytical, organizational, and communication skills, as well as attention to detail and problem-solving abilities. With a bachelor's degree in accounting or finance, relevant work experience, and professional certifications, you can become a successful senior accounts payable analyst and enjoy a rewarding career.