Accounts Payable work is focused on administering, designing and ensuring compliance with accounts payable processes including:
Invoice charge verification (including applicable discounts) vs. purchase orders
Verification that goods and services purchased have been received
Confirmation of purchase approval
Payment authorization and processing
Reconciliation of accounts payable ledgers to identify improper charges, validate transactions, and ensure accurate and timely payment of amounts due
Positions on this level are fully proficient in executing established standards. Works independently within set frames and follows set course. Has a knowledge base typically acquired from a skilled/university degree and approximately 1-2 years of practical professional experience in a particular area. Develops own knowledge, shares best practice and develops relevant/appropriate solutions. Positions at this level are expected to continuously improve the day-to-day activities/processes.
Can be a formal team leader of more junior co-workers and may set day-to-day operational objectives.