Accounts Payable Analyst

LAPP is a family-owned company headquartered in Stuttgart and a global leader in cable and connection technology. Founded in 1959, we are still fully family-owned today. With around 5,800 employees, we are operating in over 80 countries – globally connected and regionally rooted. Working at LAPP means more: this is where inventive spirit and a hands-on mentality meet cherished values and tradition. We offer all employees the freedom to develop and pursue new opportunities. Flexibility and personal responsibility are just as important to us as a family-friendly work environment. We value all our colleagues with their talents, ideas and perspectives.

Summary: Under the direction of the Accounts Payable Supervisor, this person is generally responsible for processing the foreign and domestic product supplier’s invoices, employee expenses as well as freight invoices. The responsibilities also include verification of proper payment authorizations, general ledger classifications, as well as identification of available payment discounts and proper record keeping. They are also responsible for processing and analyzing all accounts payable transactions. 

Essential Duties and Responsibilities – include the following. Other duties may be assigned.

• Maintains Accounts Payable filing and archives and recurring vendor payment schedules.

• Reconciles statements from foreign and domestic vendors, as well as inter-company accounts with other Lapp Companies. 

• Recognize and diligently take corrective action against fraudulent vendor activity. 

• Maintains good vendor relationships by assisting with general inquiries and helping to resolve discrepancies.

• Responsible for periodic disbursement runs.

• Assists with reconciling credit card expenses.

• Perform special projects and/or research as requested by management.

• Assists in monthly closings and serves as back-up for other finance functions when required.

• Assists with check deposits and reconciliation. 

• Processes and analyzes accounts payable transactions

• Sets up and maintains suppliers/vendors in the accounting systems

• Ensures transactions are timely and accurate

• Ensure expenses are accurately coded and allocated

• Prepares Journal Entries and reconciles general ledger or bank accounts on a regular basis

• Assists in year-end and monthly/quarterly accounting procedures

Supervisory Responsibilities

This position has no supervisory responsibilities. 

Competencies

• Demonstrate excellent interpersonal skills, strong work ethic, and a positive attitude.

• Team player who understands that their role impacts all others in the department. Must be willing to assist others, learn new tasks and be flexible with timelines.

• Ability to work in a fast-paced environment where accuracy is key.

• Month end and year-end closings can be hectic. Ability to organize and prioritize and meet deadlines is a must. 

• Handles moderately complex issues and problems

• Possesses solid working knowledge of subject matter

• Must be detail oriented

• Understands business implications of decisions.

• Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully.

• Proven technical experience and background and ability to continuously build upon knowledge and skills to stay current with regulatory changes and issues that may affect the company.

• Inspires and motivates others to perform well; effectively influences actions and opinions of others.

• Displays willingness to make decisions; Exhibits sound and accurate judgment.

• Looks for ways to improve quality; Applies feedback to improve performance.

QUALIFICATIONS AND EDUCATION REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree from an accredited college or university

• Minimum of 2 years of meaningful, related accounting experience.

CERTIFICATIONS, LICENSES, REGISTRATIONS: None

LANGUAGE SKILLS: Ability to read and comprehend simple instructions, short correspondence, and memos.  Ability to write simple correspondence.  Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization.

MATHEMATICAL SKILLS: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.  Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

REASONING ABILITY: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.  Ability to deal with problems involving several concrete variables in standardized situations.

COMPUTER SKILLS: To perform this job successfully, an individual should have proficient knowledge of SAP software, Microsoft O365, Excel and Word. Ability to easily adapt to new computer systems. 

TRAVEL REQUIREMENTS: None

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the functions of this role, it is required that the person report to the Florham Park, NJ office 3 days per week. While working remotely, it is a requirement that the individual have reliable access to the internet and a workspace that is suitable for uninterrupted work. 

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to walk. The employee is occasionally required to stand and reach with hands and arms. Specific vision abilities required by this job include close vision, and distance vision.

COMPENSATION: After thorough market analysis, LAPP takes many factors into consideration when determining base salary such as experience, knowledge, skills, abilities, etc. of the candidate. The base salary range for this role is $60,000 - $65,000 plus participation in LAPP's bonus plan. We also offer a comprehensive benefits package including Medical, Vision, Dental, Paid Time Off, Paid Holidays, 401(k), HSA/FSA, Life Insurance, and more!

*LAPP is an Equal Opportunity Employer*