Payment Specialist

Responsibilities

• Process payments according to agreed-upon terms (e.g., Net 30, Net 60), ensuring that all payments are made on time to avoid late fees.
• Prepare payment batches, either manually or through automated systems, and initiate payments.
• Reconciling payment transactions with bank statement and accounting records.
• Assisting in month end and year end closing activities, including journal entries and financial reporting.
• Cash Flow Management: Monitor the company's available cash flow to prioritize payments while maintaining sufficient liquidity for ongoing operations.
• Balance the timing of payments to optimize working capital.
• Communication: Communicate with internal and external stakeholders to resolve issues related to payments.
• Record Keeping and Documentation: Maintain up-to-date records of all accounts payable transactions.
• File payment documentati...