Accountant; Accounts Payable

Novi, MI, United States

JOB SUMMARY

Establishes and maintains accounting policies and controls, fiscal controls, preparing financial reports in an effective and efficient manner to ensure that company finances are accurate and up to date and vendors and suppliers are paid within established time limits.

Maintains accounting and financial records and reports, including general ledger, financial statements, regulatory and management reports.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Processes invoices for payment according to Accounts Payable (AP) policies and procedures and ensures that all financial controls are being met.
• Acts as the Business Unit Owner of business related to ITC’s Project Horizon growth; acts as back-up for all other Business Unit Owners.
• Codes invoices based on Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) regulations and guidelines.
• Ensures the accounting for payments are made to appropriate General Ledger accounts and budgets.
• Ensures documentation of voucher packages for paid invoices.
• Acts as an Accounts Payable liaison to Supply Chain and supports the procurement process. Adheres to procurement policies and procedures and assures that all financial controls are being met. Supports vendor relations by responding to vendor inquiries. Matches inventory receipts to vendor invoices and provides cost accounting and/or pricing adjustments to assist buyers and financial employees in establishing proper unit pricing and inventory control.
• Communicates and works with other functional areas to provide support to internal and external customer queries, requests or for problem resolution.
• Supports cash management activities to ensure that the Company can meet its financial obligations.
• Provides treasury function with forecasts of cash flow requirements.
• Prepares adjusting journal entries based on auditable supporting documentation, to coincide with the accounting closing schedule;
  Reconciles accounts to assure proper accounting of transactions;
  Investigates and resolves accounting issues.

Maintains various accounts payable related files and information including Supplier Add/Update Forms, W-9 Forms, Vendor ACH Forms and other documentation. Maintains Vendor Master File within the People Soft System.

Maintains Procurement Card Program as Administrator

Facilitates weekly team huddle

• Identifies defects, reports, and purposes possible solutions related to AP Business Process issues; collaborates as needed to determine consensus of key stakeholders
• Develops quality / process improvement tools, checklists, process maps, or work instructions as needed to resolve issues related to quality or rework situations.
• Works independently to complete assigned tasks/projects and provides appropriate level of communication to leadership, escalate issues timely to allow for course correction.

REQUIREMENTS

Minimum Education and Experience Requirements:

• All Levels: Bachelor's degree in Accounting, Finance or relevant, equivalent experience and/or education.
• Associate Level:No minimum experience required. Accounting internship preferred.
• Intermediate Level:Minimum of two (2) years of experience in accounting (SEC reporting/public accounting experience preferred)
• Senior Level: Minimum of five (5) years of experience in accounting (SEC reporting/public accounting experience preferred)

All Levels

Previous experience collaborating with multiple functional areas such as Accounts Payable, Accounts Receivable, Inventory Accounting Information Technology or Supply Chain experience is preferred.

• Demonstrated ability to optimize and recommend solutions within a team effort/project implementation.
• Experience with People Soft and Power Plant Fixed Asset System is required.
• Ability to operate computerized accounting, spreadsheet and word processing programs and email at a highly proficient level.
• Thorough understanding accounting controls including Sarbanes-Oxley preferred.
• Ability to research and analyze various data and problem solve.
• Excellent verbal and written communication skills.
• Attention to detail and a high degree of accuracy.
• Time…