Accounts Payable & Receivable Coordinator

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Regular Full-Time Staff, Office Sycamore, IL, US

7 days ago Requisition

Salary Range: $21.72 To $29.21 Hourly

IDEAL Industries, Inc. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, and Enatel.

A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day.

IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry’s most innovative and trusted tools.

The Accounts Payable Coordinator plays an integral role in the day‑to‑day operations of the accounting department. Assists with accounts payable processes, ensures accurate and timely processing of invoices and payments, while maintaining excellent working relationships with vendors and internal stakeholders.

Essential Job Functions

• Ensures accurate accounting for accounts payable (A/P) liabilities.
• Processes a high volume of invoices and payments to vendors for goods and services, timely and accurately.
• Verifies vendor accounts, paying vendors, and resolving purchase order, invoice, or payment discrepancies.
• Properly records expenses and liabilities reported in company financial statements.
• Monitors accounts payable aging reports and ensures timely payment of outstanding invoices.
• Partners with buyers and receiving team to drive issue resolution to ensure invoices are paid on time.
• Evaluates completed new supplier forms and ensure supplier setups are correct and complete.
• Collaborates with accountants to reconcile A/P, posts journal entries, and prepares month‑end reports.
• Reviews, audits and processes Concur travel expense reports and Purchase Card activity.
• Provides backup support to other members in the accounting department.
• Work on special projects and initiatives, as assigned.
• Comply with and contribute to the continuous improvement of company policies, Internal controls, processes and procedures.
• Support the A/P check write process, as needed.
• Contribute to the entry of A/R cash receipts, as needed.
• Contribute to accounts receivable small write-offs/discounts to invoices, as needed.
• Actively engage in responsibilities and initiatives to ensure a safe work environment.
• Comply with and contribute to the continuous improvement of company policies, processes and procedures.
• Contributes to a collaborative, team-oriented workplace, which may include other duties as assigned.
• Support 1099 filing to the IRS for applicable vendors at year end.
• Prepares A/P related journal entries and accruals at month end.

Knowledge,

Skills and Abilities

• In-depth knowledge of accounts payable principles, accounting standards, and industry regulations.
• Ability to communicate with ease cross functionally and at all levels of the business.
• A demonstrated problem solver, who exhibits exceptional follow-up with a positive demeanor.
• Proficiency in using accounting software; experience with NAV, specifically the AP module, highly preferred.
• Excellent organization skills and strong attention to…