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Accounts Payable Specialist, Associate

ITC Holdings Corp.

Location:
Position Type:
Rqd Education:
Rqd Experience: 2 - 5 years
Date Posted: November 21, 2022
Reference Code: 500335
ESSENTIAL DUTIES & RESPONSIBILITIES
  • Processes invoices for payment according to Accounts Payable policies and procedures and ensures that all financial controls are being met.
  • Codes invoices based on Generally Accepted Accounting Principles and Federal Energy Regulatory Commission 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 PeopleSoft System.

REQUIREMENTS
  • High School Diploma or Equivalent or relevant, equivalent experience and/or education.
  • Ability to operate computerized accounting, spreadsheet and word processing programs and email at a highly proficient level.
  • 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 management skills especially during period of peak workloads.
  • Ability to work well on a team or independently.
  • Ability to perform multiple tasks and work efficiently under deadline pressure.
About this Employer

ITC, a Fortis company, is the energy industry’s leading electricity transmission company. We deliver bulk electrical energy from power generating plants along high-voltage lines to the local distribution system of utilities serving communities. We invest in power lines that will meet the needs of the 21st century.

As the only fully independent transmission company in the U.S., our business is not distracted by electricity generation or distribution. Transmission is our sole focus. As a result, we can concentrate fully on planning, building, operating and investing in high-value, highly-reliable electricity transmission to our customers and communities.

ITC owns and operates high-voltage transmission facilities in Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma. ITC’s grid development focus includes growth through regulated infrastructure investment as well as domestic and international expansion through merchant and other commercial development opportunities.