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Accounts Payable Specialist

IMI plc

IMI plc is a sector focused organisation at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World.

The Automation platform leverages deep automation technology and applications expertise to improve productivity, safety and sustainability for our customers, Industrial Automation operates across many important industry sectors and is a world leader in supporting customers with motion and fluid control technology.

Our one big team work fairly and effectively but most importantly together to ensure we maintain the foundations that have enabled IMI’s success through over 150 years of heritage.

 

Role Overview:

The Accounts Payable specialist is responsible for providing, administrative and clerical services. These services include: preparing and processing invoices into the Accounts Payable system, processing and monitoring payments, creating new vendors and handle vendor changes, and performing ad hoc analysis.

Preferred Location: Denver, Oh - partially remote

 

Key Responsibilities

  • Match vendor invoices and purchase orders, resolve discrepancies, verify tax invoiced, quantities billed, and unit pricing, and process credit memos, where applicable
  • Scan and email copies of invoices with issues and route them to the appropriate party, resolve open issues with purchasing dept and project teams
  • Receive vendor invoices via e-mail, then route to the appropriate party, enter into AP system 
  • Manage closely to monthly/quarterly deadlines and ensure all costs are posted timely in order to capture savings
  • Provide listing of unmatched invoices to accounting and purchasing for accrual purposes.
  • Strong communication with internal and external customers, customer-service oriented demeanour
  • Assist with audits, both internal and external, by handling all accounts payable-related requests.
  • Obtain vendor statements and reconcile open payables with their open receivable statement. Request missing invoices and submit them for approval.
  • Strong understanding of and adherence to industry best practices, compliance, and accounting policies
  • Process payments per the schedule and any special payments as approved.
  • Provide back up to AP Lead as the Concur Admin
  • Other duties as assigned.

Core Compenties of Success

  • 3+ years of experience entering AP at a medium to large company
  • Working knowledge of the GL & accruals
  • Motivated self-starter with strong organizational and time-management skills
  • Ability to meet deadlines in a dynamic environment
  • Spanish language skills desired. 
  • Familiarity with Concur Expense Suite
  • Intermediate excel user

What IMI Can Offer You

At IMI, one of our top priorities is to create an inclusive culture of health. We strive to remove barriers to care (whether that be physical or financial) and in doing so, we offer choice for all your health and wellbeing needs.

See below for a general overview of our amazing perks and benefits:

  • Multiple health plans to choose from: HMO, PPO, and High Deductible Health Plans with a low-cost share.
  • Full suite of voluntary benefits to tap into, including but not limited to: Pet insurance, critical illness insurance, concierge services, legal insurance, commuter benefits (if applicable), and home & auto insurance.
  • Employer contribution for Health Savings Account, and in many cases free virtual telemedicine, and teletherapy.
  • Best-in-class 401K plan with zero vesting and up to 6% contribution matching.
  • Mental Health and wellness programs to support you and your family.
  • Short & long-term disability as well as basic life insurance at 2x your basic salary at no cost to the employee.
  • Free financial advisors, webinars, and classes through Charles Schwab.
  • Annual Employee Stock Purchase Plan with option to purchase IMI shares at a reduced employee only price - no opportunity to lose, only to profit or refund your investment 100%.

 

Pay range:  
Minimum (25th percentile of Mercer data) – maximum hourly/annually (top of budgeted amount)

Within the range, individual pay is determined based on skills, experience, and qualifications as they relate to the job requirements. In addition to base salary, this position is eligible to receive a variable incentive pay component. Base pay information is based on market location and may be subject to prevailing wage laws, if applicable. 

 

**Benefits plans change year over year, but we have guiding principles in place to ensure our employees have the tools and resources available to stay connected and up to date**

 

Health & Safety

The physical demands described within the Key Duties & Responsibilities section of this job description are required to perform the essential functions of this position. Reasonable accommodations may be made for individuals with disabilities. Please contact your local HR representative to discuss the specific Work Conditions and Physical Requirements of this role.

Health, Safety, and Environmental Duties – At IMI we are all personally committed to protecting our people, minimizing our impact to the environment, the communities we operate in and our company. All members of our workforce have the duty to ensure the health, safety and welfare of themselves, others, and the environment. Every employee is expected to follow all HSE operating procedures, also to challenge any observed behaviors or unsafe acts.

 

Code of Ethics

IMI requires the highest standard of ethics in all business dealings, particularly with customers, suppliers, advisors, employees, and the authorities. In accordance with the IMI Way: Our Code of Responsible Business.

 

Changes to This Job Description

IMI may amend this job description in whole or part at any time.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.

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What You Should Know About Accounts Payable Specialist, IMI Plc - Legacy Precision

As an Accounts Payable Specialist at IMI plc in Denver, Colorado, you'll be stepping into a role that is pivotal for our financial team. IMI is dedicated to delivering cutting-edge motion and fluid control technologies that enhance sustainability and improve overall quality of life, and we need a talented individual like you to support this mission! Your key responsibilities will include preparing and processing invoices, managing payment schedules, and maintaining vendor relationships. You’ll get to match invoices to purchase orders, resolve discrepancies, and assist with audits while ensuring compliance with industry best practices. Being a part of this friendly and collaborative environment means your communication skills will shine as you liaise with both internal stakeholders and external vendors. We value your organization and time-management skills, and we’re excited to see how you can contribute to the dynamic nature of our work. Plus, with the added benefit of a partially remote position, you can enjoy a great work-life balance while still being part of an incredible team that drives innovation. So, if you have at least 3 years of AP experience and a passion for creating a better world, join us at IMI plc and help us achieve our goal of Breakthrough Engineering for a Better World!

Frequently Asked Questions (FAQs) for Accounts Payable Specialist Role at IMI Plc - Legacy Precision
What are the main responsibilities of an Accounts Payable Specialist at IMI plc?

The Accounts Payable Specialist at IMI plc has vital responsibilities including processing vendor invoices, matching them with purchase orders, and ensuring timely payments. You'll need to resolve discrepancies, communicate with vendors, and assist with audits while adhering to accounting policies and best practices.

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What qualifications are needed for the Accounts Payable Specialist position at IMI plc?

To be successful as an Accounts Payable Specialist at IMI plc, candidates should have at least 3 years of AP experience, strong organization skills, and a solid understanding of general ledger and accruals. Familiarity with Concur Expense Suite and proficiency in Excel are also preferred, while Spanish language skills are a plus.

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How does the Accounts Payable Specialist at IMI plc ensure compliance with accounting policies?

At IMI plc, the Accounts Payable Specialist plays an essential role in maintaining compliance by adhering to internal controls and accounting policies. This includes accurately processing invoices, managing vendor relationships, and reconciling open payables with having a strong ethical approach in all dealings.

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Is prior experience in a large company necessary for the Accounts Payable Specialist at IMI plc?

Yes, having prior experience in accounts payable at a medium to large company is highly preferred for the Accounts Payable Specialist role at IMI plc. This background helps ensure that candidates are familiar with processing invoices and managing multiple vendor relationships effectively.

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What benefits come with the Accounts Payable Specialist position at IMI plc?

IMI plc offers great benefits to the Accounts Payable Specialist, including multiple health plan options, a best-in-class 401K plan, mental health and wellness support, and more. You'll also have an opportunity to participate in an annual Employee Stock Purchase Plan that allows you to purchase shares at a reduced price.

Join Rise to see the full answer
Common Interview Questions for Accounts Payable Specialist
Can you describe your experience with invoice processing as an Accounts Payable Specialist?

In answering this question, you should detail your previous roles and responsibilities related to invoice processing. Emphasize your accuracy in matching vendor invoices with purchase orders, your ability to quickly resolve discrepancies, and how you manage deadlines.

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How do you prioritize your tasks when handling multiple invoices?

Discuss your methods for prioritizing your workload, whether that involves using organizational tools or maintaining a checklist to stay on track. Mention how meeting deadlines is essential to your role and your strategies for ensuring timely payments.

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What steps do you take to ensure compliance with accounting policies?

Explain your understanding of compliance and the importance of adhering to accounting policies. You might mention regularly reviewing procedures, staying updated on changes, and collaborating with team members to ensure everyone is on the same page.

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How do you handle discrepancies between invoiced amounts and purchase orders?

Provide examples of how you’ve successfully resolved such discrepancies by communicating effectively with vendors and internal teams, demonstrating your problem-solving skills and your commitment to maintaining good relationships.

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What software tools are you proficient in for managing accounts payable?

Talk about your experience with software such as Concur Expense Suite or general accounting systems that you have utilized in previous roles, highlighting any specific functionalities that helped streamline your work processes.

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How do you ensure strong vendor relationships in your role?

Discuss your approach to communication and resolving issues promptly with vendors. Emphasize understanding their perspectives and maintaining a customer-service oriented approach that fosters trust and reliability.

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Can you explain your experience with audits related to accounts payable?

Share your experiences assisting with internal and external audits. Emphasize how you prepared documentation and ensured compliance with accounting standards to facilitate a smooth auditing process.

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What tools do you use for tracking outstanding invoices?

Discuss any tracking methods or software you have used to monitor outstanding invoices. Explain how keeping a close eye on this helps both in maintaining positive vendor relationships and ensuring timely payments.

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How do you deal with high-pressure situations, especially with deadlines?

Explain how you remain calm and focused under pressure, possibly by organizing tasks and breaking them down into manageable pieces to ensure that all deadlines are met without sacrificing quality.

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What motivates you to excel as an Accounts Payable Specialist?

Your passion for detail, accuracy, and the joy of contributing to a team’s success are fantastic motivators. Share what you find fulfilling about the role and how it aligns with your career goals in finance and accounting.

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DATE POSTED
April 23, 2025

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