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Accounts payable lead hiring summary. Here are some key points about hiring accounts payable leads in the United States:
Here's a step-by-step accounts payable lead hiring guide:
Accounts payable leads are accounting professionals who are responsible for leading a team of professionals that manage the company's accounts payable, a short-term debt payment that needs to be paid to avoid default. These professionals are required to evaluate vendor invoices and prepare payments to pay vendors while preparing the daily expense reports. They must create the general ledger at the end of the month to reconcile closing balances. Accounts payable leads must also assist purchasing agents in resolving vendor or customer issues that pertained to inaccurate information on purchase orders.
The accounts payable lead hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
Hiring the perfect accounts payable lead also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list shows salaries for various types of accounts payable leads.
| Type of Accounts Payable Lead | Description | Hourly rate |
|---|---|---|
| Accounts Payable Lead | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $19-37 |
| Billing Analyst | A billing analyst is responsible for supporting the operations of an accounting department, evaluating and issuing invoices, and analyzing the financial transactions of the company. Billing analysts assist with creating financial statements and reports, managing billing discrepancies, updating recent account statements on the company's database, and checking the accuracy of balance sheets... Show more | $16-35 |
| Charge Bookkeeper | A full charge bookkeeper's primary job is to manage and handle all the accounts of a small or medium-sized business. They are responsible for overseeing the accounting duties for a company, including billing customers, preparing bank statements and tax returns, and processing timesheets... Show more | $17-27 |
Including a salary range in your accounts payable lead job description helps attract top candidates to the position. An accounts payable lead salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for an accounts payable lead in Kansas may be lower than in New York, and an entry-level accounts payable lead usually earns less than a senior-level accounts payable lead. Additionally, an accounts payable lead with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $73,521 | $35 |
| 2 | Maryland | $67,183 | $32 |
| 3 | California | $64,880 | $31 |
| 4 | Texas | $62,533 | $30 |
| 5 | North Carolina | $58,309 | $28 |
| 6 | Illinois | $57,309 | $28 |
| 7 | Florida | $56,952 | $27 |
| 8 | Virginia | $56,240 | $27 |
| 9 | Ohio | $56,129 | $27 |
| 10 | Georgia | $53,383 | $26 |
| 11 | Washington | $53,295 | $26 |
| 12 | Oklahoma | $52,571 | $25 |
| 13 | Colorado | $51,778 | $25 |
| 14 | Arizona | $51,671 | $25 |
| 15 | Missouri | $51,060 | $25 |
| 16 | Minnesota | $50,831 | $24 |
| 17 | Indiana | $48,175 | $23 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | NV Energy | $91,778 | $44.12 | |
| 2 | Ncar - The National Center For Atmospheric Research | $81,854 | $39.35 | |
| 3 | Curo Health Services | $78,674 | $37.82 | |
| 4 | Tesla | $78,278 | $37.63 | |
| 5 | Edward Jones | $77,185 | $37.11 | |
| 6 | Student Conservation Association | $74,443 | $35.79 | |
| 7 | American Water | $73,323 | $35.25 | |
| 8 | Array Networks | $68,373 | $32.87 | |
| 9 | Palantir | $64,916 | $31.21 | |
| 10 | PACCAR | $60,528 | $29.10 | |
| 11 | Cleveland Clinic | $60,155 | $28.92 | |
| 12 | UnitedHealth Group | $59,506 | $28.61 | 36 |
| 13 | Elbit Systems of America | $58,891 | $28.31 | |
| 14 | AAR | $57,202 | $27.50 | 9 |
| 15 | MetroPlus | $56,875 | $27.34 | |
| 16 | Kroger | $56,649 | $27.24 | 31 |
| 17 | Creative Financial Staffing | $56,391 | $27.11 | |
| 18 | Hatco | $56,388 | $27.11 | |
| 19 | Shockwave Medical | $56,183 | $27.01 | |
| 20 | Timco Aviation Services | $56,112 | $26.98 |
A good accounts payable lead job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an accounts payable lead job description:
To find the right accounts payable lead for your business, consider trying out a few different recruiting strategies:
To successfully recruit accounts payable leads, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the accounts payable lead position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
There are different types of costs for hiring accounts payable leads. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new accounts payable lead employee.
You can expect to pay around $57,175 per year for an accounts payable lead, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for accounts payable leads in the US typically range between $19 and $37 an hour.