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Senior accounts payable specialist hiring summary. Here are some key points about hiring senior accounts payable specialists in the United States:
Here's a step-by-step senior accounts payable specialist hiring guide:
A senior accounts payable specialist is responsible for performing more complex tasks in the accounting department of an organization and assisting the junior staff in processing financial transactions. Senior accounts payable specialists manage invoice release for vendors and perform bank reconciliations. They also handle the vendors' inquiries and concerns regarding their paychecks and resolve billing discrepancies that they may have. A senior account payable specialist must have excellent knowledge of the accounting principles to generate payments accurately and maintain an organized record of the financial filing system.
First, determine the employments status of the senior accounts payable specialist you need to hire. Certain senior accounts payable specialist roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A senior accounts payable specialist's background is also an important factor in determining whether they'll be a good fit for the position. For example, senior accounts payable specialists from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents senior accounts payable specialist salaries for various positions.
| Type of Senior Accounts Payable Specialist | Description | Hourly rate |
|---|---|---|
| Senior Accounts Payable Specialist | Bookkeeping, accounting, and auditing clerks produce financial records for organizations. They record financial transactions, update statements, and check financial records for accuracy. | $20-39 |
| Bookkeeper | Bookkeepers are employees who are in charge of the company's general ledger. They are well-versed in basic accounting principles, and they apply these in their work... Show more | $14-25 |
| 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 senior accounts payable specialist job description is one of the best ways to attract top talent. A senior accounts payable specialist can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $84,205 | $40 |
| 2 | California | $75,307 | $36 |
| 3 | Virginia | $72,856 | $35 |
| 4 | New Jersey | $71,818 | $35 |
| 5 | Maryland | $70,863 | $34 |
| 6 | Massachusetts | $68,324 | $33 |
| 7 | Oregon | $66,956 | $32 |
| 8 | Pennsylvania | $64,583 | $31 |
| 9 | Ohio | $63,133 | $30 |
| 10 | Texas | $61,101 | $29 |
| 11 | North Carolina | $60,774 | $29 |
| 12 | Minnesota | $60,532 | $29 |
| 13 | Arizona | $60,440 | $29 |
| 14 | Georgia | $58,226 | $28 |
| 15 | Kansas | $55,617 | $27 |
| 16 | Washington | $55,283 | $27 |
| 17 | Florida | $54,916 | $26 |
| 18 | Missouri | $54,655 | $26 |
| 19 | Colorado | $54,588 | $26 |
| 20 | Alabama | $54,253 | $26 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Pacific Investment Management Company LLC | $92,763 | $44.60 | 8 |
| 2 | Earthjustice | $90,013 | $43.28 | |
| 3 | MTS Systems | $89,274 | $42.92 | |
| 4 | First Republic Bank | $87,204 | $41.92 | |
| 5 | Vista Equity Partners | $84,795 | $40.77 | 3 |
| 6 | Tufts Health Plan | $83,124 | $39.96 | |
| 7 | Mastech Digital | $74,205 | $35.68 | |
| 8 | Gyrodata | $73,423 | $35.30 | |
| 9 | Novavax | $72,974 | $35.08 | |
| 10 | Dewberry | $71,825 | $34.53 | 3 |
| 11 | Sedgwick LLP | $71,104 | $34.18 | 2 |
| 12 | Dahl Consulting | $69,268 | $33.30 | 4 |
| 13 | Shutterstock | $66,484 | $31.96 | |
| 14 | ProAssurance | $65,960 | $31.71 | |
| 15 | Navient | $65,224 | $31.36 | |
| 16 | Berlin Packaging | $65,102 | $31.30 | 1 |
| 17 | Seagen | $64,467 | $30.99 | |
| 18 | ITW | $64,412 | $30.97 | 7 |
| 19 | GBMC Healthcare | $63,616 | $30.58 | 2 |
| 20 | RCM Technologies | $63,262 | $30.41 |
A good senior accounts payable specialist 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 a senior accounts payable specialist job description:
To find the right senior accounts payable specialist for your business, consider trying out a few different recruiting strategies:
Recruiting senior accounts payable specialists requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 senior accounts payable specialist 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 senior accounts payable specialist first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring senior accounts payable specialists. 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 senior accounts payable specialist employee.
You can expect to pay around $60,557 per year for a senior accounts payable specialist, 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 senior accounts payable specialists in the US typically range between $20 and $39 an hour.