Kennametal

About Kennametal

With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,700 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2.1 billion in revenues in fiscal 2023. Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube.

Job Overview: We are seeking a detail-oriented and experienced Accounts Payable Specialist with proficiency in SAP to join our finance team. The ideal candidate will be responsible for managing the accounts payable process efficiently, ensuring accurate and timely processing of invoices, and maintaining vendor relationships. This role requires strong organizational skills, attention to detail, and the ability to collaborate effectively with internal departments and external vendors.

 

Responsibilities:

Invoice Processing: Receive, review, and process vendor invoices accurately and timely in accordance with company policies and procedures.
Verify invoice details such as purchase orders, pricing, quantities, and payment terms.
Obtain necessary approvals for invoice payment and ensure proper documentation is maintained.
Vendor Management: Communicate with vendors regarding invoice discrepancies, payment inquiries, and account reconciliations.
Build and maintain strong relationships with vendors to resolve issues promptly and ensure smooth transactions.
Assist in vendor setup and maintenance in SAP system, ensuring accuracy and completeness of vendor records.
Payment Processing:Prepare and process weekly, bi-weekly, or monthly payment runs, including checks, ACH transfers, and wire payments.
Reconcile payments and resolve any discrepancies between invoices, purchase orders, and payments.
Account Reconciliation:Perform regular reconciliation of accounts payable sub-ledger to ensure accuracy and completeness of financial records.
Investigate and resolve discrepancies and variances in a timely manner.
Prepare Provisions and Accruals during month-end closure.
Reporting and Analysis:Generate accounts payable reports as needed, providing insights into payment trends, outstanding liabilities, and aging analysis.
Assist in month-end and year-end closing activities, including accruals and reconciliations.
Process Improvement:Identify opportunities for process improvements and efficiency enhancements within the accounts payable function.
Collaborate with cross-functional teams to implement best practices and streamline processes.

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Qualifications:

Bachelor’s or Master’s degree in Accounting, Finance, or related field.
Proven experience working in accounts payable, preferably in a corporate environment.
Proficiency in SAP ERP system is required.
Strong understanding of accounts payable principles, practices, and regulations.
Excellent attention to detail and accuracy in data entry and processing.
Strong communication and interpersonal skills.
Ability to work independently and collaboratively in a fast-paced environment.
Advanced Excel skills
Equal Opportunity Employer

Job Segment: Materials Science, Data Entry, ERP, Social Media, SAP, Science, Administrative, Technology, Marketing

About us
At the forefront of advanced materials innovation for more than 75 years, Kennametal Inc. is a global industrial technology leader delivering productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. For our highly skilled technical team providing world-class tooling application support right at your fingertips visit Kennametal Application Support. Named to Inc.’s Inaugural 2021 Best-Led Companies List Named to Newsweek’s 2022 List of America’s Most Responsible Companies MM MaschinenMarkt’s 2021 Best of Industry Award Winner – Production & Manufacturing