Accounts Payable Specialist

Octane® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience. We connect people with their passions by combining cutting-edge technology and innovative risk strategies to make lifestyle purchases - like powersports vehicles, RVs, and OPE - fast, easy, and accessible.

Octane adds value throughout the customer journey: inspiring enthusiasts with our editorial brands, including Cycle World® and UTV Driver®, instantly prequalifying consumers for financing online, routing customers to dealerships for an easy closing, and supporting customers throughout their loan with superior loan servicing.

Founded in 2014, we’re a remote-first company with 550+ employees and over 30 OEM and 4,000 dealer partners.

We’re seeking an AP Specialist to join the finance team to handle accounts payable functions for the company. 

• The AP Specialist is responsible for all accounts payable functions for the company, including but not limited to processing invoices, cutting checks, reconciling vendor statements, and monthly AP accrual. Generally, support the accounting department and assist in accurate and timely financial statements.
• Handle the accounts payable responsibilities including but not limited to: (1) three way matching, (2) processing invoices into system, (3) cutting checks to vendors, (4) reviewing payable statements, (5) handling vendor payment inquiries, (6) processing the monthly AP accrual, (7) process and review the expense reports, (8) process and review the credit card statements, (9) Vendor Set Up, (10) ACH / Wire process.
• Responsible for preparing and posting accounts payable journal entries and ensuring payables and associated expenses are appropriately recorded.
• Support month-end and year-end close process around reconciling AP, Credit Card Transactions, T&E, and Accruals.
• Maintain 1099 vendor files for accuracy and up to date W9’s for tax reporting.
• Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
• Assist with general ledger classification and coding in conjunction with the FPA team. 
• Assist with AP related platforms – Abacus, BILL, Trip Actions, Credit Cards, and identify automation or consolidation opportunities. 
• Expectation is to attend meetings and take initiative in Financial review discussions.

• Associate degree in Accounting or relevant equivalent experience.
• Minimum 3+ plus years of overall general accounting experience is preferred.
• Working with Corporate Cards and Vendor Billing is also required.
• Understanding of the chart of accounts and classification of expenses is strongly desired.
• Experience with MS Office Suite (Excel, Word, PowerPoint) required.
• Experience with AP Platforms or any relevant, comparable platform is required
• Understanding of general ledger such as NetSuite and Floqast a plus. 
• Excellent written and verbal communication skills and organizational skills.
• Strong attention to detail required.

Benefits:

• Robust Health Care Plans (Medical, Dental & Vision)
• Up to 20 Days PTO (Accrued)
• Generous Parental Leave
• Retirement Plan (401k with Company Match).
• Educational Assistance/Tuition Reimbursement up to $3K/year 
• Powersports Safety Benefit

Compensation: The role described above offers an hourly rate of $21 - $28.  Your offer will be based on the alignment of your qualifications with the requirements of the job and internal equity.  In addition to the above-mentioned salary, Total Rewards includes the benefits as outlined above. 

Disclaimer:  The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification.  They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.  All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

Octane Lending is an equal opportunity employer committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.

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