Accounts Payable Specialist

The Salz Group, a QSR Franchisee, is seeking out an Account Payable Specialist to continue driving success in our Finance Dept. As a growing company, this in-person role will report directly to the CFO and will ensure timely and accurate processing of AP transactions, maintain strong vendor relationships, and contribute to the financial and operational efficiency of our organization. Having an expansion mindset and flexibility will be best, as we are poised for continued growth within our various brands.

Key Responsibilities of Accounts Payable Specialist

• Invoice Management:
• Review, verify, and process a high volume of invoices, ensuring accuracy and proper coding to the correct restaurant locations and expense categories.
• Match purchase orders, receipts, and invoices to validate transactions.
• Address and resolve invoice discrepancies in collaboration with vendors and internal teams.
• Payment Processing:
• Prepare and execute weekly payments via checks, ACH, or wire transfers.
• Maintain Rent lease working files file on monthly basis and ensure timely payments along with respective real estate taxes and utilities charges
• Ensure compliance with payment terms to maintain positive vendor relationships and optimize cash flow.
• Maintain Purchase Orders for all new restaurants under development and maintain proper cash flow.
• Maintain detailed records of all payments in the accounting system.
• Vendor Relations:
• Respond promptly to vendor inquiries regarding payment status, discrepancies, or account reconciliation.
• Collaborate with the procurement team to manage vendor setups, maintain accurate vendor records, and support onboarding processes.
• Reconciliations:
• Reconcile vendor statements monthly to ensure all invoices and payments are accurately recorded.
• Assist in period-end and year-end closing by preparing AP-related reports and schedules.
• Compliance and Reporting:
• Monitor and ensure adherence to corporate policies, franchise agreements, and tax regulations (e.g., sales tax, 1099 reporting).
• Ensure timely Bonus/Incentive calculations as per designed policy and coordinating with HR for disbursement.
• Generate and analyze AP aging reports to manage liabilities effectively.
• Process Improvement:
• Identify opportunities to improve the efficiency and accuracy of accounts payable processes.
• Support the implementation and optimization of accounts payable automation tools.

Education & Experience:

The right candidate will possess 2-3 years of experience in an Accounts Payable role, with a bachelor’s degree in accounting preferred. Proficiency in excel, as well as excellent communication and problem-solving skills is essential, but having knowledge of SAGE, BILL.COM, and Restaurant-365 would be an added advantage. Those candidates with previous experience within retail and/or multi-unit restaurant environments will be heavily considered.

Benefits:

Salz Group provides a comprehensive benefits package to include: Medical/Dental/Vision insurance, Paid Time Off, 8 paid Holidays annually, 401K, product discounts, Commuter Benefits, and the chance to help grow your career, in our quest to build a better franchise model.

About Salz Group

At Salz Group, we believe in setting the gold standard in the Quick Service Restaurant (QSR) industry. With a legacy rooted in passion, innovation, and unwavering commitment, we have emerged as leaders in the franchising business model.

Our journey began in 2003 with the opening of our first Dunkin' Donuts location. From day one, we immersed ourselves in every aspect of the business, mastering guest service, retailing, operations, and more. This hands-on approach paved the way for exponential growth and success.

In 2016, we made history by opening three Dunkin' Donuts stores, including one at the iconic Fulton Center within the World Trade Center property. Achieving the highest first-week sales in Dunkin' Brands history for a standalone store was a testament to our dedication and strategic prowess.

Since then, Salz Group has expanded its portfolio to include the Wendy’s, Taco Bell, and WingStop brands. With 34 locations and growing, we leave no stone unturned in our quest to build a better franchise model. To Note: Currently operating in the Financial District, in Manhattan, the Salz Group offices will permanently relocate to Jericho, NY in January 2025.

Job Type: Full-time

Pay: $60,000.00 - $65,000.00 per year

Benefits:

• 401(k)
• Commuter assistance
• Dental insurance
• Employee discount
• Health insurance
• Health savings account
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Ability to Relocate:

• Jericho, NY 11753: Relocate before starting work (Required)

Work Location: In person

Salary : $60,000 - $65,000