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Ap Recovery Audit Jobs in Alabama (NOW HIRING)

Ap Recovery Audit information

What is an AP recovery audit?

An AP (Accounts Payable) Recovery Audit is a financial review process where a company’s accounts payable transactions are analyzed to identify and recover overpayments, duplicate payments, missed discounts, or other payment errors. Typically performed by specialized auditors or third-party firms, the audit helps organizations reclaim lost funds and improve internal controls. This process not only recovers money but also provides insights to prevent future payment mistakes and optimize financial operations.

What are the key skills and qualifications needed to thrive as an AP recovery audit specialist?

To thrive as an AP Recovery Audit Specialist, you need strong analytical skills, knowledge of accounts payable processes, and experience with financial reconciliation, usually supported by a degree in accounting or finance. Familiarity with ERP systems like SAP or Oracle, data analysis tools such as Excel, and sometimes certification in auditing or accounting is important. Attention to detail, problem-solving abilities, and effective communication are crucial soft skills for detecting discrepancies and collaborating with vendors and internal teams. These skills ensure accurate financial recovery, minimize losses, and support organizational integrity in managing payables.

What are some common challenges faced in an AP recovery audit role, and how can candidates prepare for them?

One of the main challenges in an AP Recovery Audit role is accurately identifying discrepancies and overpayments within large volumes of financial data. This can require strong attention to detail, persistence, and familiarity with various accounting systems. Candidates should be prepared to work independently as well as collaborate with AP teams and vendors to resolve issues. Proactively developing strong analytical skills and knowledge of common invoice processing errors can help you succeed in this role.

What is the difference between Ap Recovery Audit vs Accounts Payable Specialist?

AspectAP Recovery AuditAccounts Payable Specialist
Primary RoleIdentify and recover overpayments or errors in accounts payableProcess and manage vendor invoices and payments
Skills & CertificationsKnowledge of audit procedures, accounting, and ERP systemsProficiency in accounting software, attention to detail
Work EnvironmentAudit teams, finance departments, often in corporate or healthcare settingsFinance or accounting departments, administrative offices

While both roles work within the accounts payable domain, an AP Recovery Audit focuses on reviewing transactions to recover funds lost due to errors, whereas an Accounts Payable Specialist manages the day-to-day processing of invoices and payments. The roles complement each other but differ in scope and primary responsibilities.

What are popular job titles related to Ap Recovery Audit jobs in Alabama?

For Ap Recovery Audit jobs in Alabama, the most frequently searched job titles are:

What cities in Alabama are hiring for Ap Recovery Audit jobs?

Cities in Alabama with the most Ap Recovery Audit job openings:

Asset Protection Associate - Riverchase Galleria

JCPenney

Birmingham, AL • On-site

$15.50 - $20.50/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 7 days ago


JCPenney rating

5.6

Company rating: 5.6 out of 10

Based on 677 frontline employees who took The Breakroom Quiz

14th of 21 rated department stores


Job description

Shrink Observer

Shrink observes activities to detect theft, fraud, or suspicious activity; collects investigative evidence utilizing CCTV and observations from the sales floor. Follows AP directives and company policy when making apprehensions. Executes required company investigation routines to identify and resolve theft, and properly documents all stages. Conducts external interviews in accordance with local laws and company policy with customers and contractors suspected of theft. Reports suspected fraud (i.e., credit/check and refund fraud) and infractions of company policy to AP and/or store leadership. Creates and manages records using approved company methods for reporting apprehension, witness statements, retention of evidence, and disposition of recovered merchandise. Based on direction from Asset Protection leadership, will collect evidence and/or monitor associate activity as needed regarding internal investigations and/or serve as an interview witness. Proactively identifies potential acts of theft and fraud by observing associate/customer activity, exception reports and referrals. Investigates suspicious behavior (collects intelligence, documents behavior, etc.). Attends court hearings as required and updates appropriate files with related outcomes; maintains professional relationship with local law enforcement. Travels to stores as necessary. Analyzes intelligence on individuals and booster groups involved in theft. Safe and Secure Supports a safety culture through impressions of control, coaching, and recognition. Provides support by aiding store leadership in morning meetings to communicate current shrinkage and safety topics to associates. Provides support by walking the store to identify potential hazards that could result in customer or associate injury; takes initiative to correct minor hazards on floor while reporting larger concerns or consistent issues to leadership. Provides emergency or critical incident response. Assists with incident investigations and completes associated reports. May assist with Asset Protection audits. Coaches associates on keeping work areas and sales floor free of hazards to reduce risk of accidents. Supports stores in cases of critical incidents, business disruptions, natural disasters, etc. Performance Standards Consistently meets established performance standards for the role, including but not limited to service, productivity, and attendance. Requirements AP Associates designated as a part of our AP Shared Services staffing model will require reliable transportation; ability to travel to designated stores, as assigned. 1+ years retail work experience/Asset Protection/Security or equivalent leadership experience/education preferred. High School diploma or equivalent work experience, AA/BA/BS in Criminal Justice or Business Management preferred. Must be age 18+. What you get: If eligible, we offer a competitive benefits package including medical/dental/vision, term life insurance, paid vacation/holidays*, and 401(k) with company match. All associates are eligible for an associate discount on JCPenney merchandise. For paid holidays, associates who are eligible for paid vacation (MTO) are also eligible for eight paid holidays during the calendar year. All store hourly associates scheduled to work on a designated holiday will receive additional compensation. *For paid vacation days, as well as eligibility requirements for other benefits, please visit www.catalystbrandsbenefits.com


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