Accounting Associate, Accounts Payable - JR24710-3800

The Payment Services Accounting Associate at The University of Chicago plays a crucial role in ensuring that all payment functions adhere to university policies, IRS regulations, and generally accepted standards. This position is integral to the Procurement Services department, which aims to enhance the university's Procure-to-Pay experience by establishing contracts, creating purchase orders, and administering various campus programs. The associate will work closely with campus clients to assist in processing correcting entries and ensuring that all transactions are handled efficiently and accurately. In this role, the associate will respond to inquiries from both campus and external clients, providing guidance on transactional corrections to invoices and other accounts payable transactions. They will be responsible for processing corrections, ensuring that all requested changes are properly approved, prepared, reviewed, and recorded in accordance with institutional policies and procedures. The associate will also ensure the quality of payment processing and reporting within assigned deadlines to avoid any penalties, thereby maintaining the integrity of the university's financial operations. Additionally, the associate will continuously seek opportunities to improve procedures and systems, responding to and researching accounts receivable/payable inquiries, including payments to vendors and reimbursements to individuals. They will collect, interpret, and perform routine analyses of payables data, likely acting as an informal resource to less experienced associates. The role may also involve performing other related work as needed, contributing to the overall efficiency and effectiveness of the Payment Services team.