Accounts Payable Accountant
About The Position
Ensure accounts payable and accounts receivable transactions are processed accurately, timely, and in compliance with Bank policies, procedures, and regulatory requirements. Research and resolve payment-related inquiries while providing exceptional customer service to employees, vendors, and internal customers. Support the Accounting team through accounts payable operations, month-end close activities, escheatment administration, and other assigned accounting functions. This role provides exposure to a broad range of accounting processes beyond traditional accounts payable responsibilities and offers opportunities to develop accounting knowledge and technical skills.
Requirements
- An associates or college degree in accounting or finance and one to two years of accounts payable experience, or the equivalent combination of education and experience is necessary.
- Must be detailed oriented, have excellent communication skills and ensure compliance with policy.
Nice To Haves
- Accounting degree or pursuing an accounting degree is a plus.
- Experience processing invoices and expenses in Workday is a plus.
Responsibilities
- Reviews, validates, and processes invoices, employee disbursements, check requests, and travel advances in accordance with Bank policies and procedures.
- Verifies supporting documentation, approvals, and account coding to ensure accurate and timely payment processing.
- Assists accounting team with monthly close process/journal entries.
- Prepares monthly account reconciliations for accounts payable and other assigned accounts, including researching, documenting, and resolving reconciling items.
- Assists with annual form 1099 reporting, including compliance with IRS reporting requirements, data validation, and distribution of tax documents.
- Monitors, maintains and updates the escheatment process.
- Serves as point of contact for the Workday Accounts Payable module.
- Supports system maintenance by assisting the Senior Workday Administrator with validating semi-annual Workday releases for AP related enhancements.
- Reviews and processes employee expense reports in Workday in accordance with the Bank’s Travel and Entertainment (T&E) Policy and established approval requirements.
- Maintains vendor payment terms and supports payment administration activities to ensure timely and accurate disbursement of funds.
- Researches and resolves payment exceptions and escalates issues as appropriate.
- Ensures all accounts payable activities are performed in compliance with applicable Bank policies, procedures, internal controls, and regulatory requirements.
- Electronically maintains accounts payable files.
- Prepares records and files for movement to offsite storage and maintains offsite destruction records when needed.
- Provides assistance to vendors and various departments to research payment of invoices, and other related accounts payable documents.
- Conducts timely research and resolves vendor disputes and follows-up on items regarding any vendor invoice.
- Determines the need for, and requests issuance of “stop payments” on checks as necessary.
- Assists with special projects, including audit requests/documentation.
- Prepare billing statements for accounts receivable.
- Identifies and flags fringe transactions.
- Identifies prepayments and sets up prepaid schedules for invoices to be amortized.
- Prepares and processes manual wires.
- Generates and distributes the daily financial statement.
- Performs other functions as directed by management.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
