Accounts Payable Analyst

WEX•Portland, ME

About The Position

We are seeking an experienced and detail-oriented Senior Accounts Payable Analyst to join our Accounts Payable Finance team. The ideal candidate will possess in-depth knowledge of accounts payable processes, exceptional analytical skills, and a proven track record of effectively managing complex financial transactions. The Senior Accounts Payable Analyst will play a pivotal role in ensuring accuracy, compliance, and efficiency in our accounts payable operations.

Requirements

Bachelor's degree in Accounting, Finance, or related field.
Proven experience (typically 2-5 years) in accounts payable or relevant financial roles, with a strong understanding of AP processes, policies, and best practices.
Proficiency in using accounting software and ERP systems (e.g., SAP, Oracle, Peoplesoft, Coupa) to process transactions and generate reports.
Advanced Microsoft Excel skills for data analysis and reporting purposes, familiarity with RPA and automation tools such as UI Path and Alteryx
Excellent attention to detail, problem-solving abilities, and analytical skills.
Strong communication and interpersonal skills, with the ability to interact effectively with vendors, colleagues, and management.
Ability to work under pressure, prioritize tasks, and meet tight deadlines.
Adaptability to technological advancements and willingness to embrace process automation and improvement initiatives.

Nice To Haves

Prior experience in leading or supervising a team is desirable.

Responsibilities

Invoice Processing: Review, verify, and process a high volume of payments to Merchants, Customers and Trade Vendors while ensuring accuracy and adherence to company policies and procedures
Vendor Management: Establish and maintain strong relationships with vendors, resolving payment discrepancies and inquiries promptly and professionally.
Leadership: Provide guidance and mentorship to junior members of the accounts payable team, assisting with training, problem-solving, and process improvement.
Data Analysis: Conduct in-depth analysis of accounts payable data to identify trends, discrepancies, and opportunities for process enhancement. Generate relevant reports and provide actionable insights to management.
Compliance and Auditing: Collaborate with internal and external auditors to ensure compliance with company policies, regulatory requirements, and financial standards. Assist in audits by providing accurate documentation and explanations.
Process Improvement: Continuously evaluate and improve accounts payable processes to enhance efficiency, accuracy, and effectiveness. Implement best practices and automation where applicable.
Payment Processing: Manage the end-to-end payment cycle, ensuring timely and accurate payments to vendors through various payment methods.
Cross-functional Collaboration: Collaborate with procurement, finance, and other relevant departments to streamline processes, resolve issues, and optimize vendor relationships.