Accounts Payable Manager

SB Clinical Practice Management Plan • East Setauket, NY

6d • Onsite

About The Position

The Accounts Payable Manager leads the Accounts Payable team and processes. This includes the full scope of the three-way-match invoice payment process and employee reimbursement process. The Accounts Payable Manager oversees the vendor payment reconciliation process and offers recommendations and support to research and resolve issues. This role is a champion for financial policies and procedures, leading best practices for purchasing and reimbursement across the organization. This position requires excellent communication skills to enable strong vendor and internal department relationships, data analytic skills for effectively managing the AP team volume and a progressive mindset to improve processes and create efficiencies.

Requirements

• Bachelor’s degree with a major in accounting, finance or other related field in liue of education, five (5) or more years of experience in Accounts Payable or related area
• Three (3) years supervisory experience
• Five (5) years of experience in Accounts Payable or related area
• Advanced Microsoft Excel skills.
• Prior experience using data to produce AP metrics and KPIs
• Prior experience merging multiple data sources, validating data, and drilling down in data to find answers.
• Experience with an accounts payable software.
• Excellent verbal and written communication skills.
• Prior supervisory experience.

Nice To Haves

• MBA or Masters in Accounting or Finance
• Accounting experience in an academic healthcare organization
• Experience with a business intelligence system

Responsibilities

• Transforms Accounts Payable operational data into actionable insights.
• Creates reports, dashboards, scorecards, and visualizations to help manage the department operations.
• Analyzes and monitors Accounts Payable data, making recommendations for adjustments within the department workload distribution, providing feedback to supervisors and staff regarding productivity, and identifying and providing resolutions to any lags, lapses or other issues with vendor payments and employee reimbursements.
• Identifies Accounts Payable process improvements, makes recommendations, and helps implement updates.
• Reviews policies regularly and makes recommendations for revisions.
• Performs quality review of invoice and expense reports.
• Auditing, approving and processing invoice and expense reports, providing feedback to supervisors and staff.
• Receives and analyzes invoices over supervisor approval threshold, verifying policy requirements, confirming invoices match to Purchase Order and Packing List, and General Ledger coding is correct (company, department, division, location, and physician).
• Monitors end-to-end payment process, monitoring and resolving issues.
• Provides support to research and reconcile payment issues.
• Reviews company-wide open Purchase Orders and vendor activity to ensure accounts are current to maintain vendor relationships to support operational purchasing requirements.
• Manages the posting of Accounts Payable transactions to accounting system that directly impact Company and Departmental Financial Statements, including but not limited to ACH, Check, Journals, Refunds, Voids.
• Resolve issues that arise from data or software issues.
• Supports software interface processes.
• Supports development of payment processes for additional entities as they come with the CPMP scope of responsibility.
• Reviews and approves pre-approval forms and cell phone agreement forms, managing inquiries relating to related policies.
• Manages the Accounts payable team, focusing on employee development and growth.
• Performs all functions of T&E Software administration; including user management, general ledger dimensions, policies, and new features as they become available.
• Serves as expert user for T&E and Procurement Software; developing training materials and communications to assist with knowledge transfer to new employees and proficiency of department AP leads
• Trains and becomes lead on reporting capabilities of T&E software, learning how to access, manipulate, and/or print reports as needed.
• Communicates effectively and timely to department and vendor inquiries, develops and maintains effective working relationships with department and vendor contacts.
• Leads by example
• Guides and trains supervisors and staff to develop a clear understanding of financial policies, procedures and accounting software.
• Independently train and guide department administrative partners.
• Reviews and oversees the ongoing maintenance of accounts payable procedures documentation for consistency and cross-training.
• Lead software implementation initiatives, including researching and identifying AP solutions and driving the implementations.
• Develop and maintain financial policies and procedures.
• Identify areas of risk and propose policy updates.
• Assists in monthly closings and annual audits, researching and documenting audit requirements.
• All other projects as identified.

Benefits

• Marketable compensation programs
• Compensation based on relevant experience and education
• Individual compensation discussions begin during the hiring process
• Compensation may occur during job review and promotional opportunities
• Salaries vary depending on experience, education and current market for the position
• External and internal equitable salary determination by Human Resources

What This Job Offers

• Job Type: Full-time
• Career Level: Manager