Accounts Payable Manager

State of Maryland • Baltimore City, MD

2d • Hybrid

About The Position

Maryland's Family and Medical Leave Insurance (FAMLI) program makes sure all workers in Maryland have paid time off for medical and family reasons. FAMLI is a social insurance system covering 2.8 million workers and 180,000 employers, delivered as digitally native, public-facing service. The Financial Services Directorate is responsible for establishing and maintaining an efficient financial system, including internal controls and financial procedures, for the FAMLI Division. The Financial Services Directorate safeguards FAMLI funds and other assets, manages FAMLI contributions and benefits payouts, develops financial reports, prepares budgets and projections, and designs and conducts internal audits, as well as responding to external financial audits. The Accounts Payable Manager has a pivotal role within the Financial Services Directorate and the overall FAMLI Division. The Manager will oversee the Division's daily benefits payments and refunds, ensuring all transactions are processed accurately and efficiently, including compliance with federal and state tax requirements. The Accounts Payable Manager will also play an integral part in the year-end closing processes and handle special assignments as required. This position requires the financial acumen to provide insightful recommendations to various stakeholders and contribute to the overall fiscal health and operational success of FAMLI. If you are a proactive financial professional with a passion for public service, this is the job for you!

Requirements

• Bachelor's degree in Accounting from an accredited college or university, including or supplemented by three credit hours in auditing.
• Five years of experience examining, analyzing, and interpreting accounting systems, records, and reports by applying generally accepted accounting principles.
• Candidates may substitute a Bachelor's degree from an accredited college or university with thirty credit hour in Accounting and related courses, including or supplemented by three credit hours in auditing for the required educations.
• Applicants who have met the requirements for admission to the CPA examination prior to July 1, 1974 will be considered to have met the educational requirement referenced above.
• Possession of a certificate as a Certified Public Accountant or a master's degree in accounting from an accredited college or university may be substituted for one year of the required experience.
• Applicants may substitute one year of professional auditing experience for one year of accounting experience.
• Candidates may substitute U.S. Armed forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the Accounting field of work on a year-for-year basis for the required experience and education.

Nice To Haves

• Two years of experience handling Accounts Payable as a supervisor.
• Two years of experience preparing account reconciliations.
• Intermediate level of Excel skills.
• Familiarity with federal and state tax regulations and reporting obligations is a plus.
• Value autonomy in your work, strive to achieve mastery in your field, and are energized by working for a mission-driven organization.
• Strong and inclusive leader who works well with people.
• Excellent collaborator.
• Excited about solving complex human and organizational issues.
• Organized person who has experience coordinating complex projects.
• Great at delegating ownership to capable people.

Responsibilities

• Develops and implements standard procedures for the team.
• Maintains effective internal controls to ensure the accuracy and reliability of FAMLI fiscal records.
• Manages daily benefits payouts and refunds. Ensures they are in alignment with state statutes and regulations.
• Develops, implements, and maintains financial systems for benefits payouts, refunds and other accounts payable transactions.
• Directly supervises and coordinates the activities of Benefits Payouts team staff. This includes recruiting, daily assignment monitoring, regular employee performance evaluations, training, guidance, and direction. Cross-training within the team is required.
• Manages and executes A/P related tasks for the monthly and year-end close; responsibilities include accruals, journal entries, GAAP schedules, assigned reconciliations and reports.
• Oversees tax compliance related to benefits payments, including the proper withholding, reporting, and remitting federal and state taxes by ensuring adherence to applicable Internal Revenue Service and Maryland tax requirements.
• Prepares financial analysis and reports on benefits payouts and refunds.
• Assists with internal and external financial audits.

Benefits

• Flexible hours and hybrid teleworking
• Paid holidays 12-13 per year
• Generous paid leave package (annual, sick, personal and compensatory leave)
• State Pension ("defined benefits" plan)
• Tax-deferred supplemental retirement savings plans (401 (k) and 457)
• Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
• Flexible Spending Account plans for Health Care and Daycare
• State Employees Credit Union

What This Job Offers

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