Business Services Specialist

University of Maryland•College Park, MD

8d•$49,582 - $59,498•Onsite

About The Position

The Business Service Specialist manages a specialized payment group/s such as Shell Shop, leases, or subawards. Is an expert in the management of the vendor relationship, from supporting the campus department, working with Procurement and/or Office of Research Administration (ORA) and communicating with the vendor to ensure the payment process is accurate, timely and efficient. Provides support to Accountants in AP and performs higher level functions such as wire transfer requests to the state and training/scheduling student workers. The Business Services Specialist is a key contributor to the AP Office, ensuring a payment delay rate of less than 1%. Performs complex accounting, clerical, bookkeeping, or auditing activities as related to the Accounts Payable process. Serves as primary Accounts Payable Specialist for UMCP, UMCES, and UMSH. About Accounts Payable at the University of Maryland, College Park: The University of Maryland’s Accounts Payable department is critical in supporting the institution’s financial integrity and operational efficiency. As part of the Division of Finance, Accounts Payable is responsible for processing and managing payments to vendors, contractors, and other stakeholders, in accordance with institutional policies, state and federal regulations, and generally accepted accounting principles (GAAP). Our team ensures the timely and accurate payment of invoices, reimbursement of expenses, and disbursement of funds to support the academic, research, and administrative missions of the institution. We are committed to maintaining effective oversight measures, fostering strong vendor relationships, and delivering exceptional service to our campus partners.

Requirements

High School Diploma or GED.
Six years progressively responsible experience in a combination of budgeting, accounting, payroll, purchasing, and personnel work.
Working knowledge of and ability to apply Generally Accepted Accounting Principles (GAAP).
Working knowledge of management principles and practices.
Skill in applying basic analytical skills to review expenditures and revenues, prepare forecasts, and reconcile accounts.
Skill in performing basic mathematical computations.
Skill in planning work and supervising others.
Skill in organizing and executing multiple assignments under specific time constraints.
Ability to understand and interpret University policies and procedures in the areas of finance, human resources, payroll, purchasing, and sponsored programs.
Ability to prepare and present budgetary, accounting, and other reports and schedules.
Ability to communicate effectively orally and in writing.
Ability to operate office equipment, computers, and related software.
Ability to handle sensitive and confidential matters with discretion and tact.
Except for qualifications established by law, additional related experience and formal education in which one has gained the knowledge, skills, and abilities required for full performance of the work of the job class may be substituted for the education or experience requirement on a year-for-year basis with 30 college credits being equivalent to one year of experience.

Nice To Haves

Familiarity with accounts payable, accounts receivable, or general ledger processes is preferred.
Understanding of general financial processes, such as invoice processing and reconciliation is preferred.

Responsibilities

Manages a specialized payment group/s such as Shell Shop, leases, or subawards.
Manages the vendor relationship, from supporting the campus department, working with Procurement and/or Office of Research Administration (ORA) and communicating with the vendor to ensure the payment process is accurate, timely and efficient.
Provides support to Accountants in AP.
Performs higher level functions such as wire transfer requests to the state and training/scheduling student workers.
Ensures a payment delay rate of less than 1%.
Performs complex accounting, clerical, bookkeeping, or auditing activities as related to the Accounts Payable process.
Serves as primary Accounts Payable Specialist for UMCP, UMCES, and UMSH.