Procure To Pay Analyst

Western & Southern Financial Group•Cincinnati, OH

1d•Onsite

About The Position

The Procure to Pay Analyst supports business units with contract management, sourcing, and interactions with external suppliers. This role ensures requisitions, purchase orders, invoices, and expense reports comply with company policies. Key responsibilities include analyzing high volumes of transactions, meeting daily deadlines, and maintaining attention to detail. The analyst validates policy commissions and system feeds, troubleshoots discrepancies with IT and business units, and seeks guidance from senior analysts or managers when needed. Responsibilities also include creating and recommending purchase orders, auditing expense reports, and processing wire transfers. The role contributes to operational excellence by identifying and implementing process improvements, testing system upgrades, and maintaining procedure documentation. Strong communication skills, teamwork, and the ability to build effective working relationships are essential.

Requirements

High school diploma or GED required.
Experience with Word and Excel. - Required
Demonstrated understanding of accounting and business concepts.
Proven verbal and written communication skills with ability to convey information in a clear, concise manner to internal and external stakeholders.
Demonstrated ability to work collaboratively in a team atmosphere.
Demonstrates the ability to establish and maintain effective working relationships with suppliers, internal team members and customers.
Demonstrated tactful and professional persistence in following up with various levels of associates to ensure items are resolved in a timely manner.
Proven strong attention to detail with excellent organizational skills.
Provide examples of maintaining high degree of accuracy associated with high volumes of work and/or multiple duties.

Nice To Haves

College degree preferred.
Experience with Procure to Pay, Accounts Payable and Travel & Entertainment Expense Reporting systems. - Preferred
Demonstrated knowledge of Procure to Pay processes and systems preferred.
APPS Accredited Procure to Pay Specialist within 1 Year - Preferred

Responsibilities

Ensure all requisitions, purchase orders, invoices, and expense reports strictly adhere to established company policies and procedures.
Perform daily validations of policy commissions and system feeds to guarantee accurate integration into the payable system.
Collaborate with IT and business units to troubleshoot and resolve any discrepancies or variances that arise.
Provide expert assistance to business units in the creation and management of purchase orders for upcoming fiscal periods.
Conduct thorough analyses of historical data to recommend optimal purchase order amounts to business units.
Facilitate communication with suppliers by providing detailed payment information and verifying invoice accuracy, addressing any discrepancies proactively.
Efficiently process wire transfers for investment and advisory fees with precision and adherence to protocol.
Conduct comprehensive audits and processing of expense reports, offering expert guidance on Travel & Entertainment policies and system navigation.
Execute three-way invoice matching for purchase order-related invoices, and collaborate with business units, sourcing, corporate procurement, and external suppliers to resolve any match exceptions.
Actively participate in performance metric discussions and team huddles to drive continuous improvement.
Identify and engage in opportunities for process enhancements, independently implementing agreed-upon solutions to optimize efficiency.
Conduct rigorous testing of system upgrades and new software releases, updating policies and procedures accordingly to maintain compliance and efficiency.
Meticulously validate payment instructions and exercise discernment to identify and escalate potentially fraudulent transactions.
Resolve open or aged accounting transactions with precision, creating correcting journal vouchers as necessary to maintain accurate financial records.
Performs other duties as assigned.
Complies with all policies and standards.