Account Payable Associate

Key Responsibilities

• Provide leadership support to the AP team in reviewing and clearing aging and long-outstanding account balances, both on AP subledger and general ledger. This includes reviewing existing account balances of vendors, clearing accounts and other GLs used, owned and/or impacted by the AP team.
• Create and follow-through on action plans to clear long-outstanding balances, understand and evaluate the financial risks and implications and propose write-offs/write-ons to the P&L as needed.
• Lead and close-out any existing recovery audit efforts (e.g. Broniec) and ensure that recovery is complete and recorded properly in the right GLs.
• Assist in reviewing and posting monthly AP transactions, ensuring accuracy and completeness in terms of amounts, documentations, SoD and other controls compliance.
• Review and improve all AP processes relating to recurring invoices (such as utilities, rent, courier, and other corporate charges managed centrally by the shared services team).
• Work with other Accounting groups to accurately and timely close Accounts Payable per the established close schedule. Ensure certain general ledger accounts are reconciled and accounted for to maintain the integrity of the financial statements.

• Provide leadership support to the AP team in reviewing and clearing aging and long-outstanding account balances, both on AP subledger and general ledger. This includes reviewing existing account balances of vendors, clearing accounts and other GLs used, owned and/or impacted by the AP team.
• Create and follow-through on action plans to clear long-outstanding balances, understand and evaluate the financial risks and implications and propose write-offs/write-ons to the P&L as needed.
• Lead and close-out any existing recovery audit efforts (e.g. Broniec) and ensure that recovery is complete and recorded properly in the right GLs.
• Assist in reviewing and posting monthly AP transactions, ensuring accuracy and completeness in terms of amounts, documentations, SoD and other controls compliance.
• Review and improve all AP processes relating to recurring invoices (such as utilities, rent, courier, and other corporate charges managed centrally by the shared services team).
• Work with other Accounting groups to accurately and timely close Accounts Payable per the established close schedule. Ensure certain general ledger accounts are reconciled and accounted for to maintain the integrity of the financial statements.

• Identify and present solutions to the AP and Shared services leadership, for continuous process improvement opportunities.
• Support the monitoring and execution of internal control procedures to ensure confidential records and company assets are adequately protected.
• Support in maintaining all AP procedural controls to ensure that sufficient evidence is in place and is monitored/tracked in order to adhere to corporate policies.
• Validate and report on all key performance indicators for AP team to Senior Management, for all established process benchmarks.
• Support continuous improvement through automating manual processes to drive efficiencies.
• Assist with internal and external audit & ad-hoc requests as required.
• Work with team to support any escalations from vendors and internal Partners.
• Leverage systems to support the core AP Team with inquiries related to vendor accounts.
• Support ad-hoc ancillary tasks as needed.

• Provide mentorship and guidance to the team and ensure team members meet reconciliation and audit deadlines.
• Foster teamwork and communication within and across organizational boundaries.
• Support staff training as required.

• Comprehensive…