City Of New York

Director of Accounts Payable Department

City Of New York$120K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Baccalaureate degree with 24 credits in accounting, including advanced accounting and auditing courses.
  • 4 years of accounting or auditing experience, with 18 months in a managerial role.
  • Valid New York State CPA license can substitute some experience requirements.
  • Experience must include supervising accounting or auditing staff.
  • Strong understanding of financial controls and compliance regulations.

Responsibilities

  • Support CFO by developing policies for vendor payments while ensuring financial controls.
  • Streamline procurement-to-payment processes to prevent fraud.
  • Train staff to deliver high-quality customer service to both internal and external parties.
  • Compile utility consumption data for federal subsidy reporting.
  • Oversee compliance with all relevant reporting requirements.

Benefits

  • Choice of medical coverage plans.
  • Deferred compensation plans.
  • Defined pension benefit plan as part of NYC Employees' Retirement System.
  • Opportunity to apply for positions with preferential hiring for NYCHA residents.
  • Access to the 55-a Program for qualified individuals with disabilities.
Full Job Description
As the nation's largest provider of affordable housing, the New York City Housing Authority (NYCHA) owns and operates more than 173,000 apartments across the five boroughs and over 75,000 families through federal Housing Choice Voucher subsidies. As such, the Director of Accounts Payable and Utility Management is responsible for disbursing close to $300 million in monthly payments while ensuring adequate controls to protect the Authority from fraud, waste, and abuse. Under executive direction, with the wide latitude for action, decision, exercise of judgement and applications of knowledge and experience, the Director of Accounts Payable. The Director is responsible for supervising a total of over thirty individuals to meet key payment metrics. The Accounts Payable Unit executes the routine processing steps necessary to pay an invoice or settle a payment request, while the supporting unit provides customer service to external vendors and internal program offices (e.g., vendor assistance, vendor file maintenance, timely reporting, assistance to NYCHA properties). There is also a control team within the Accounts Payable Unit that manages levies, liens/assignments, retention and escrow accounts. Primary Responsibilities: The responsibilities of the Director of Accounts Payable but are not limited to the following: -Directly support the Chief Finance Officer on vendor participate in the formation of new policies to pay vendors quicker while ensuring adequate financial controls. -Implement recommendations to streamline the existing procurement-to-payment process and protect against payment fraud. -Train staff to provide exemplary customer service to both NYCHA program offices and properties, and external contractors. -Prepare utility consumption data for the annual federal operating subsidy. -Maintain and submit necessary data, records and reports in accordance with NYCHA's records retention policies and procedures. -Ensure compliance with local, state, and federal government reporting requirements. Additional Information 1.For NYCHA employees: employees applying for promotional, title or level change opportunities must have served a period of one year at current location and in current title and level (if applicable). 2.NYCHA residents are encouraged to apply. NYCHA provides benefits that include a choice of medical coverage plans, deferred compensation plans and a defined pension benefit plan as a member of the New York City Employees' Retirement System. NOTE: IF THIS APPOINTMENT IS MADE ON A PROVISIONAL BASIS PURSUANT TO 65 OF THE NYS CIVIL SERVICE LAW, NO TENURE OR PERMANENCE ACCRUES TO AN INCUMBENT IN THIS POSITION BY VIRTUE OF SUCH APPOINTMENT. NOTE: This position is open to qualified persons with a disability who are eligible for the 55-a Program. Please indicate in your cover letter that you would like to be considered for the position under the 55-a Program. For detailed information regarding the 55-a Program, please click on the link below: https://bit.ly/55aProgram Please read this posting carefully to make certain you meet the qualification requirements before applying to this position. ADMINISTRATIVE ACCOUNTANT - 10001 Qualifications 1. A baccalaureate degree from an accredited college or university, including or supplemented by 24 semester credits in accounting, including one course each in advanced accounting and auditing, and four years of satisfactory full-time professional accounting or auditing experience, at least 18 months of which must have been in an administrative, managerial, or executive capacity or supervising a staff performing accounting or auditing work; or 2. A valid New York State Certified Public Accountant license and at least 18 months of satisfactory full-time professional accounting or auditing experience in an administrative, managerial or executive capacity or supervising a staff performing accounting or auditing work.

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