Manager Expense Accounting

Confidential Company  •  Boston, MA

8 - 10 years experience  •  Accounting, Finance & Insurance

$120K - $130K
Posted on 07/04/18
Confidential Company
Boston, MA
8 - 10 years experience
Accounting, Finance & Insurance
$120K - $130K
Posted on 07/04/18

Position located in the financial district.

Banking experience is ideal.

Manager * Expense Accounting

Knowledge and Experience

* Bachelor's degree and a minimum of 7 years of job-related experience.

* Strong experience with Accounting and Procure-to-Pay applications.

* Solid understanding and knowledge of the administration of discretionary expenditures, travel, and

procurement policies.

* Sufficient knowledge of financial accounting principles and internal controls.

* Three to five years of experience in leading and managing a team.

* Strong analytical, communication (both written and oral) and organizational skills.

* High stakeholder focus.

Job Summary

This position is primarily responsible for managing the accounts payable function including related processes such as accruals and accounts receivable; overseeing the formulation and administration of policies relating to discretionary expenditures and travel; performing a key role in the Procure-to-Pay cycle; and ensuring compliance with local Federal Reserve Bank (Bank) and Federal Reserve System (System) requirements.

Principal Accountabilities

1. Overall day-to-day management of the accounts payable function and related processes.

2. Manage the coordination and timely recording of accounts receivable, accruals, tenant and dining room billings, travel vouchers, credit card payments, as well as general ledger processing and control.

3. Ensure the timely and accurate processing of accounts payable through coordination with the system centralized payment processor.

4. Review Bank's operating expenditures to ensure compliance with local and System procurement policies, discretionary expenditure policies, and accounting policies.

5. Ensure that daily, monthly, and year to date expense balances are accurate and agree with management reports.

6. Oversee the timely and accurate preparation and recording of general ledger entries.

7. Ensure that account reconcilements are completed for all general ledger accounts in a timely and accurate manner.

8. Lead the testing and implementation of new automated systems and enhancements to existing expense accounting systems, procure to pay systems, and ensure proper training to Department and Bank staff.

9. Facilitate enhanced management information reporting, and coordinate strategic and process improvement initiatives with minimal supervision and guidance.

10. Review and evaluate Bank and System wide discretionary, travel and expense related policies and facilitate changes as necessary.

11. Oversee the Bank's travel program, including coordination with the Bank's travel agent and the system centralized payment processor.

12. Proactive reach-out to stakeholders to identify solutions relating to areas under management.

13. Effectively coordinate with other teams in Accounting, Procurement, and Financial Planning & Analysis (i.e. Financial Management Division).

14. Facilitate Bank wide education and training concerning discretionary and travel expenditures, Procure-to-pay initiatives, etc.

15. Represent the Bank on various workgroups tasked with Bank and System initiatives.

16. Supervise, train and develop staff, and participate in the Performance Management process.

17. Proactively lead the automation of manual processes and drive system efficiencies.

18. Serve as a key contact for internal and external audits.

Perform other duties as assigned.

Supervision

This position is required to directly supervise up to four employees.

Knowledge and Experience

* Completion of at least a Bachelor's degree and a minimum of 7 years of job-related experience.

* Strong experience with Accounting and Procure-to-Pay applications.

* Solid understanding and knowledge of the administration of discretionary expenditures, travel, and

procurement policies.

* Sufficient knowledge of financial accounting principles and internal controls.

* Three to five years of experience in leading and managing a team.

* Strong analytical, communication (both written and oral) and organizational skills.

* High stakeholder focus.

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