Accounts Payable Financial Analyst

Job Summary: We are looking for a detail-oriented and analytical Accounts Payable Financial Analyst to join our accounting team. The ideal candidate will not only manage accounts payable processes but will also delve into data analysis, ensuring financial accuracy and supporting strategic decision-making. This role demands a strong ability to analyze financial data, reconcile discrepancies, and provide actionable insights to enhance our financial operations. Key Analytical Responsibilities: Data Analysis: Conduct in-depth analysis of accounting data to identify trends, anomalies, and opportunities for process improvements. Financial Reporting: Prepare and present detailed financial reports on vendor expenditures, payment cycles, and cash flow impacts to senior management. Reconciliation: Regularly reconcile accounts payable balances with general ledger accounts to ensure accuracy and integrity of financial records. Process Optimization: Analyze current accounts payable processes to identify inefficiencies and recommend strategies for streamlining and enhancing accuracy. Risk Assessment: Evaluate the financial health of customers & contractors. Compliance Monitoring: Ensure all payments comply with internal policies and external regulations, analyzing any discrepancies for potential compliance risks. Budget Support: Assist in the preparation of accounts payable budgets by analyzing historical data and forecasting future expenditures. Key Accounts Payable Responsibilities: Vendor Management: Maintain accurate vendor information in accounting software including contact details, banking information, and tax IDs. Invoice Review: Review vendor invoices for accuracy, ensuring they are addressed to the correct company and reflect accurate financial details. Project Coding: Circulate vendor invoices for proper project coding and secure necessary approvals. Payment Processing: Input invoices into WinTeam daily and ensure timely and accurate payment processing. Disbursement Coordination: Lead weekly disbursement meetings with Agency, IT, Office Management, and the Finance Director to review and coordinate vendor payments. Bank Transactions: Execute weekly payments through the bank and ensure they are accurately recorded in accounting software. Vendor Relations: Request and review monthly statements of accounts from vendors, following up on any discrepancies or missing invoices to maintain strong vendor relationships. End-of-Year Reporting: Manage the end-of-year 1099 process, ensuring all vendor payments are accurately reported. Administrative: Respond promptly to internal and external emails and maintain organized vendor payment files. Job Type: Full-time Salary: $60,000.00 to $70,000.00 per year Benefits: 401(k) with matching Dental insurance Health insurance Life insurance Paid time off Vision insurance Bonus Pay Schedule: Monday to Friday (9am to 5pm) Bachelors Degree in Accounting, Finance, or a related discipline. 2+ years of experience in accounts payable or financial analysis. Proficient in Microsoft Excel, with strong data analysis skills. Excellent attention to detail with the ability to identify trends and anomalies in financial data. Strong organizational abilities with the capacity to manage multiple tasks and deadlines. Effective corporate communication skills, both written and verbal. Ability to consistently meet deadlines and work effectively under pressure.