Accounts Payable Lead

Universal Instruments, Inc.; New York (NY); On-site; USD 60,000 - 65,000; Full time

Job summary

A leading company in advanced automation assembly equipment seeks an Accounts Payable Lead to oversee expense report processing and supplier payments. This role involves financial analysis, process improvement, and collaboration with various departments to enhance efficiency. Ideal candidates will have a strong accounting background and problem-solving skills.

Benefits

Robust Benefits

Qualifications

• 2-3 years of related experience or 4-6 years with Associate's Degree.
• 7-9 years directly related experience with on-the-job training.

Responsibilities

• Leads employee expense report processing and supplier payment processes.
• Identifies potential transactional problems through financial analysis.
• Assists in process improvement initiatives including SAP processes.

Skills

Problem Solving

Education

Bachelor's Degree in Accounting

Associate's Degree

Job description

Accounts Payable Lead

Universal Instruments is a global leader in the design and manufacture of advanced automation assembly equipment. Our solutions are used to build some of today's most advanced electronic products. Universal Instruments is a cost effective enabler of the fast-moving electronics industry road map. From cell phones, tablets or advanced computing platforms, 5G infrastructure, internet of things, cloud computing and storage as well as wearable's, sensors, MEMS, industrial, automotive, military and medical applications, our innovative solutions play an integral role in driving the future of technology!

Summary:

Leads activities associated with employee expense report processing, and supplier payment processes. Also oversees the 1099 Vendor Qualification and Sales Tax process. Obtains a thorough understanding of the company's business processes and financial policies or guidelines and recommendations for improvement, promoting behavior that is both profitable and in support of the company's Critical Success Factors and goals.

Principal Accountabilities:

• Reconciles the prepayments account, the GRIR and prepares monthly journal entries.
• Works closely with Purchasing, Receiving and other areas regarding the timely processing of supplier invoices to ensure prompt payment.
• Identifies potential transactional problems or process issues through financial and operational analysis.
• Using proven TCT/FPY techniques, performs necessary research, identifies barriers, recommends barrier removal alternatives and communicates assessment of issues to management.
• Assists in process improvement initiatives including but not limited to; SAP processes, Corporate Financial Services projects, audit or control issues, etc.
• Proactively challenges finance processes to influence and implement changes that result in increased efficiencies and effectiveness, through automation or other means.
• Analyzes and resolves work problems and assists employees in solving work-related problems.
• Performs other job-related duties as required.

Minimum Requirements:

• Bachelor's Degree in Accounting, Finance or a related field plus two to three years of related experience, OR Associate's Degree and four to six years related experience OR seven to nine years directly related experience and on-the-job training in the accounting field, including accounts payable.
• A solid understanding of problem solving techniques is also a requirement.

Responsibility for Quality Procedures or Direct Product Quality:

• Adheres to Universal Quality System policies and procedures and uses Total Cycle Time principles and standard problem solving tools to continuously improve work processes.

Physical Demands:

• Requires the ability to use a computer on a frequent basis.
• Remaining stationary for extended periods and needs to be mobile enough to navigate through work areas.
• Requires the ability to communicate clearly with colleagues and in giving presentations.
• The ability to travel to Universal sites or professional conferences may occasionally be required.

Universal Instruments is an EOE/M/F/Vet/Disabled employer.

Target Annual Pay Rate: $60,500 - $65,000 + Robust Benefits