Budget and Accounts Payable Manager
22 hours ago
Focal Tech Inc is looking for a Senior Financial Operations Specialist to support with budget control and accounts payable activities. The ideal candidate will have 3-5 years of experience in finance or accounting roles, preferably within a fintech or technology context.
Key Responsibilities:
- Taxonomy Development: Collaborate with department leads to finalize standardized categories (e.g., Tech, Marketing, Operations). Ensure each category has clearly documented definitions and aligns with financial reporting requirements.
- Budget and PO Mapping: Collect all open purchase orders and invoices from relevant teams. Convert legacy or ad-hoc categorizations into the new taxonomy. Validate data integrity and confirm correct budget lines for each PO.
- Accounts Payable: Oversee the end-to-end accounts payable cycle, from invoice receipt and verification to payment scheduling and reconciliation. Coordinate with vendors and internal stakeholders to resolve invoice discrepancies, maintain AP aging, and ensure timely and accurate payments.
- Excel Tool Creation: Design and build an Excel workbook that automatically summarizes each budget line, including PR balance, PO balance, and actual costs. Updates available budget by subtracting encumbrances (PR + PO) and actual spend. Flags potential budget overruns or variances.
- Analysis and Reporting and Cost Control: Periodically present budget utilization reports, highlight variances or risks, and propose corrective actions. Identify cost-drivers and monitor ongoing spend against targets, recommending cost-saving measures where appropriate.
- Process Improvement: Recommend workflow optimizations—for instance, linking the Excel tool to purchase order systems for real-time updates. Document processes to ensure knowledge transfer once the contract ends.
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Procurement and Accounts Payable Manager
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Accounts Payable Supervisor
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