Accounts Payable Associate

Ford Foundation
Published
September 30, 2024
Location
320 E 43rd Street, New York, NY
Category
Finance  
Job Type

Description

SUMMARY DESCRIPTION:

 

The Financial Services department seeks a new Accounts Payable Associate to join their team. Reporting to the Controller, the Associate primarily manages the payables relationship with all vendors, grantees, consultants and employees in accordance with the Foundation’s policies and regulatory requirements.

 

They ensure invoices and expenses are processed and recorded in accordance with Foundation policies and GAAP.  The Associate manages the monthly and year accrual process across all areas of the Foundation, and they are responsible for ensuring IRS tax forms are submitted and filed for vendors and consultants. The Associate provides both internal and external customer service in a timely and cost effective manner.

 

RESPONSIBILITIES:

  • Manages all NY and global invoices related to contracts, purchase orders and non purchase orders, and reviews for compliance and tax reporting classification and withholding requirements.
  • Ensures approval of expenses by the individuals with appropriate delegated authority.
  • Resolves account disagreements with the vendors and internal staff.
  • Trains and provides Workday support to users for the creation of invoice requests and supplier records.
  • Manages financial relationship with onsite caterer and events manager.
  • Works across Foundation, including with global staff, to ensure expenses are reported in accordance with GAAP.
  • Ensures year-end 1099 and 1042 tax forms are filed and submitted.
  • Validates SSN and ETIN information with the IRS.
  • Assesses validity of amounts to be reported.
  • Responds to internal and external inquiries, and researches and resolves issues and discrepancies on a timely basis.
  • Performs exception analysis to identify unusual transactions requiring further investigation, and coordinates with the Legal Department to resolve such occurrences prior to payment.
  • Prepares journal entries including adjusting journal entries needed for resolution in budget coding support activities.
  • Creates documentation for Workday users regarding creation of invoices, supplier records, registration process.
  • Identifies process inefficiencies and formulates solutions.
  • Reviews all NY and global suppliers and verifies documentation such as W9/W8/banking information.
  • Prepares monthly reconciliations for liability accounts on the balance sheet.
  • Acts as backup for reviewing/approving expense reports in CONCUR and entering invoices for regional offices.
  • Creates contract and amendment requests for the Financial Services Department.
  • Assists Treasury Unit, General Accounting and Investment Accounting with ad-hoc projects.
  • Prepares and submits prepaid expense amortization schedules.
  • Reviews daily report of vendors “designated persons list” and verify information for individuals listed - OFAC list.
  • Reviews listing of open contracts and follows up with relevant units for next steps.

 

QUALIFICATIONS:

  • A minimum of 4 years of relevant work experience.
  • Bachelor's degree in accounting or related field, or relevant and equivalent experience.
  • Knowledge and understanding of accounting concepts.
  • Proficiency in Excel.
  • Outstanding verbal and written communication skills and able to effectively communicate with colleagues across departments and offices.
  • Recent experience utilizing either accounting or finance and Excel report skills.
  • Strong organizational skills and able to work well in a collegial team environment.
  • Strong technical skills, credibility, integrity and high standards of professional conduct.
  • Knowledge of Concur preferred.

 

PHYSICAL REQUIREMENTS 

This position is primarily a sedentary role. However, the person in this position may need to occasionally move about inside the office to liaise with internal staff, access files, office machinery and a copy machine/printer.

 

The Ford Foundation is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment, its programs, and operations. As part of this commitment, the Foundation will ensure that persons with disabilities are provided reasonable accommodations. If a reasonable accommodation is needed to participate in the job application process, please contact, [email protected].

 

SALARY: The Ford Foundation is committed to practicing salary transparency. The minimum salary for this position is $96,000 and the maximum is $105,000. It is not typical for an individual to be hired at or near the top of this range. The final offer is determined by a candidate’s relevant experience and our commitment to internal equity. We review global compensation on a regular basis to ensure market competitiveness and equity. The hiring range for this position has been carefully crafted in alignment with the market.

 

LOCATION: This position is based in the foundation’s New York office. We operate in a hybrid model and require staff to be in the office three days per week.

 

This position is not eligible for employment visa sponsorship now or in the future. All candidates must be legally authorized to work in the U.S.