Accounts Payable Associate
Applications will be reviewed on a rolling basis. Please submit both a resume and cover letter in order to be considered.
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 Foundationโs 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 โdesignated persons listโ 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, talentacquisitionhr@fordfoundation.org.
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.
LOCATION: This position is based in the foundationโs 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.
#Li-hybrid
Alignment to Culture and Values
Commitment to the Foundationโs mission and core values of equity, openness, collaboration, trust, accountability and urgency
Personal qualities of humility, capacity for self-reflection, and a sense of humor
Discretion and ability to handle confidential issues
Action-orientated and entrepreneurial self-starter who can work well independently and in teams
Benefits
Hybrid Workplace and Flexible Work Arrangement policies
Medical and dental benefits for employee and immediate family on first day of work
Retirement savings account with matching company contributions of up to 13%
Three weeksโ paid vacation in first year of work; four weeks in subsequent years
Tuition Reimbursement
Office closed the week between Christmas and New Yearโs Day
Professional development initiatives for growth
Generous parental leave (maternal and paternal) during new childโs first year (born into family or adopted)
Equal employment opportunity and having a diverse staff are fundamental principles at The Ford Foundation, where employment and promotional opportunities are based upon individual capabilities and qualifications without regard to race, color, religion, gender, pregnancy, sexual orientation/affectional preference, age, national origin, marital status, citizenship, disability, veteran status or any other protected characteristic as established under law. The Ford Foundation does not discriminate against formerly incarcerated individuals.