Processes payable invoices, initiates payments, manages complex vendor disputes, prepares settlement runs, verifies funding, codes expenses, administers bank accounts, oversees payment programs, reconciles payments, and may mentor team members.
Overview
Job Description
- The Accounts Payable 3 is responsible for the timely processing of payable invoices and payment initiation. This position will manage the development expansion and enhancement of external accounts payable payment programs as well as bank accounts.
Responsibilities
- Manage complex accounts payable correspondence including vendor and internal department requests including high dollar dispute requests and difficult correspondence
- Manage complex high dollar contested payable invoices through communication with the vendor and internal departments
- Prepare and process daily settlement runs and ensure sufficient funding is available
- Analyze and record the proper coding and reclassification of accounts payable expenses including payable invoices ad hoc payments procurement card transactions purchase orders travel & expense reimbursements Use/VAT tax allocation and prepaid expenses
- Manage bank account procedures such as administration of the bank platform setup of new bank accounts and payment returns
- Manage external accounts payable payment programs including vendor enrollment processing issues and reconciliation of unprocessed payments
- May mentor train and coach other team members
Minimum Qualifications
- Bachelor’s Degree in Accounting
- Proficient in Microsoft Windows and Office
- Proficient in Microsoft Excel
- Self-directed with the ability to manage projects to completion
- Able to thrive in a flexible fast-paced environment
- Good oral and written communications skills that demonstrate a professional demeanor and the ability to interact with others with discretion and tact
- Demonstrated ability to handle sensitive information with discretion and tact
- Detail oriented; regularly verifies all work thoroughly and efficiently to ensure accuracy
- Dedicated to the success of the team and driven to learn and stay current professionally
- Or an equivalent combination of education and experience sufficient to successfully perform the principal duties of the job
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What you need to know about the Boston Tech Scene
Boston is a powerhouse for technology innovation thanks to world-class research universities like MIT and Harvard and a robust pipeline of venture capital investment. Host to the first telephone call and one of the first general-purpose computers ever put into use, Boston is now a hub for biotechnology, robotics and artificial intelligence — though it’s also home to several B2B software giants. So it’s no surprise that the city consistently ranks among the greatest startup ecosystems in the world.
Key Facts About Boston Tech
- Number of Tech Workers: 269,000; 9.4% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Thermo Fisher Scientific, Toast, Klaviyo, HubSpot, DraftKings
- Key Industries: Artificial intelligence, biotechnology, robotics, software, aerospace
- Funding Landscape: $15.7 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Summit Partners, Volition Capital, Bain Capital Ventures, MassVentures, Highland Capital Partners
- Research Centers and Universities: MIT, Harvard University, Boston College, Tufts University, Boston University, Northeastern University, Smithsonian Astrophysical Observatory, National Bureau of Economic Research, Broad Institute, Lowell Center for Space Science & Technology, National Emerging Infectious Diseases Laboratories
