Accounts Payable Specialist processing invoices and employee expenses for EMEA entities within a fast - paced environment. Ensuring compliance with VAT and WHT rates in invoice processing.
About the role
- Accounts Payable Analyst managing procurement to payment services for Labcorp's finance division. Working across teams to resolve escalations and streamline processes within accounting and finance.
Responsibilities
- This position works within the Accounts Payable (AP) and Travel Expense (T&E) modules to manage and support overall function and streamline business processes related to Procurement to Payment services performed by both onshore and offshore AP and Card Services teams.
- This position will assist with validating the Standard Operating Procedures followed by the AP and Card Services teams, both, onshore and offshore, as well as ensuring business unit compliance with Labcorp Procure to Pay, T&E and purchase card policies and procedures.
- Position is responsible for resolving escalations from the offshore AP team by working with the relevant Labcorp business units and for providing feedback and training to these business units to mitigate future APrework.
- Position is responsible for resolving escalations and inquiries from the Card Services stakeholders and for providing feedback and training when necessary to these stakeholders.
- Perform business support processes for the credit card programs, including card set up and administration, auditing, compliance, and card holder support.
- Ensure that credit card transactions are approved and oversee credit card program spend relative to the established rebate threshold amounts.
- Work with Bank and card holders from around the company to provide client service internally regarding any ad hoc credit card requests or queries, and resolve issues as needed.
- Responsible for following and maintaining global standard processes for the Procure to Pay business flow, with ownership of judgement-based activities including the virtual card program, vendor statement exception research, 1099 reporting, and escheating activities.
- Responsible for validating Procure to Pay Standard Operating Procedures (SOPs) used by offshore AP team.
- Identify, analyze, and resolve complex and escalated Procure to Pay transactions from the offshore AP team, which cannot be paid due to an existing issue.
- Partner with relevant finance & business leaders to address issues that arise within the Procure to Pay cycle through regular interaction.
- Make recommendations for improvements in processes and/or quality of information reported and assist with implementation of action plans.
- Perform other related duties or special projects as assigned.
Requirements
- 5+ years of business experience within Accounting or Finance with increasing responsibility
- Previous experience with ERP system (PeopleSoft/Oracle Accounts Payable and or Purchasing applications preferred)
- Experience with PeopleSoft/Oracle Vendors module
- Adhere to a pro-active approach, with the ability to problem solve, and interact professionally with internal and external clients to meet everyone’s needs in an effective and timely manner
- Demonstrate ability to plan, multi-task and prioritize
- Proficient in Excel, Word, and PowerPoint (intermediate level)
- Attention to details and ability to interpret complex financial and technical information
- Technical competencies and experience with various ERPs, reporting and automation software and tools
- Lean Six Sigma, Kaizen or other lean/process improvement methodologies knowledge
- Strong accounting and economics knowledgebase
- Master`s Degree in Finance or Accounting
- ACCA/CIMA or other accounting and finance qualifications will be advantage
Benefits
- Work-life balance : At Labcorp, you can manage your work-life balance with their employee-friendly leave policy and enjoy dedicated time with your friends and family.
- Training & development : Labcorp offers developmental training in self-paced, virtual, and live-in-person formats to help grow your career. The company aims to help improve your cultural awareness, offer valuable global insights and help you develop a strong global mindset.
- Labcorp increases employee engagement, encouraging cross-team connections and creating a culture of mentorship throughout the organization.
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