Accounts Payable Analyst

Simfoni Overview

Simfoni creates a competitive advantage for its customers through deployment of advanced Spend Analytics, eSourcing, scenario-based award optimization, and Spend Automation. Our products are each ranked in the top 3 of their respective segment and collectively provide a unique suite solution that is unmatched by competitors. Our Artificial Intelligence technology has disrupted the traditional methods of performing spend analysis and eSourcing. This power and automation enable a full savings lifecycle for identifying, booking, and tracking sourcing results. We are an entrepreneurial enterprise, which means that we think and act in a dynamic and agile fashion to respond quickly to opportunities and market demand. We have recently closed our Series B funding to invest in growth for the US market. Simfoni is seeking an experienced and innovative Head of Product to join our team and help us build the next generation ML-powered product in the procurement technology industry. The role involves managing 4 Product Managers to ensure consistency and best practice deployment across all the Simfoni product suite.

Role Responsibilities

We are seeking a detail-oriented and highly organized Accounts Payable Analyst to join our finance team. The primary responsibility of the Accounts Payable Analyst is to ensure accurate and timely processing of all vendor invoices and payments. The successful candidate will be responsible for maintaining vendor accounts, reconciling statements, resolving payment discrepancies, and assisting with month-end closing activities. The Accounts Payable Analyst will collaborate with cross-functional teams to ensure smooth operations and provide support to the finance department as needed.

• Invoice Processing: Process vendor invoices accurately and in a timely manner, ensuring adherence to company policies and procedures. Verify invoice details, match them with purchase orders and receipts, and obtain necessary approvals for payment.

• Payment Processing: Prepare and process vendor payments, including checks, ACH payments, and wire transfers. Maintain accurate records of payments and ensure they are properly allocated to the appropriate vendor accounts.

• Vendor Management: Maintain vendor accounts, including updating vendor information, resolving discrepancies, and addressing vendor inquiries or issues. Ensure vendor documentation is complete and up-to-date.

• Reconciliation: Perform regular reconciliation of vendor statements to ensure accuracy and resolve any discrepancies or outstanding balances. Collaborate with vendors to address any payment discrepancies or issues in a timely manner.

• Month-End Closing: Assist with month-end closing activities, including preparing accruals, reconciling accounts payable balances, and generating reports for management review.

• Compliance: Ensure compliance with company policies, accounting principles, and legal requirements. Stay updated with changes in regulations and industry best practices related to accounts payable processes.

• Process Improvement: Identify opportunities for process improvements and implement effective solutions to streamline the accounts payable process. Proactively suggest and implement automation tools or software to enhance efficiency and accuracy.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field
• 3-5 years work experience as an Accounts Payable Analyst or in a similar role
• Strong knowledge of accounts payable principles, practices, and procedures
• Proficiency in accounting software (NetSuite, Quickbooks) and MS Office applications, especially Excel.
• Excellent attention to detail and accuracy
• Strong analytical and problem-solving skills
• Ability to work independently and collaboratively in a team environment
• Excellent communication and interpersonal skills
• Ability to meet deadlines and work under pressure.

Above all, we value aptitude and the willingness to learn.