Accounts Payable Analyst

Posted Yesterday
Be an Early Applicant
Chicago, IL
60K-93K Annually
Mid level
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role
The Accounts Payable Analyst manages financial records by computing, classifying, and recording numerical data. Responsibilities include processing payments, verifying transactions, supporting audit and compliance activities, and ensuring accurate financial reporting. The role involves working with internal systems and cross-functional teams to implement process improvements and handle customer inquiries.
Summary Generated by Built In

Discover. A brighter future.
With us, you'll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it - we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.
Job Description:
What You'll Do

  • Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
  • Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
  • Role will focus on a specific business activity or subset of activities.
  • Work with business partners to understand transactions and activities.
  • Ensure that reports and transactional information is appropriate support for financial reporting.
  • Completion of control activities in support of accurate books and records.
  • Apply limited judgement for the appropriate application of Corporate Policy, GAAP ,or Regulation and in decision-making or problem resolution.
  • Requires managerial guidance or support in day-to-day responsibilities.
  • Ensure compliance with corporate and department policies and procedures in performing responsibilities.
  • Represent role in cross-functional teams to support the advancement of priorities in areas of responsibility, new business initiatives and/or resolution of production events.
  • Manage transaction flow through various internal systems as well as support related system testing efforts.
  • Provide financial reporting, audit, and compliance support.
  • Impact business operations
  • Identifies and implements control improvements and process efficiencies.
  • Supports automations, cost reduction opportunities, system enhancements, and collaboration efforts.


How You'll Do it

  • Operate computers programmed with accounting software to record, store, and analyze information.
  • Check figures, postings, and documents for correct entry, mathematical accuracy, and proper codes.
  • Comply with federal, state, and company policies, procedures, and regulations.
  • Operate 10-key calculators, typewriters, and copy machines to perform calculations and produce documents.
  • Receive, record, and bank cash, checks, and vouchers.
  • Oracle: Perform all assigned tasks according to established department SLAs. Ensure the invoices processed via IDR submission are accurately captured and in compliance with department procedure. Tasks include but not limited to correct IDR exceptions as presented, manage all Oracle A/P exception queues, clear daily A/P system error logs and and take action on any applicable Oracle reports as needed on a regular basis. Process invoice upload files as presented.
  • Payments Process: Process payments for suppliers and employee reimbursements. Utilize OPF Wire transfers tool to issue foreign payments. Bank Statements Reconciliation: Work with the Accounting Team on the reconciliation of wire transactions as well as ACH returns. Work with Treasury on returns and reprocessing of Wire Transfers.
  • Customer Service Support: Answer employee or supplier questions received via shared email boxes. Maintain a professional attitude when interacting with internal and external customers in a manner that conforms to departmental standards. Maintain a working knowledge of departmental and company accounting policies and procedures and be able to apply this knowledge to daily activities.


Qualifications You'll Need
The Basics

  • Associates Degree in Finance or related


Physical and Cognitive Requirements
The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

  • Primarily move about the work environment.
  • No required movement about the work environment to complete the major responsibilities of the job.
  • Primarily performed indoors in an office setting.
  • Ability to communicate verbally.; Ability to communicate in written form.


Bonus Points If You Have

  • 4 - 6 years of work experience in Accounts Payable functions
  • Knowledge and Experience with Oracle (or similar A/P application)
  • Knowledge and Experience with invoice imaging and workflow systems
  • Experience working as a member of a project team
  • Advanced Microsoft Office Skills (i.e. Excel, Word)
  • Ability to analyze large amounts of data and present in a meaningful way
  • Excellent Communication and Customer Service Skills
  • Superior Verbal and Written communication skills


Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.
#LI-EB1
Application Deadline:
The application window for this position is anticipated to close on Feb-08-2025. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $60,000.00 to $93,200.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:

  • Paid Parental Leave
  • Paid Time Off
  • 401(k) Plan
  • Medical, Dental, Vision, & Health Savings Account
  • Short and Long Term Disability, Life, and Accidental Death & Dismemberment insurances
  • Recognition Program
  • Education Assistance
  • Commuter Benefits
  • Family Support Programs
  • Employee Stock Purchase Plan


Learn more at mydiscoverbenefits.com .
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.
At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant's qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance ( LA County Fair Chance ).
Applicants must be 18 or older at the time of hire.

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The Company
HQ: Riverwoods, IL
18,000 Employees
Hybrid Workplace
Year Founded: 1986

What We Do

Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service. We support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.

Why Work With Us

You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.

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