Accounts Payable Specialist

Posted 5 Hours Ago
Be an Early Applicant
Chicago, IL
Hybrid
60K-93K Annually
Junior
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role
The Accounts Payable Specialist is responsible for managing financial transactions, ensuring accurate reporting and compliance, auditing expense reports, and maintaining vendor relationships. This role involves collaborating with internal teams on procurement processes and addressing customer inquiries related to accounts payable.
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

  • Responsible for engaging with with business partners to understand transactions and activities. Ensures reports and transactional information is accurate for financial reporting, accounting records, inclusion in filings, and payments. Completes control activities in support of accurate books and records.
  • Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.


Concur Expense Audit

  • Audit & approve expense reports on a daily basis, verifying accuracy, justification, and required documentation to ensure employee reimbursement requests are in compliance with company policies.
  • Provide informal training as needed and offer continuous improvement ideas to system functionality.
  • Ad Hoc projects as assigned or Concur Reporting as requested.


Vendor Setup & Update

  • Non-Zip vendor creations in Oracle, including legal settlement vendor setups, merchant, and death benefit vendors that're not going through Zip flows.
  • Monthly reviewing Legal settlement payments to complete Plaintiffs information, run Tin Matching, follow up with legal team for tin mismatching.
  • Performing daily Supplier Update Audit Report
  • Reviewing ACH Bank notification report weekly and submitting Vendor update request to correct banking information.


Vendor and Customer Service Relationships

  • Answer employee questions related to expense reimbursement and invoice matters, including approval levels, documentation requirements and payment status.
  • Respond to Yammer or emails directly from the employee or supplier requesting information, 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.


Sox / Audit / Compliance:

  • Understand all AP Sox Controls.
  • Execute daily responsibilities in accordance with these controls.
  • 3Assist Internal and External Audit departments in research as appropriate.


How You'll Do It

  • Ensures timely completion of transactional procurement to payment activities from requisition to disbursement. Gathers relevant supporting details from source reports and business partners. Identifies the root cause of issues and the appropriate resolutions.
  • Manages the flow of transactions through various internal and external systems. Supports system testing efforts, trouble shooting, and requirements gathering activities. Ensures the accuracy and integrity of information entered into the procurement to payment systems. Ensures transactions are appropriately reflected.
  • Identifies and implements control improvements and process efficiencies. Supports automations, cost reduction opportunities, system enhancements, and collaboration efforts.
  • Provides support and education to internal customers on processes, policies, and controls. Participates in cross-functional teams to support the advancement of priorities in areas of responsibility, new business initiatives, and resolution of production events.
  • Provides financial reporting, audits, and compliance to satisfy requests.


Qualifications You'll Need
The Basics

  • Bachelors Degree in Business Administration and Management, Accounting, Finance, or related
  • 1+ years of experience in Business, Accounting, Finance, or related
  • In Lieu of Education 4+ years of experience in Business, Accounting, 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

  • 2+ years of experience in Business, Accounting, Finance, or related
  • Accounts Payable, P2P, or related Certification


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 Jan-27-2025. 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
  • STD, Life, LTD and AD&D
  • 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.

Top Skills

Concur
Oracle

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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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Employees engage in a combination of remote and on-site work.

Typical time on-site: Flexible
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