Accounts Payable Accountant
Location | Cambridge, 2067 Massachusetts Avenue |
Date Posted | March 20, 2025 |
Category |
Banking / Financial / Real Estate
|
Job Type |
Full-time
|
State | Massachusetts (MA) |
Description
TERC is a nonprofit made up of teams of math and science education and research experts dedicated to innovation and creative problem solving. At the frontier of theory and practice, TERC’s work encompasses research, content and curriculum development, technology innovation, professional development, and program evaluation. TERC has a passion for social justice and strives to create level playing fields for all learners.
TERC is located in a historic factory building between Porter & Davis Square. To learn more, please visit www.terc.edu.
Summary of Duties:
As an integral part of our finance team, the Accounts Payable Accountant plays a crucial role in ensuring efficient financial operations within our organization. This position involves providing comprehensive financial, administrative, and clerical support, with a primary focus on managing payments, and maintaining accurate records within a structured, deadline-oriented department.
Specific Tasks:
Acting with general supervision performs the following:
- Review and verify invoices and expense reports for proper coding, allocation, accuracy, compliance with policies & procedures and completeness
- Match invoices to purchase orders and contracts and obtain approvals for payment
- Prepare and process payments by check, wire transfer, ACH, or credit card, ensuring timely and accurate disbursement while addressing outstanding credit issues
- Monitor accounts payable aging and flagging invoices in danger of being overdue
- Assist in month-end closing, ensuring accuracy in processed work by reconciling and verifying entries, cross-referencing system reports with balances, and resolving any discrepancies
- Maintain virtual vendor files and records
- Set up new vendors and update vendor information as needed
- Assist with year-end closing and provide supporting documents for audits
- Review and approve all non-credit card purchase order requests
- Reconcile the corporate credit card account, compile supporting documents, and submit for accounts payable processing
- Comply with company policies and procedures, and ensure adherence to accounting standards and regulations, such as GAAP, IRS, etc.
- Other duties assigned by Controller as needed
Complexity:
Requires solid knowledge of TERC’s company policies and accounting practices.
Interactions with Others:
Normally interacts with members of accounting and human resources staff to exchange information and take direction, with vendors to provide information and identify problems, with infrastructure and project staff to exchange information.
Tools and Equipment:
Proficiency in accounting software with a preference for Deltek Costpoint and/or Concur. Skilled with MS Office365. Familiarity with Mac computers.
Requirements:
- While a degree is not mandatory, a high school degree, at least 2 years’ experience in accounts payable and a foundational understanding of basic accounting principles is essential.
- A degree in finance, or accounting studies is advantageous.
- Strong attention to detail and organizational skills.
- Ability to prioritize, meet deadlines, and process a large volume of A/P vouchers.
- Ability to work in a collaborative decision-making environment.
- Ability to work independently and as part of a team.
- Strong written and oral English communication skills.
- Basic math skills.
- Strong attention to detail and good follow-through skills.
- Other duties may be assigned from time to time as necessary.
This is a full-time/non-exempt position reporting to the Controller. TERC has a hybrid work environment, with freedom to work from home when not needed on-site. Initial interviews will be conducted remotely via Zoom. When applying you will be asked to upload your resume and cover letter to: HR Apply. Salary $44,000 to $52,000 depending on experience. Must be authorized to work in the U.S. without sponsorship. No phone calls please and no recruiter or agency inquiries.
If you are a highly motivated and experienced Accounts Payable Accountant looking for a challenging and rewarding opportunity, we encourage you to apply for this position.
EEO Policy
All hiring practices, personnel actions, and benefits are administered equally, without regard to sex, race, religion, sexual orientation, gender identity, national origin, ancestry, handicap, disability, protected veteran’s status, or age. For more detail, please read our EEO Policy Statement.