Job Information
Federal Reserve System Manager, Accounts Payable in Minneapolis, Minnesota
Company
Federal Reserve Bank of Minneapolis
Are you interested in growing within a dynamic and respected organization that values work-life balance and offers comprehensive benefits? If so, the Federal Reserve Bank of Minneapolis has the perfect opportunity for you. The Financial Support Office (FSO) Financial Management Shared Services Center (FMSSC) team is seeking highly motived and experienced Accounts Payable Manager to join our team.
The Accounts Payable Manager, as part of our End-to-End Accounts Payable Shared Service team, oversees and provides work direction to Accounts Payable staff. This role ensures accuracy, compliance, and efficiency in End-to-End Accounts Payable (AP E2E) scope of work. Additionally, will also be responsible for maintaining and enforcing policies and procedures, driving process improvements, and managing relationships with business partners.
The role will include a high degree of decision-making, executive visibility, business partner collaboration, advanced analysis, and support of strategic initiatives.
This position is not a remote position. The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person.
This is a hybrid position and onsite work is an essential function of this position, and you are expected to be in the office at least 3 days per week for meetings and team collaboration, unless directed otherwise by your supervisor.
Leadership and Staff Management:
Develop, motivate, and evaluate performance of staff, which includes supervising staff to identify developmental assignments and training opportunities, working with individuals on their career goals, delegating responsibilities, providing timely feedback, and evaluating performance.
Play a key role in the full cycle of employment matters, including but not limited to those involving hiring, retention and performance optimization, salary recommendations, and decisions related to the termination of employment, as well as the documentation of these matters.
End-to-End Accounts Payable Operations:
Oversee End-to-End Accounts Payable which may include processing in areas of Discretionary, Purchasing Card, Non-PO invoices.
Develop and monitor key metrics to drive performance.
Manage the design, development, and production of management reporting to all levels of management, including but not limited to audit responses, compliance reports, work related analysis, and others as assigned.
Provide assistance to Accounts Payable staff and respond to customer inquiries to meet FRS business needs.
Approve journal entries, account reconciliations, and other documents. Ensure transactions are recorded accurately, timely and in compliance with internal controls, policies, and procedures. Ensure all transactions have proper approvals.
Collaborate with employees, other departments, and vendors to research, analyze and resolve complex issues.
Manage, train, and motivate employees in routine and complex processes.
Participate in the development, implementation and maintenance of systems, and procedures and policies to ensure adherence to FRS guidelines and policies. Includes interpreting Bank policies and implements best practices to achieve overall department objectives.
Stakeholder Management:
Build and maintain relationships with internal and external stakeholders, resolving any issues or inquiries promptly.
Collaborate with internal business partners, such as procurement, to enhance efficiency and provide support with accounts payable processing or reporting.
Leads analysis, prepare and present End-to-End Accounts Payable metrics and reports to stakeholders.
Continuous Improvement:
Identify and recommend changes in methods or procedures to improve efficiency of the department, including leveraging technology to automate processes.
Identify and recommend the creative development of innovative solutions to streamline the policies and procedures to improve the efficiency of the department.
Qualifications:
Associate degree in accounting, finance, or related fields, and 9 years of related experience. Experience should include managing professional staff; interaction with multiple levels of management; and accounting processes and requirements OR
Bachelor's degree in accounting, finance, or related fields, and 7 years of related experience. Experience should include managing professional staff; interaction with multiple levels of management; and accounting processes and requirements OR
Master's degree in accounting, finance, or related fields, and 5 years of related experience. Experience should include managing professional staff; interaction with multiple levels of management; and accounting processes and requirements.
In addition to meeting one of the above required education and years of relevant work experience, the following are desired:
Previous experience with data analytics, mining, and visualization.
Previous project management experience.
Intermediate experience in MS Excel, Word, Visio, and PowerPoint.
Experience with Workday and Ariba or similar.
Additionally, the following qualities and abilities will support success in this role:
Ability to establish and maintain an effective working relationship with subordinates and all levels of management.
Accountable, responsible and meets deadlines.
Ability to handle stress, pressure, and work in a fast-paced environment.
Ability to assimilate and apply new information quickly.
Demonstrates openness to change, flexibility and adaptability.
Demonstrates analytical and systematic approach to problem solving.
Demonstrates aptitude to leverage relevant technology and software applications.
Excellent interpersonal skill and customer service skills.
Excellent attention to detail.
Strong communication skills (presentation, verbal, written) with all individuals, including higher level management.
Strong planning and organizational skills to balance and prioritize work.
Must be able to take initiative and problem solve with minimum direction.
Team oriented person who can focus both on the details and the "big picture".
Additional Information:
Minneapolis Full Salary Range : $111,300- $139,082- $166,900
Salary offer will be based on the location, qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical, Dental, and Vision)
401(k) match, and a fully funded pension plan
Paid time off and holidays
Generously subsidized public transportation
Annual educational assistance
On-site fitness facility
Professional development programs, training, and conferences
And more…
The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists (https://www.minneapolisfed.org/about-us/careers/job-profiles) , we work together to represent you in our economy.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Accounting/Finance
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.