Accounts Payable-Receivable

COMPANY NAME: POWER CHANGES LIVES

Position:  Accounts Payable/Receivable (Finance)

Job Site: Remote 

About POWER CHANGES LIVES: 

Power Changes Lives is a 501(c)(3) non-profit organization dedicated to empowering low-income, minority, and underserved communities. Our mission focuses on providing support and sustainable solutions to eliminate disparities in various sectors such as aging, education, family wellness, food insecurity, homelessness, housing, social justice, and reform.

Position Overview: 

Reporting to the Finance Manager, the Accounts Payable/Receivable Specialist will play an essential role in managing the accounts payable and receivable functions. This role ensures accurate and efficient financial transactions, supporting the organization's mission to create sustainable futures for the communities we serve.

Key Responsibilities: 

Accounts Payable Management: 

• Process and record financial transactions related to all payable accounts.
• Ensure timely payments to vendors and service providers.
• Review and verify invoices for accuracy, posting transactions and payment processing.
• Maintain vendor files and manage relationships with external partners, addressing inquiries and resolving discrepancies promptly.

Accounts Receivable Oversight: 

• Manage incoming payments, ensuring accurate recording and prompt deposits.
• Generate and send out invoices, following up on outstanding payments to ensure timely collections.
• Reconcile receivables to track and resolve any discrepancies.

Financial Reporting and Analysis: 

• Assist in preparing accurate financial statements and reports for management and stakeholders.
• Conduct regular analysis of accounts payable and receivable, providing insights to support financial decision-making.
• Support the Finance Manager in budgeting processes, forecasting, and variance analysis.

Compliance and Documentation: 

• Ensure compliance with financial policies, procedures, and regulations.
• Maintain organized and updated financial records and documentation.
• Support audit processes by providing necessary documentation and explanations.

Collaboration and Communication:

• Work closely with other departments to facilitate smooth financial operations and support organizational goals.
• Communicate effectively with internal staff and external partners to address financial inquiries and provide exceptional service.