Junior Accountant – Accounts Payable Support

Job Description

Junior Accountant – Accounts Payable Support | Jacob & Co.

The Tone:
This is a full-time, in-office role at Jacob & Co., located in Midtown, New York City, working 5 days a week. Jacob & Co. is a renowned company seeking a highly motivated and detail-oriented individual to join its finance team. The company places a high value on precision, efficiency, and a proactive approach to financial management. This position is crucial for supporting the Accounts Payable Manager with essential day-to-day accounting functions and effectively engaging with vendors. A key focus of this role involves significantly contributing to the implementation and continuous improvement of AP automation workflows, playing a pivotal role in building and refining scalable processes to support the company’s ongoing growth.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person, New York, NY
• Pay: $85000 yearly
• Team: Finance team, Reports to: Junior Accountant – Accounts Payable Support
• Mission: To bolster the finance team by managing vendor accounts, processing invoices, and implementing and improving AP automation workflows to support company growth.
• Tech Stack: Microsoft Business Central, AP automation tools

What You’ll Actually Do
• Vendor Management: Establish and maintain new vendor records within Microsoft Business Central, ensuring the comprehensive and accurate collection of W-9 forms, banking details, and all necessary compliance information.
• Invoice Processing: Accurately input vendor invoices and credit memos into Microsoft Business Central for timely and correct financial record-keeping.
• Account Reconciliations: Perform detailed reconciliations of vendor statements against Business Central reports to identify and resolve discrepancies, support intercompany due to/from account reconciliations for all US entities, and prepare precise bank reconciliations.
• Expense and Accrual Handling: Diligently record corporate AMEX expenses in Business Central, book royalty accruals, and meticulously reconcile them with actual invoices. Additionally, update the fixed asset schedule and accurately record depreciation and amortization.
• Tax and General Ledger Support: Compile necessary VAT worksheets and upload VAT invoices to the shared drive for record-keeping. Furthermore, assist in the calculation and quarterly filing of the NYC Commercial Rent Tax (CRT), review General Ledger details, and book any required reclassifications.

The Must-Haves
• Background: Bachelor’s Degree in Accounting or a related field.
• Experience: 2+ years of progressive experience in Accounts Payable or a similar accounting function.
• Skills: Demonstrated proficiency in Microsoft Business Central, solid understanding of U.S. Generally Accepted Accounting Principles (GAAP), excellent organizational skills, meticulous attention to detail, strong communication skills, and a collaborative, problem-solving mindset.
• Bonus: Experience with AP automation tools.