Comerica Incorporated Looking for Payables Accounting Specialist at Detroit, MI Full Time

The Payables Accounting Specialist is responsible for supporting the accounting processes of payables functions (including related prepaid expenses). This role is also responsible for assisting the Payables Manager as needed with special projects, implementing process improvements, and system testing, in addition to performing ad-hoc analysis as requested by management. The Payables Accounting Specialist should maintain high attention to detail and possess good oral and written communication abilities.

Position Responsibilities
Operational Payables

• Work with production staff to manage AP inbox by assisting business units with invoice related questions.
• Completes supplier invoice review for Accounts Payable & Fixed Assets, to include CIP project identification and capital vs. expense classification.
• Reconcile and review assigned monthly bank reconciliation and general ledger account reconciliation for Accounts Payable checking account.
• Provides updates to related procedures and documentation of processes and workflows.
• Cross train/perform daily functions (as deemed necessary) to ensure coverage of critical processes during other team members PTO, such as routing the invoices to the appropriate system.

Special Projects Lead

• Serve as key contact for Accounts Payable on digital transformation initiatives impacting the AP ecosystem.
• Partner with Procurement to research and analyze vendor payment terms per contractual language.
• Manages ACH initiatives to onboard vendors requesting electronic payments.
• Proactively identify opportunities to create operational efficiencies.
• Assist with implementation of automating certain processes or using advanced analytics to effectuate more efficient accounting and reporting processes.

Accounting Analysis

• Analyze incoming invoices in both AP & Procurement invoice systems to assess candidacy for allocations.
• Design and implement various expense allocations based on appropriate drivers.
• Streamline accrual process for in-process invoices by testing and implementing available system functionality.
• Identify prepaid invoices and complete setup and maintenance based on term and dollar amount criteria. Partner with various departments including Business Finance to ensure accurate amortization.
• Provide management discretionary spend analyses using dashboard reporting to analyze trends.
• Provide management with monthly, quarterly, and year over year variance explanations as it relates to assigned expense accounts for month end close meeting.
• Perform other miscellaneous accounting functions as assigned

Position Qualifications

• Bachelor’s Degree from an accredited university in Accounting or Finance
• 2 years’ experience in accounting/finance field, including reporting and analysis
• Licensed CPA (Certified Public Accountant) preferred