Processes and codes vendor invoices, manages approvals and vendor records, executes payments, resolves discrepancies, monitors aging, and performs AP reconciliations. Supports financial closes, audits, regulatory examinations, internal controls, vendor risk reviews, and AP system migration activities including testing, data validation, workflow optimization, training, and troubleshooting. Identifies automation opportunities and serves as an AP systems super user.
Description
About Servbank:
Founded in 1994, Servbank is a banking institution with local roots and national reach. We were built on a foundation of community-orientation, which ensures that no matter who we serve, we do so with the human touch that marks the gold standard of service.
With the addition of Iroquois Federal, founded in 1883 and deeply rooted in Midwest communities, we combine over a century of relationship-based banking with innovative, technology-driven solutions.
We work with individuals, businesses, and communities, so that whether you’re a student, a homeowner, a small business owner, or a community leader, we can help you fulfill your goals. Come create excellence with Servbank.
Requirements
Essential Duties and Responsibilities
- Process vendor invoices and review for compliance with company policies.
- Ensure invoices are appropriately coded to departments, cost centers, and general ledger accounts.
- Manage invoice workflow and approval routing processes.
- Maintain vendor master records, including new vendor setup, validation, and periodic review.
- Process ACH, wire, and check payments while ensuring adherence to internal controls.
- Research and resolve invoice discrepancies, payment issues, and vendor inquiries.
- Monitor aging reports and ensure timely payment of obligations.
- Perform monthly balance sheet reconciliations related to accounts payable
- Assist with month-end, quarter-end, and year-end closing processes.
- Support annual financial statement audits and regulatory examinations through preparation of schedules and supporting documentation.
- Serve as a super user for AP systems and related accounting applications.
- Support the AP system migration, including:
- User acceptance testing (UAT)
- Data validation and reconciliation
- Workflow design and optimization
- Training documentation and end-user support
- Post-implementation troubleshooting
- Identify opportunities to automate manual processes and improve operational efficiency.
- Assist in the development and maintenance of AP policies, procedures, and internal controls.
- Support vendor management and third-party risk review processes.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field.
- 3-5 years of accounts payable and/or general accounting experience.
- Experience within a bank, financial institution, or regulated industry preferred.
- Experience supporting system implementations or conversions is highly desirable.
EEO Statement:
We’re an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Similar Jobs
Fintech • Professional Services • Real Estate • Financial Services
Processes and codes vendor invoices, manages approvals and vendor records, executes payments, resolves discrepancies, monitors aging, performs reconciliations, and supports financial close, audits, and regulatory examinations. Serves as an AP systems super user and supports system migration through testing, data validation, workflow optimization, training, and troubleshooting. Identifies automation opportunities and maintains AP policies, procedures, controls, and vendor risk processes.
Top Skills:
Accounting ApplicationsAchAp SystemsUser Acceptance Testing (Uat)Wire Transfers
Fintech • Professional Services • Real Estate • Financial Services
Processes and codes vendor invoices, manages approvals and vendor records, executes payments, resolves discrepancies, monitors aging, reconciles accounts payable balances, and supports financial close, audits, and regulatory examinations. Serves as an AP systems super user and supports system migration through testing, data validation, workflow optimization, documentation, training, and troubleshooting. Also improves automation, maintains controls, and supports vendor risk reviews.
Top Skills:
Accounting ApplicationsAccounts Payable SystemsAchUser Acceptance Testing (Uat)Wire Transfers
Fintech • Professional Services • Real Estate • Financial Services
Processes and codes vendor invoices, manages approvals and vendor records, executes payments, resolves discrepancies, monitors aging, performs reconciliations, and supports financial close and audits. Serves as an AP systems super user and supports system migration through testing, data validation, workflow optimization, documentation, training, and troubleshooting. Also improves automation, maintains controls and procedures, and supports vendor risk reviews.
Top Skills:
Accounting ApplicationsAccounts Payable SystemsAchUser Acceptance Testing (Uat)Wire Transfers
What you need to know about the Chicago Tech Scene
With vibrant neighborhoods, great food and more affordable housing than either coast, Chicago might be the most liveable major tech hub. It is the birthplace of modern commodities and futures trading, a national hub for logistics and commerce, and home to the American Medical Association and the American Bar Association. This diverse blend of industry influences has helped Chicago emerge as a major player in verticals like fintech, biotechnology, legal tech, e-commerce and logistics technology. It’s also a major hiring center for tech companies on both coasts.
Key Facts About Chicago Tech
- Number of Tech Workers: 245,800; 5.2% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: McDonald’s, John Deere, Boeing, Morningstar
- Key Industries: Artificial intelligence, biotechnology, fintech, software, logistics technology
- Funding Landscape: $2.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Pritzker Group Venture Capital, Arch Venture Partners, MATH Venture Partners, Jump Capital, Hyde Park Venture Partners
- Research Centers and Universities: Northwestern University, University of Chicago, University of Illinois Urbana-Champaign, Illinois Institute of Technology, Argonne National Laboratory, Fermi National Accelerator Laboratory
