Accounts Payable Specialist

Job Description

Job Description

Position Overview

Innventure creates, funds, operates, and rapidly scales companies in strategic collaboration with Multinational Corporations (MNCs). Leveraging MNC market data, we seek to identify opportunities where well-protected, disruptive technology solutions address significant unmet market needs.

The Accounts Payable Specialist, under the supervision of the Vice President of Finance, will manage the accounts payable process for Innventure, its subsidiaries, and the new companies it creates (collectively referred to as Innventure or organization). This role will initially be as an individual contributor but is expected to grow in scope and responsibilities.

This role will manage the full cycle of accounts payable, from invoice verification to payment processing. The ideal candidate has strong organizational skills, meticulous attention to detail, and a solid understanding of accounting principles.

Roll-Up-The-Sleeves Style : a person who enjoys an entrepreneurial atmosphere; will have a spirit of pitching in to get the job done and be comfortable in an environment with lean staffing; must understand the need to wear a number of hats during periods of growth and change. Must have a process-oriented mindset that can build out new processes or enhance existing ones.

An Innovative, Strategic and Operational Mindset : must have a high level of business curiosity and will be interested in, and involved with, operational issues and how they affect the financial function; will be able to meaningfully participate in developing strategies to support a growth plan; will bring rational, objective judgment to bear on tough issues and decisions; must understand the need to wear a number of hats during periods of growth; ability to identify most relevant KPIs and actively monitor / manage the business in line with achievable goals; will have developed a best practices “toolkit” and manage the creation and development of metrics and “scorecards” to enable and enhance functional stewardship of managing budgets and investment in strategic and operational initiatives that drive the business forward.

Comfort Level with Information Technology : will use technology to improve access to information needed to run the business; will utilize systems to improve processes, eliminate errors and reduce administrative costs.

Role Responsibilities

• Manage Accounts Payable ensuring payments are made in a timely manner andappropriate discounts are taken. This would also include processing the receipt of vendor invoices, obtaining proper approval(s), and the processing of payments
• Manage interactions across multiple entities simultaneously while maintaining a high level of client service and timely interactions
• Ensure that required debt payments are made on a timely basis
• Work closely with the Finance team to monitor and implement new accounting standards to ensure that the organization is GAAP compliant.
• Willing and able to be the primary individual processing invoices, AP payments, PO requests and other data and financial journal entries (i.e., “wearing multiple hats”)
• Reading and interpreting contracts and agreements and applying towards the AP process
• Be proactive in offering suggestions in and identifying opportunities for process and efficiency improvements
• Can appropriately challenge the status quo; never satisfied and always looking to improve
• Take ownership of projects and tasks assigned as well as those self-identified
• Additional ad hoc analysis and projects as needed
• Review and analysis of process and procedures related to the accounts payable function and make recommendations for improvement

Required Qualifications and Experience

Preferred Qualifications

This role will largely be remote but will be based in Orlando, FL and may require some travel