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Operation Service Department-Accounts Payable Associate

Operation Service Department-Accounts Payable Associate

Bank of China USANew York, NY, US
30+ days ago
Job type
  • Full-time
Job description

Bank Of China Job Post

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Responsibilities

Invoice & Reimbursement Payment Management

  • Review and verify invoice(s) and reimbursement claim(s) for proper authorization and supporting document(s) before processing.
  • Identify expense category and cost centers for invoices and reimbursement claims for processing.
  • Maintain transaction records by keeping logs of check register and scanning files onto Laserfiche.
  • Verify and process payment of corporate credit card bills.
  • Maintain accurate vendor master files and all supporting documentation.
  • Prepare tax Form1099-MISC for eligible Third-Party Vendors' tax filing.
  • Report and calculate accounts payable of sales and use tax.
  • Respond to inquiries from vendors and employees regarding invoices and reimbursement process.

Fixed Assets Control

  • Review and validate fixed assets purchase order(s) and invoice(s) for appropriate approvals.
  • Monthly Reconciliation of fixed assets account balances in T24 against Sage Fixed Assets system record.
  • Identify fixed asset types and accounts for preparation of input request form for bookkeeping purpose.
  • Prepare fixed assets depreciation input request forms based on Sage system depreciation report.
  • Verify write off request items and process accounting entries.
  • Payroll

  • Prepare payroll and 401K input request form based on data provided by the Human Resources Department.
  • Monitor Flexible Spending Account (FSA) payment (ACH debit) daily and prepare monthly summary to Human Resource Department.
  • Conduct FSA annual adjustment as instructed by Human Resource Department.
  • Risk Management / Compliance / Internal Audit

  • Understand and comply with Bank's procedures, policies, standards, and regulatory requirements.
  • Escalate suspicious transactions to Legal Compliance Department.
  • Prepare monthly, quarterly, and annual risk assessment reporting to the Second Line of Defense.
  • Assist to update procedures to reflect current workflow processes, and ABAC compliance updates.
  • Respond to Internal Audit Department's request timely and assist to remediate any audit issue findings.
  • Provide timely responses to inquiries from Head Office, internal and external auditors.
  • Report

  • Conduct internal reconciliation of suspense account, PL categories, capital lease, operating lease, payroll, and fixed assets on a monthly basis.
  • Conduct annual due diligence of abandoned property.
  • Manage record retention based on the Record Retention Policy.
  • Qualifications

  • Bachelor's degree required, Accounting major preferred
  • Knowledge and experience in accounts payable is preferred
  • Proficiency in MS Excel, Word and PowerPoint required
  • Oral and written communication skills, bilingual in English and Chinese required
  • Knowledge of accounts payable, accounting principles and general accounting procedures, payroll function and procedures, and applicable federal and state tax laws is highly preferred
  • Pay Range

    Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

    USD $42,000.00 - USD $90,000.00 / Yr.

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