Accounts Payable Lead
Headquartered in Cambridge, Massachusetts, CarGurus is the all-in-one platform that’s moving the entire car shopping journey online and guiding customers through each step. This includes everything from selling an old car to financing, purchasing, and delivering a new one. Today, millions of consumers visit cargurus.com each month, and more than 30,000 dealerships use our products. We have a people-first culture that fosters kindness, collaboration, and innovation, while empowering our Gurus with tools and resources to fuel their career growth. Our goal is to give all people—consumers, dealers, and our employees—the power to reach their destination.
Job Description
Role Overview:
As the Accounts Payable Lead at CarGurus, you will be a key leader in our Finance Operations team, playing a critical role in overseeing vendor management and the purchasing processes. This position is pivotal in enhancing our payables processes and ensuring operational efficiency. The ideal candidate will have a solid background in expense management, accounts payable, and corporate card administration, with a proven ability to thrive in customer-facing and cross-functional environments.
Key Responsibilities:
- Invoice & Payment Oversight: Lead and manage the end-to-end invoice and payment processing, ensuring invoices are accurately matched with purchase orders and receipts. Ensure timely approval of payments in accordance with CarGurus' approval policies.
- Payment Methods & Processing: Oversee and manage all payment methods, including electronic funds transfers (EFTs), checks, wires, and alternative methods, ensuring accuracy and efficiency.
- Vendor Management: Maintain strong relationships with vendors, resolve payment disputes, and ensure proper setup and maintenance of vendor records.
- Month-End Close: Prepare and review journal entries and balance sheet reconciliations as part of the month-end close process. Accrue expenses and investigate any discrepancies, ensuring accurate reporting.
- Process Improvement & Systems Implementation: Lead the implementation of new systems and processes to enhance efficiency, scalability, and the overall accounts payable workflow. Drive automation initiatives and ensure best practices are applied.
- Compliance & Reporting: Ensure adherence to company policies, internal controls, and relevant regulations. Prepare and present reports on accounts payable activities, including aging reports and cash flow forecasts.
- Audit Support: Assist in internal and external audits by providing required documentation and responding to audit inquiries.
- 1099 Reporting: Oversee the accurate reporting of 1099s and ensure compliance with related tax regulations.
Qualifications:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- 5+ years of hands-on experience in Finance Operations, with a strong focus on Accounts Payable and Accounting.
- Proficiency in ERP systems (preferably NetSuite), and experience with other financial systems such as Zip and Concur.
- Advanced skills in Microsoft Excel, with the ability to analyze and manipulate data effectively.
- Strong knowledge of accounting principles, accounts payable processes, and close procedures.
- Proven leadership skills with the ability to manage and influence cross-functional teams.
- Excellent communication and organizational skills, with a keen attention to detail and a problem-solving mindset.
- Familiarity with tax implications in payables, including 1099 and sales & use tax reporting.
What We Offer:
- Opportunity to lead and shape a key finance function in a growing, dynamic organization.
- Collaborative work environment with a focus on innovation and continuous improvement.
Role Overview:
As the Accounts Payable Lead at CarGurus, you will be a key leader in our Finance Operations team, playing a critical role in overseeing vendor management and the purchasing processes. This position is pivotal in enhancing our payables processes and ensuring operational efficiency. The ideal candidate will have a solid background in expense management, accounts payable, and corporate card administration, with a proven ability to thrive in customer-facing and cross-functional environments.
Key Responsibilities:
- Invoice & Payment Oversight: Lead and manage the end-to-end invoice and payment processing, ensuring invoices are accurately matched with purchase orders and receipts. Ensure timely approval of payments in accordance with CarGurus' approval policies.
- Payment Methods & Processing: Oversee and manage all payment methods, including electronic funds transfers (EFTs), checks, wires, and alternative methods, ensuring accuracy and efficiency.
- Vendor Management: Maintain strong relationships with vendors, resolve payment disputes, and ensure proper setup and maintenance of vendor records.
- Month-End Close: Prepare and review journal entries and balance sheet reconciliations as part of the month-end close process. Accrue expenses and investigate any discrepancies, ensuring accurate reporting.
- Process Improvement & Systems Implementation: Lead the implementation of new systems and processes to enhance efficiency, scalability, and the overall accounts payable workflow. Drive automation initiatives and ensure best practices are applied.
- Compliance & Reporting: Ensure adherence to company policies, internal controls, and relevant regulations. Prepare and present reports on accounts payable activities, including aging reports and cash flow forecasts.
- Audit Support: Assist in internal and external audits by providing required documentation and responding to audit inquiries.
- 1099 Reporting: Oversee the accurate reporting of 1099s and ensure compliance with related tax regulations.
Qualifications:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- 5+ years of hands-on experience in Finance Operations, with a strong focus on Accounts Payable and Accounting.
- Proficiency in ERP systems (preferably NetSuite), and experience with other financial systems such as Zip and Concur.
- Advanced skills in Microsoft Excel, with the ability to analyze and manipulate data effectively.
- Strong knowledge of accounting principles, accounts payable processes, and close procedures.
- Proven leadership skills with the ability to manage and influence cross-functional teams.
- Excellent communication and organizational skills, with a keen attention to detail and a problem-solving mindset.
- Familiarity with tax implications in payables, including 1099 and sales & use tax reporting.
What We Offer:
- Opportunity to lead and shape a key finance function in a growing, dynamic organization.
- Collaborative work environment with a focus on innovation and continuous improvement.
