Director, Procure-to-Pay

Envestnet is seeking a Director, Procure-to-Pay to join our Finance department. This is a hybrid role, with in-office work required at either our Berwyn, PA or Denver, CO office location.

Envestnet is transforming the way financial advice is delivered through its connected technology, advanced insights, and asset management solutions – backed by industry-leading service and support. Since 1999, Envestnet has served the wealth management industry and today supports trillions in platform assets, serving over a hundred thousand financial advisors. The vast majority of the nation’s leading banks, the largest wealth management and brokerage firms, and over 500 of the largest RIAs rely on Envestnet’s wealth management platform and solutions to drive business growth, boost productivity, and deliver better financial outcomes for their clients. 

Envestnet’s Strategy:

• Deliver the industry-leading wealth management platform, powered by advanced data and insights 
  
• Leverage our scale and efficiencies to serve our clients’ needs comprehensively 
  
• Enable financial advisors to deliver more holistic advice – reflecting a more complete view of their clients’ financial lives, and in a more connected environment
  

For more information, please visit www.envestnet.com.

Job Summary: 

The Director, Procure-to-Pay oversees the day-to-day transactional and accounting processes covering the Procure-to-Pay Function within the Finance Organization. This position is essential to ensuring the highest level of financial reporting accuracy through maintenance of internal systems and adherence to financial controls processes. The Director, Procure-to-Pay will be responsible for the overall leadership and direction of the Procure-to-Pay shared services team, supporting Envestnet. The role is responsible for the efficient and accurate processing of supplier invoices and all other forms of settlement with suppliers, clients, customers and other external stakeholders. The Director has oversight of procurement operations and the Buy Desk, and is the business owner and decision maker regarding the Corporate Card Programs. The Director is a key point of contact for both external stakeholders (e.g. suppliers, fiduciary clients / customers / external stakeholders) and internal stakeholders (e.g. Procurement, Business, other Finance teams, etc.) to address any concerns or issues in a timely manner. This role will be the “face” of the Shared Service Procure-to-Pay team and must demonstrate a high degree of customer orientation to meet the needs of internal “customers / business partners” across Envestnet. The role will be responsible for the overall quality of service delivery from Procure-to-Pay to the organization, including acting as an escalation point to resolve and correct any issues or concerns raised by either internal customers or external stakeholders. This role will be responsible for identifying and pursuing continuous improvement opportunities in our P2P policies, processes and systems. This role will also form an integral part of the Finance leadership team in providing insights into building out a successful Finance organization.

Job Responsibilities:

• Manages Accounts Payable including oversight of settlement methods for clients, customers and other external stakeholders, Procurement operations, Buy Desk, Corporate Card functions.
  
• Vendor master file maintenance, including oversight of the vendor set up process and ongoing maintenance.
  
• Timely and accurate processing of purchase requisitions, purchase, vendor invoices, T&E audits and approvals.
  
• Work closely with billing, Shared Services, Treasury and other internal partners to review current SLA requirements, follow protocols, manage risk, and facilitate payments and other disbursements that flow through P2P processes (paying agent processes).
  
• Disbursements and Payment processing (checks, wires, electronic).
  
• Accounting and period end close.
  
• Vendor Relations including AP Helpdesk, Corporate Card Program Helpdesk.
  
• Monitor the team’s processing activities and proactively manage any issues impacting the accuracy and timeliness of processes.
  
• Develops, implements and maintains systems, procedures and policies for P2P function.
  
• Develops and monitors compliance with all financial and accounting policies.
  
• Ensures that all documentation (process flows, desktop procedures, policies, procedures and control documentation, etc.) is accurate and complete and maintained in accordance with Policy.
  
• Review, investigate, document, and correct errors and inconsistencies in financial entries, documents, and reports.
  
• Manage a team of Procure-to-Pay professionals, reviewing the teams’ work to ensure compliance with accounting policies.
  
• Analyze complex issues during the P2P process and provide recommendations to leadership - mapping out and implementing subsequent process changes.
  
• Possess an in-depth knowledge of processes occurring in the field and proactively recommends potential changes to policy and/or processes.
  
• Assist with the development of and adherence to SOX and substantive audit documentation requirements.
  
• Lead various special projects and ad-hoc requests as needed or assigned.
  
• Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing as requested. 
  
• As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk.
  

Required Qualifications: 

• Bachelor’s degree in Accounting or Finance required.
  
• 10+ years of progressive responsibility in a large, complex public company.
  
• Minimum of 5 (five) years of management experience with a team of reports.
  
• Experience working with a Shared Service environment preferred.
  
• Experience with financial services settlement methods preferred.
  
• Experience working with offshore resources and team members preferred.
  
• Experience in establishing and managing offshore P2P processes preferred.
  
• A high degree of organization, accuracy, and attention to detail.
  
• Demonstrated leadership and vision in managing staff groups and major projects or initiatives.
  
• Superior communication skills (written / verbal) including a proven ability to engage with senior executives (both within Finance as well as more broadly within the organization).
  
• Excellent interpersonal skills and a collaborative management style.
  
• Direct experience in an ERP implementation is highly desirable.
  
• Direct experience in P2P change (new systems and/or new processes) obtained either through merger integration or corporate restructuring is highly desirable.
  
• The candidate will need to be a self-starter, be able to manage in an environment of change and with a significant workload.
  
• Knowledgeable regarding SOX as it pertains to P2P.
  
• Ability to execute in a dynamic and demanding environment by demonstrating organizational, interpersonal, communication, problem-solving, multi-tasking, and prioritization skills.
  
• Demonstrated initiative, works well under pressure, highly detail oriented, self-motivated with the ability to follow through and implement process improvement.
  
• Strong skills with Microsoft Office software tools.
  
• Oracle ERP – preferred.
  
• Concur Travel – preferred.
  

Envestnet: 

• Be a member of an innovative and industry leading financial technology and solutions company 
  
• Competitive Compensation/Total Reward Packages that include:
  
  • Health Benefits (Health/Dental/Vision)
    
  • Paid Time Off (PTO) & Volunteer Time Off (VTO)
    
  • 401K – Company Match
    
  • Annual Bonus Incentives
    
  • Parental Stipend 
    
  • Tuition Reimbursement
    
  • Student Debt Program
    
  • Charitable Match 
    
  • Wellness Program
    

Salary:

The annual base salary range for this position is $116,000 to $174,000.

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