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Accounts Payable & Procurement Manager

Company: Bancroft
Location: Cherry Hill
Posted on: May 28, 2023

Job Description:


Bancroft is a leading service-provider for children and adults with autism, other intellectual or developmental disabilities or those in need of neurological rehabilitation.We provide a full continuum of highly effective services - for people of all ages and every level of abilities - based on -best practices -and scientifically -proven techniques. -Our services include special education, vocational training, supported employment, structured day programs, group home and apartment programs both on-campus and in the community, short-term behavioral stabilization services for children, and in-home and outpatient rehabilitation services.As a nonprofit organization, we are solely committed to supporting people with special needs and their families, to help make it -One World. For Everyone. -The Accounts Payable & Procurement Manager directly assists and supervises staff in the performance of all expense, fixed asset, and cash accounting activities, accounts payable processing, analysis of financial data, and preparation of financial statements in accordance with Generally Accepted Accounting Principles. - Performs highly complex accounting activities, analyzes financial data and prepares accounting reports. - Also oversees more junior Accounting staff. - Ensures compliance with Bancroft policies and procedures as well as state and federal fiscal management laws and regulations. - Directly supervises all Accounts Payable activities for the organization in accordance with Bancroft policies and procedures. - Continuously identifies and facilitates process improvements.



  • Manages the daily operations of Accounts Payable and Procurement to ensure timely and accurate disbursements of vendor payments in accordance with Bancroft Procurement policies and in line with Bancroft/vendor contracts
  • Oversees management of all purchase card and credit card programs, including system administration, to ensure that all Bancroft policies and procedures are followed.
  • Manages the Finance Support Portal for check requests and furniture purchases to ensure proper approval and timeliness of requests. -
  • Coordinates Accounts Payable and Procurement to ensure the smooth flow of information and documents to ensure timely payment to vendors in line with Bancroft policies and contracts.
  • Interacts in a professional manner and on a daily basis with external vendors, Service Line leadership, other Bancroft departments, etc., to keep others continually informed regarding Accounts Payable and Procurement issues and updates, to investigate and resolve problems associated with vendor contracting, the processing of invoices, purchase orders, chargeback procedures, etc., and to determine methods for expediting problem payments.
  • Oversees the month-end closing process in accordance with established closing schedule, including confirmation of completed journal entry preparation, workpaper analysis and reconciliation. - Reviews various reports from Accounts Payable system (e.g., General Ledger report, Outstanding Invoice report, Check History report, etc.) before submitting for review by internal Accounting team.
  • Managements preparation of all 1099 forms in an accurately and timely manner.
  • Continually evaluates the complete Accounts Payable and Procurement processes; recommends changes or enhancements to existing processes and procedures to improve overall efficiency and cost-effectiveness.
  • Continually evaluates the mechanics and utilization of the Accounts Payable system; recommends changes or enhancements to the existing system to ensure maximum operating efficiency and timely generation of Accounts Payable reports.
  • Ensures the ongoing creation and maintenance of Accounts Payable and Procurement records and related information for internal use and access by external auditors.
  • Effectively interacts and communicates with external auditors, providing required documentation on a timely basis, and updates Accounting leadership of relevant issues as needed.
  • Provides leadership and guidance to staff members within direct areas of responsibility. - Effectively manages ongoing job performance of direct reports through coaching, performance evaluations, and disciplinary and/or corrective action when appropriate.
  • Performs other duties and special assignments, as required. - Remains flexible and adaptable in work schedules and work assignments, based on organizational and departmental needs.


    In addition to the necessary skills and experience to perform the responsibilities outlined above, there are a number of traits that a qualified candidate will possess. -Education & Experience: -BS in Accounting or related discipline required with a minimum of ten years of experience in the Accounts Payable and/or Procurement field. - Minimum of five years of supervisory/management experience required. -Special Skills: -A solid knowledge base of Accounts Payable and Procurement issues, financial recordkeeping procedures, laws, regulations and standards, particularly as they relate to healthcare enterprises required. - Proven ability to develop and implement effective fiscal management policies and financial controls, as well as proven ability to interpret audit information and to institute financial policy, procedure and/or operational corrections and modifications required. - Effective communication, interpersonal skills, presentation, project management and organizational skills required. - Effective and proven leadership and management skills required, as well as flexibility and adaptability. -What You'll Love About Bancroft: -
    • Meaningful Purpose: -We truly make a difference in the lives of others, which inspires us to be better people, and gives us purpose. -
    • Lasting Bonds: -We are a close-knit, committed team committed to our overall misson.
    • Personal Growth: -There are opportunities to learn and build skills, professional development, career advancement, tuition assistance, and loan repayment programs -
    • Outstanding Benefits: -We offer competitive salaries, retirement savings program, generous paid time off, medical and dental insurance, and more -About BancroftAt Bancroft, you'll do more than just make an impact. We are a care team of 2,700 employees across 200+ facilities and homes in NJ, PA, and DE committed to making a lasting difference in the lives of the people we serve and their loved ones. Together, we work diligently and compassionately, to improve the lives of the people we serve. Find your purpose and more at Bancroft. -Real Life. Real Purpose.

      EEO Statement

      Bancroft stands strong against racism and hate of all kinds and supports actions leading to respect, equality, fairness and peace. -We advocate for and embrace an inclusive and just world. -One world. For everyone. -We work with heart, respect and collaboration. We are communicators, listeners, problem solvers, partners and collaborators. -Bring your authentic self to our team. - - -Bancroft is an Equal Opportunity Employer, and supports diversity, equity and inclusion in its -hiring and employment practices, -so that every team member can feel a true sense of belonging, and maximize their unique potential. - To this end, all applicants will receive consideration for employment without regard to age, race, color, -religion, sex, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, veteran status or any other characteristic protected by law. - - -

Keywords: Bancroft, Cherry Hill , Accounts Payable & Procurement Manager, Executive , Cherry Hill, New Jersey

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