Indiana Wesleyan University
Assistant Controller - Procurement & Accounts Payable
Indiana Wesleyan University, Marion, Indiana, United States, 46953
Location: Marion, IN
Job Title:
Assistant Controller - Procurement & Accounts Payable
Reporting Relationship:
AVP of Finance
Unit:
Central Administration
Department:
Controller-Central Administration
Summary The Assistant Controller is primarily responsible for overseeing and strengthening the organization’s procurement and accounts payable functions within the broader controllership and finance framework. This role ensures strong financial controls, regulatory compliance, accurate financial reporting impacts, and efficient procure-to-pay operations. The Assistant Controller partners closely with Accounting, Finance, Legal, and Budget to optimize vendor relationships, manage risk, and drive cost and process efficiencies. This position would support the Controller’s Office accounting operations and strategic initiatives in finance.
Duties and Responsibilities
Procurement Oversight & Financial Governance
Provide financial leadership over purchasing activities to ensure alignment with budgetary controls, cash flow objectives, and organizational strategy
Establish and enforce procurement policies, approval thresholds, and internal controls consistent with accounting and audit standards
Analyze procurement spend, cost trends, and savings initiatives; report findings to the Controller and senior finance leadership
Ensure purchasing activities are accurately reflected in the general ledger and financial statements
Contract Review & Vendor Management
Review and approve vendor contracts from a financial and risk perspective, ensuring compliance with accounting policies, internal controls, and regulatory requirements
Partner with Legal, Risk, and Operations to evaluate contract terms, payment structures, and financial exposure
Oversee vendor master data integrity and maintain a centralized contract and supplier management system
Monitor vendor performance, pricing compliance, and contractual obligations
Accounts Payable Oversight
Direct the accounts payable function, ensuring timely, accurate, and compliant processing of invoices, payments and accruals
Oversee invoice matching, coding, approvals and payment runs in accordance with internal control standards
Implement and maintain controls to prevent fraud, duplicate payments and errors
Manage AP aging, optimize payment terms and support working capital and cash management objectives
Coordinate AP activities with month-end close , audits and financial reporting requirements
Systems, Controls & Process Improvement
Evaluate and enhance ERP , procurement and AP systems to improve accuracy, efficiency and auditability
Lead or support system implementations , upgrades and automation initiatives related to procure-to-pay processes
Identify opportunities for automation , digitization and AI-enabled solutions to strengthen controls and reduce manual effort
Partner with IT to ensure data integrity , system security and reliable reporting
Team Leadership & Development
Lead, coach and develop procurement and accounts payable staff within a controlled accounting environment
Establish performance expectations , conduct evaluations and support professional growth
Promote a culture of accountability , continuous improvement and compliance
Qualifications According to Indiana Wesleyan University employment policy all employees must possess a strong Christian commitment and adhere to the standards outlined in the IWU Community Lifestyle Statement.
Education
Bachelor’s degree in Accounting, Finance, Business, Supply Chain Management, or related field required
Experience
Five ore more (5+) years of progressive experience in accounting, procurement and/or accounts payable, including at least three (3) years in a supervisory or management role
Strong experience with ERP systems and procure-to-pay or AP automation platforms
Required Skills
Strong understanding of accounting principles, internal controls, and audit requirements
Proven experience in vendor contract review and financial risk assessment
Advanced analytical and systems-thinking skills
Ability to lead cross-functional initiatives and manage change
Excellent written and verbal communication skills
High level of integrity, attention to detail, and ownership
Strong organizational and project management capabilities
IWU Kingdom Diversity Statement IWU, in covenant with God's reconciling work and in accordance with the Biblical principles of our historic Wesleyan tradition, commits to build a community that reflects Kingdom diversity. We will foster an intentional environment for living, teaching and learning, which exhibits honor, respect, and dignity. Acknowledging visible or invisible differences, our community authentically values each member's earthly and eternal worth. We refute ignorance and isolation and embrace deliberate and courageous engagement that exhibits Christ's commandment to love all humankind.
LIMITATIONS AND DISCLAIMER As a religious educational institution operating under the auspices of The Wesleyan Church, Indiana Wesleyan University is permitted and reserves the right to prefer employees on the basis of religion (42 U.S.C., Sections 2000e-1 and 2000e-2).
The above job description is meant to describe the general nature and level of work being performed; it is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required for the position. Employees will be required to follow other job-related instructions and to perform other job-related duties requested by their supervisor in compliance with Federal and State Laws.
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Job Title:
Assistant Controller - Procurement & Accounts Payable
Reporting Relationship:
AVP of Finance
Unit:
Central Administration
Department:
Controller-Central Administration
Summary The Assistant Controller is primarily responsible for overseeing and strengthening the organization’s procurement and accounts payable functions within the broader controllership and finance framework. This role ensures strong financial controls, regulatory compliance, accurate financial reporting impacts, and efficient procure-to-pay operations. The Assistant Controller partners closely with Accounting, Finance, Legal, and Budget to optimize vendor relationships, manage risk, and drive cost and process efficiencies. This position would support the Controller’s Office accounting operations and strategic initiatives in finance.
Duties and Responsibilities
Procurement Oversight & Financial Governance
Provide financial leadership over purchasing activities to ensure alignment with budgetary controls, cash flow objectives, and organizational strategy
Establish and enforce procurement policies, approval thresholds, and internal controls consistent with accounting and audit standards
Analyze procurement spend, cost trends, and savings initiatives; report findings to the Controller and senior finance leadership
Ensure purchasing activities are accurately reflected in the general ledger and financial statements
Contract Review & Vendor Management
Review and approve vendor contracts from a financial and risk perspective, ensuring compliance with accounting policies, internal controls, and regulatory requirements
Partner with Legal, Risk, and Operations to evaluate contract terms, payment structures, and financial exposure
Oversee vendor master data integrity and maintain a centralized contract and supplier management system
Monitor vendor performance, pricing compliance, and contractual obligations
Accounts Payable Oversight
Direct the accounts payable function, ensuring timely, accurate, and compliant processing of invoices, payments and accruals
Oversee invoice matching, coding, approvals and payment runs in accordance with internal control standards
Implement and maintain controls to prevent fraud, duplicate payments and errors
Manage AP aging, optimize payment terms and support working capital and cash management objectives
Coordinate AP activities with month-end close , audits and financial reporting requirements
Systems, Controls & Process Improvement
Evaluate and enhance ERP , procurement and AP systems to improve accuracy, efficiency and auditability
Lead or support system implementations , upgrades and automation initiatives related to procure-to-pay processes
Identify opportunities for automation , digitization and AI-enabled solutions to strengthen controls and reduce manual effort
Partner with IT to ensure data integrity , system security and reliable reporting
Team Leadership & Development
Lead, coach and develop procurement and accounts payable staff within a controlled accounting environment
Establish performance expectations , conduct evaluations and support professional growth
Promote a culture of accountability , continuous improvement and compliance
Qualifications According to Indiana Wesleyan University employment policy all employees must possess a strong Christian commitment and adhere to the standards outlined in the IWU Community Lifestyle Statement.
Education
Bachelor’s degree in Accounting, Finance, Business, Supply Chain Management, or related field required
Experience
Five ore more (5+) years of progressive experience in accounting, procurement and/or accounts payable, including at least three (3) years in a supervisory or management role
Strong experience with ERP systems and procure-to-pay or AP automation platforms
Required Skills
Strong understanding of accounting principles, internal controls, and audit requirements
Proven experience in vendor contract review and financial risk assessment
Advanced analytical and systems-thinking skills
Ability to lead cross-functional initiatives and manage change
Excellent written and verbal communication skills
High level of integrity, attention to detail, and ownership
Strong organizational and project management capabilities
IWU Kingdom Diversity Statement IWU, in covenant with God's reconciling work and in accordance with the Biblical principles of our historic Wesleyan tradition, commits to build a community that reflects Kingdom diversity. We will foster an intentional environment for living, teaching and learning, which exhibits honor, respect, and dignity. Acknowledging visible or invisible differences, our community authentically values each member's earthly and eternal worth. We refute ignorance and isolation and embrace deliberate and courageous engagement that exhibits Christ's commandment to love all humankind.
LIMITATIONS AND DISCLAIMER As a religious educational institution operating under the auspices of The Wesleyan Church, Indiana Wesleyan University is permitted and reserves the right to prefer employees on the basis of religion (42 U.S.C., Sections 2000e-1 and 2000e-2).
The above job description is meant to describe the general nature and level of work being performed; it is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required for the position. Employees will be required to follow other job-related instructions and to perform other job-related duties requested by their supervisor in compliance with Federal and State Laws.
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