Bank of China
Operation Service Department-Accounts Payable Associate
Bank of China, New York, New York, us, 10261
Operation Service Department-Accounts Payable Associate
Join to apply for the
Operation Service Department-Accounts Payable Associate
role at
Bank of China USA Operation Service Department-Accounts Payable Associate
2 weeks ago Be among the first 25 applicants Join to apply for the
Operation Service Department-Accounts Payable Associate
role at
Bank of China USA Get AI-powered advice on this job and more exclusive features. 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.
Overview
This position will monitor and handle payments and invoices for the Bank. Main responsibilities include but not limited to reviewing, verifying, reconciling invoices and reimbursements/payments, processing accounts payable related transactions, maintaining payment records and performing expense analysis to ensure processes performed align with Banks procedure, policy guidelines, standards, and regulatory requirements.
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 Banks 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 Departments 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
Bachelors 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 candidates relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.
Seniority level
Seniority level
Entry level Employment type
Employment type
Full-time Job function
Job function
Accounting/Auditing and Finance Industries
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Join to apply for the
Operation Service Department-Accounts Payable Associate
role at
Bank of China USA Operation Service Department-Accounts Payable Associate
2 weeks ago Be among the first 25 applicants Join to apply for the
Operation Service Department-Accounts Payable Associate
role at
Bank of China USA Get AI-powered advice on this job and more exclusive features. 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.
Overview
This position will monitor and handle payments and invoices for the Bank. Main responsibilities include but not limited to reviewing, verifying, reconciling invoices and reimbursements/payments, processing accounts payable related transactions, maintaining payment records and performing expense analysis to ensure processes performed align with Banks procedure, policy guidelines, standards, and regulatory requirements.
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 Banks 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 Departments 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
Bachelors 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 candidates relevant years of experience, skillset, education and other qualifications.
USD $42,000.00 - USD $90,000.00 /Yr.
Seniority level
Seniority level
Entry level Employment type
Employment type
Full-time Job function
Job function
Accounting/Auditing and Finance Industries
Banking Referrals increase your chances of interviewing at Bank of China USA by 2x Get notified about new Accounts Payable Associate jobs in
New York, NY . New York City Metropolitan Area 4 weeks ago New York, NY $50,000.00-$55,000.00 3 weeks ago Senior Associate, Accounts Receivable/Accounts Payable
New York, NY $75,000.00-$90,000.00 4 months ago New York, NY $62,400.00-$72,800.00 1 day ago New York, NY $60,000.00-$70,000.00 1 week ago New York, NY $55,000.00-$75,000.00 4 weeks ago New York, NY $70,000.00-$80,000.00 1 month ago New York, NY $60,000.00-$65,000.00 4 days ago New York, NY $102,000.00-$141,000.00 1 week ago New York City Metropolitan Area $70,000.00-$75,000.00 1 week ago Manhattan, NY $70,000.00-$75,000.00 5 days ago New York, NY $60,000.00-$65,000.00 3 weeks ago New York, NY $60,000.00-$75,000.00 2 weeks ago Jersey City, NJ $90,000.00-$100,000.00 2 weeks ago New York, NY $50,000.00-$53,000.00 2 weeks ago Accounts Payable (Hybrid) UHNW Family Office $80-105K + Bonus and Strong Benefits
New York, NY $80,000.00-$105,000.00 1 day ago Were unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr