Overview
Accounts payable jobs at employee-owned companies merge financial acumen with a culture of shared ownership, crafting a professional arena that emphasizes fiscal responsibility and teamwork. With a direct stake in their company’s success, accounts payable professionals not only manage financial transactions but also reconcile accounts, validate invoices, adhere to financial regulations, liaise with vendors and internal departments, and proactively identify cost-saving opportunities, contributing to the organization's enduring success by maintaining fiscal integrity and aligning their financial expertise with the collective prosperity of the company.
Accounts payable jobs typically require proficiency in financial software and systems, attention to detail, knowledge of accounting principles, effective communication skills, the ability to meet deadlines, and a commitment to ensuring accurate and efficient management of financial transactions for the company. The combination of financial expertise and an ownership culture cultivates a motivated, empowered, and collaborative workforce, ensuring timely payments, optimizing cash flow, and contributing to the company's lasting success by maintaining strong financial practices that align with both individual financial proficiency and the shared well-being of its employee-owners.
Employee Ownership
Employee ownership changes the relationship between the company and employee. Today there are 6,400 employee-owned companies in America.
Wealth Building
Working at an employee-owned company provides tremendous wealth-building benefits beyond conventional roles. Employee-owned companies provide every employee with reasonable access to ownership through broad-based structures such as Employee Stock Ownership Plans (ESOPs), Employee Ownership Trusts (EOTs), or even Direct Share Ownership Plans (DSOPs).
Ownership aligns interests and encourages wealth accumulation as the company thrives, enhancing the financial security of the employee-owners and positively impacting the culture of the business.
Ownership Culture
Broad-based ownership creates alignment, fosters commitment, increases collaboration, and drives innovation. Giving employees a direct financial stake in the success of the company incentivizes efficiency, leads to improved decision-making, and increases customer satisfaction. The shared responsibility created by an ownership culture strengthens the company’s performance, which benefits employees through shared ownership.
Qualifications
- Excellent written and verbal communication skills
- Strong attention to detail and organizational skills
- Positions list a wide range of experience, ranging from 1-10 years of accounts payable experience
- Degree requirements vary from a High School Diploma or equivalent to a Bachelor’s degrees in related fields
- Proficient in using office equipment and technology, i.e. laptop, scanner, printer, apps, camera phones, etc. is required for most positions
- Most roles require you to pass background check and drug screen
- Ability to complete necessary licenses/certifications upon hire