Company Description

Insmed is a global biopharmaceutical company on a mission to transform the lives of patients living with serious and rare diseases. Our most valuable resource is our employees, and everything we do is motivated by a patients-first mentality. We are dedicated to growing our team with talented individuals from around the world who are willing to challenge the status quo, solve problems, and work collaboratively with a sense of urgency and compassion.

Guided by our core values of collaboration, accountability, passion, respect, and integrity, we aim to foster an inclusive, diverse, and flexible work environment, where our employees are recognized for leaning in and rolling up their sleeves. If you share our vision and want to work with the most dedicated people in the biopharma industry, come to Insmed to accelerate your career.

Recognitions

Named Science’s Top Employer in 2021, 2022, and 2023

Insmed is dedicated to creating a collaborative environment where our team can thrive. Every day, our employees turn their passion for science and research into innovative solutions for patients. That’s why we were named the No. 1 company to work for in the biopharma industry in Science’s Top Employers Survey for two years in a row.

A Certified Great Place to Work

We believe our company is truly special, and our employees agree. In July 2023, we became Great Place to Work-certified in the U.S. for the third year in a row. We are also honored to have been listed on the Best Workplaces in Biopharma™, Best Workplaces in New York™, and Best Workplaces for Millennials™ lists.

Overview

The Senior Associate, Accounts Payable will be responsible and accountable for managing the intake of requests from Insmed’s suppliers and employees. This includes, but is not limited to, responding to support tickets to assist with the resolution of requests, providing requested documentation as appropriate, and investigating and resolving inquiries. The position will also be required to apply judgment to determine when inquiries need to be delegated or escalated to the appropriate team member.

Responsibilities will also include processing invoices, making payments, collaborating with colleagues within the procurement function, as well as ad hoc projects primarily focused on gaining efficiencies within the Accounts Payable space.

The ideal candidate will be able to process data efficiently with a compliance mindset, be able to work independently, and have the ability to multitask. This position will be required to maintain positive relationships with employees and suppliers, while enforcing Insmed’s policies and procedures, in order to maintain the integrity of financial records.

Responsibilities

Additional representative responsibilities will include, but not necessarily be limited to, the following: 

• Managing intake of requests from suppliers and employees
• Work with internal stakeholders throughout the organization to ensure timely and accurate processing of invoices and related payments
• Review and match invoices with purchase orders in accordance with the Company’s 3-way and 2-way match policies
• Address and resolve outstanding invoices
• Review invoices processed via IDR (aka OCR) by ensuring the data was read accurately
• Routing invoices for approval and following up for approvals as needed
• Process manual checks, ACH and wire payments
• Communicate with suppliers and research invoice discrepancies
• Troubleshoot and work with Procurement, IT, and/or outside suppliers to identify and correct system issues
• Monitor payment status of supplier accounts and invoice approvals
• Monitor invoices on hold on a frequent basis to ensure timely payment
• Assists with month end and quarter end closure of the AP subledger in Oracle Cloud
• Oversee the preparation and process Sales/Use Tax quarterly payments
• Perform and review tests in UAT to verify systems are accurately working and the functionality is as required
• Gathering supporting documents as needed for SOX requirements
• Ad hoc projects to improve efficiencies for the overall procure-to-pay process

Qualifications

• At least 3 years of experience in an Accounts Payable role
• Must have excellent verbal and written communication skills
• Highly organized with a strong attention to detail, clarity, accuracy, and conciseness

• Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook)
• Must be able to interact successfully in a dynamic and culturally diverse workplace
• Experience working in the Oracle Cloud ERP system is a plus
• Minimum Associates degree in a related field, Bachelor’s degree preferred

Travel Requirements

Minimal travel required

Salary Range

Insmed takes into consideration a combination of candidate’s education, training, and experience as well as the position’s scope and complexity, the discretion and latitude required in the role, and external market and internal value when determining a salary level for potential new employees. The base salary range for this job is from $84,000.00 to $118,667.00 per year

Compensation & Benefits

We’re committed to investing in every team member’s total well-being, now and in the future. We offer a competitive total-rewards package to all employees around the world, including:

• Flexible approach to where and how we work
• Competitive compensation package including bonus. 
• Stock options and RSU awards
• Employee stock purchase plan
• 401(k) plan with company match
• Professional Judgment Vacation Policy
• 11 paid holidays per year and Winter Break (typically between Christmas and New Year’s Day).

ADDITIONAL U.S. BENEFITS:

• Medical, dental, and vision plans
• Company-provided short- and long-term disability plans
• Company-provided life insurance
• Unique offerings of pet, legal, and supplemental life insurance
• Flexible spending accounts for medical and dependent care
• Accident and Hospital Indemnity plans
• Supplemental AD&D
• Employee Assistance Program (EAP)
• Mental Health on-line digital resource
• On-site, no-cost fitness center at our U.S. headquarters
• Paid time off to volunteer

Additional Information

Insmed Incorporated is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

Unsolicited resumes from agencies should not be forwarded to Insmed. Insmed will not be responsible for any fees arising from the use of resumes through this source. Insmed will only pay a fee to agencies if a formal agreement between Insmed and the agency has been established. The Human Resources department is responsible for all recruitment activities; please contact us directly to be considered for a formal agreement.

Please note that we review every submission, and we will keep all submissions on file for six months. 

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