What are the responsibilities and job description for the Accounts Payable, Principal position at Hut 8?
ABOUT THE ROLE
As a Principal in Financial Operations focusing on Accounts Payable at Hut 8, you will play a crucial role in ensuring the accuracy and efficiency of our financial operations. You will be responsible for managing the AP process, reconciling accounts, and supporting multiple teams ensuring all invoices and PO’s are processed in a timely manner. This position requires a detail-oriented individual with strong analytical skills and a solid understanding of AP principles. A solid understanding of general accounting practices is beneficial and a high-level of focus on preventing payment fraud within a fast-paced environment is crucial.
Accounts Payable Management
This role is in office at our corporate offices in the Brickell area of Miami, Florida. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
As a Principal in Financial Operations focusing on Accounts Payable at Hut 8, you will play a crucial role in ensuring the accuracy and efficiency of our financial operations. You will be responsible for managing the AP process, reconciling accounts, and supporting multiple teams ensuring all invoices and PO’s are processed in a timely manner. This position requires a detail-oriented individual with strong analytical skills and a solid understanding of AP principles. A solid understanding of general accounting practices is beneficial and a high-level of focus on preventing payment fraud within a fast-paced environment is crucial.
Accounts Payable Management
- Set up vendors and process invoices and PO’s accurately and timely in accordance with company policies and procedures.
- Review vendor invoices for accuracy and resolve discrepancies as necessary.
- Prepare and process payments (Bill Payments, ACH, wire transfers) to vendors.
- Assist in month-end and year-end close processes by preparing journal entries and reconciling AP accounts.
- Prepare AP aging reports and analyze vendor payment trends.
- Provide support for financial reporting and variance analysis as needed.
- Engage vendors over the phone to validate and confirm banking details and test payments.
- Communicate with vendors regarding invoice inquiries, payments, and account reconciliations.
- Maintain positive relationships with vendors and resolve any issues or disputes promptly.
- Ensure compliance with company policies, GAAP, and regulatory requirements.
- Assist in internal and external audits by providing documentation and explanations related to AP processes and transactions.
- Identify opportunities to streamline AP processes and improve efficiency, especially via AI automation where possible while ensuring data integrity.
- Support implementation of new tools and cutting-edge practices to enhance accuracy and reduce cycle times.
- Collaborate with other departments — including engineering, procurement, construction, corporate development, finance, legal, and treasury — to resolve AP-related issues and support business initiatives.
- Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
- 2 years of experience in accounts payable or financial operations.
- Strong understanding of AP processes, principles, and best practices.
- Proficiency in accounting software (NetSuite experience a plus) and Microsoft Excel.
- Detail-oriented with excellent organizational and time management skills.
- Ability to work independently and as part of a team in a fast-paced, high-growth environment.
- Excellent communication and interpersonal skills.
This role is in office at our corporate offices in the Brickell area of Miami, Florida. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.