What are the responsibilities and job description for the Senior Accounts Payable Specialist position at TRANZACT?
TRANZACT is a leading direct-to-consumer insurance services business, specializing in the distribution of Medicare Advantage, Medicare Supplement and Life & Supplemental insurance policies. Our focus is on leveraging our highly skilled team of over 3,000 professionals to deliver innovative solutions for our insurance carrier partners and provide consumers with a best-in-class experience. We work with some of America’s largest insurance brands to attract, educate and connect with consumers. Our diverse team of analysts, writers, engineers, designers, business leads, data scientists and sales professionals all work together to create thoughtful, data-driven and effective marketing, technology, sales and servicing strategies. These efforts have resulted in TRANZACT earning recognition and winning awards from some of the biggest names in the industry.
How the Position Works
We are seeking a detailed- oriented and experienced Senior Accounts Payable Specialist to join our accounting team. The ideal candidate has a strong background in accounts payable functions, with proven ability to manage accurate and timely payment of invoices, maintaining vendor relationships, and improving AP workflows. The Senior Accounts Payable Specialist will also play a key role in the monthly closing process and financial reporting
The specific responsibilities include
• Review, verify, and process high-volume vendor invoices in accordance with company policies
• Maintain strong relationships with vendors, addressing and resolving payment discrepancies, and responding to inquiries promptly
• Help to maintain Cash flow file by collecting weekly and monthly cash flow projections by vendor
• Manage the vendor onboarding process, ensuring all necessary documentation is collected, and vendors are compliant with company requirements
• Accurately assign general ledger codes to invoices, ensuring proper expense classification
• Ensure all invoices and payments adhere to the company’s financial controls and approval policies, managing end-to-end approval workflow
• Work closely with cross-functional teams (procurement, operations, and finance) to ensure smooth communication and resolution of any invoice discrepancies or payment issues
• Ensure all expenses are accurately recorded and collect accrual estimates from the vendors for the month-end-close
• Prepare and analyze AP-related financial reports to support management in decision-making.
• Assist with internal and external audits by providing necessary documentation and explanations
• Ensure AP activities comply with company policies, regulatory requirements, and internal financial controls.
What you need to be successful
• Bachelor’s degree in accounting
• Strong attention to detail and ability to analyze financial data
• Ability to work independently and as part of a team
• Experience working with Oracle a plus
• Ability to independently troubleshoot payment and invoice discrepancies and provide resolution
• Proficiency in Excel (pivot tables, VLOOKUPs)
• Excellent verbal and written communication skills to work effectively with vendors, other departments, and internal teams
• Demonstrated ability to work cross-functionally with other departments to resolve issues and improve processes
• Proven ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• 5 years of accounts payable experience
When you become part of TRANZACT, you join a team of passionate people who push for excellence, follow through on commitments, and love to succeed together. Our culture rests on a simple principle – “Be Real” – that means being genuine, keeping your word, and having the courage to make tough decisions. Our “Be Real” values resonate and are meaningful to us. We are entrepreneurial, fast paced and empower our people. We know how to make things happen and know that our people are always the source of our success.
At TRANZACT we promote inclusion and job insertion without distinction based on disability, gender, orientation, gender identity and expression, place of origin or any other reason protected by national legislation. The company respects diversity and does not tolerate acts of discrimination in its processes.
As a company, we believe in equal opportunities and inclusion. Consequently, this job opening is applicable to people with disabilities (in accordance with what is stated in Law No. 29973).
