Accounts Payable Manager

About the Organization

The Momentus Capital branded family of organizations - which includes Capital Impact Partners, CDC Small Business Finance, and Ventures Lending Technologies - is transforming how capital and investments flow into communities to provide people access to the capital and opportunities they deserve. We are working to reinvent traditional financial systems that have failed to address systemic issues of inequality, economic empowerment, and the widening racial wealth gap by offering a continuum of financial, knowledge, and social capital to help local leaders build inclusive and equitable communities and create generational wealth. This includes a comprehensive package of loan products, impact investment opportunities, training and business advising programs, and technology services that advance locally-led solutions. Our suite of products and services, experience, and scope will foster equitable job creation, wealth building, and economic mobility.

Position Summary

The Accounts Payable (AP) Manager oversees and manages the accounts payable process across multiple entities, ensuring accuracy, efficiency, and compliance with company policies and accounting standards. This position plays a critical role in expense management, vendor relations, and staff training while supporting audit preparation and maintaining high-quality control over accounts payable and related financial activities.

1. Essential Responsibilities

• This position will be responsible for managing the accounts payable process including:
• Review and approve all Papersave invoices across all entities
• Review account coding for accuracy – within Papersave and AP system
• Address discrepancies and resolve issues with invoices
• Monitor pending approvals in AP and follow up with staff members to ensure timely weekly processing
• Act as backup to AP Specialist to process weekly accounts payable in their absence
• Prepare AP related audit schedules (ie. Detailed listing of legal and contractual services and associated invoices)
• Train and support staff on Papersave software – serve as an administrator for this system
• Update and maintain vendor records and payment information within the ERP system
• Manage vendor relationships and field corporate wide inquiries/requests for vendor details
• Process weekly employee reimbursements in Certify software
• Add new employees and inactivate terminated employees within Certify
• Manage the annual 1099 process including reviewing the final report for accuracy and making the necessary adjustments in a timely manner
• Assist AP Specialist with the electronic filing of the annual 1099

2. Prepare accurate and timely journal entries and financial analysis including:

• Create monthly American Express journal entry
• Create entries for loan clearing accounts
• Record the provision expense entries – Quarterly
• Record monthly accruals for sponsorships or contributions
• Create monthly cash interest earnings and bank fees accrual entry for all non-grant related cash accounts and CDFI Bond Guarantee program interest
• Record monthly unrealized G/L as well as quarterly dividends on Legacy Investments
• Other reclassifications and cost center updates

3. Perform other duties as assigned, including but not limited to:

• Review monthly loan-related accounts and inform Servicing Groups with any outstanding balance, to clear the outstanding items before the monthly Trial Balance review
• Manage the deferred fees account ensuring fees are accurately applied to loans within McCracken
• Work closely with servicing groups and legal department in providing fees related transactions and provide reports for accurate and timely analysis
• Prepare accurate audit schedules for interim and year-end audit, to ensure clean audit results. Review requested audit documents compiled by the AP Specialist so that it can be uploaded in a timely manner

• Bachelor’s degree in accounting with 5-10 years of AP experience
• Strong understanding of accounting principles and standards
• Experience with ERP systems, Papersave software, and Certify software preferred
• Familiarity with audit preparation and compliance processes
• Proficiency in analyzing and coding transactions in the general ledger
• Advanced Excel skills for creating analytical spreadsheets and financial analysis
• Strong organizational and time management skills, ensuring timely processing and reporting
• Effective communication skills for disseminating information internally and externally
• Problem-solving skills for resolving discrepancies and streamlining processes
• Ability to train and support staff on software systems and processes
• Skilled at managing vendor relationships and handling corporate-wide inquiries
• Ability to manage multiple entities and prioritize tasks effectively
• Knowledge of 1099 reporting processes and IRS compliance

The salary range for this position is $80,573-$107,566

This role is Hybrid with 2-days in office M-Th, this is eligible for an Corporate Incentive.

All employees must be legally authorized to work in the United States.  The Company will not sponsor applicants for work visas.

EEO: Momentus Capital is an equal opportunity employer committed to a diverse workforce; and, as such, is fully committed to providing employment for qualified individuals, free from discrimination on the basis of race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, marital status, pregnancy, childbirth or related medical conditions, or any other protected characteristic established by applicable law.