New Penn Financial

  • Accounts Payable Manager

    Job ID
  • Overview




    Founded in 2008, New Penn Financial has become a leading nationwide lender by bringing together expertise, exceptional customer service, and extremely competitive rates on a broad offering of mortgage products (including Fannie Mae, Freddie Mac, Ginnie Mae, HUD, FHA, VA, USDA, and our portfolio products).  New Penn is licensed in 48 states plus the District of Columbia.   


    Mission Statement:

    New Penn Financial has become a leading nationwide mortgage lender because we have the expertise, the product solutions and competitive pricing talented individuals expect. We maintain a favorable reputation because we deliver exceptional customer service to our borrowers and clients. Founded in just 2008 as a start-up, we have grown to over 1,800 employees nationwide with over 140 branches, licensed in 48 states. We have earned the recognition of Inc. Magazine’s 500/5000 Lists of Fastest Growing Private Companies, hold a position on Mortgage Executive Magazine’s list of 50 Best Companies to Work For, and regularly appear on the Scotsman Guide list of top lenders, to name a few.


    • Oversee the management of financial data and procedures related to expenses generated by the Company, including vendor setup, processing of invoices, processing credit card payments, and cutting checks / ACH payments.
    • Analyze AP initiatives for adherence to industry standards and best practices and identify opportunities for process efficiencies and control enhancements.
    • Supervise a team of Accounts Payable processors and ensure they are following standard operating procedures.
    • Work with the Accounting Manager and Controller to implement and manage an AP workflow by:
      • Implementing and supervising an approval workflow including approval limits.
      • Cataloging and storing invoices and payment support.
      • Developing procedures to track the status of the invoice in the workflow.
    • Assist with month‐end closings by:
      • Coordinating and enforcing a timely close.
      • Reviewing process batches to verify that they are recorded accurately in the GL.
      • Prepare month end Accounts Payable cutoff accruals.
      • Reviewing vendor accounts to verify that key vendor accruals have been captured.
    • Analytically review trends in vendor payments to ensure we are being billed accurately.
    • Support the annual 1099 tax reporting process for the Companies’ vendors.
    • Oversee the escheatment process to comply with each state’s unclaimed property laws.
    • Manage the resolution of vendor issues.
    • Supervise AP processing in multiple accounting databases.




    Education and Experience Requirements                                                                                                                                             

    • A Bachelor’s Degree is required. Major or minor in Accounting is preferred.
    • At least 7 years’ experience working for a high‐volume Company with multiple vendors.
    • At least 3 years’ experience servicing in a supervisory capacity.

    Knowledge, Skill and Ability Requirements                                                                                                                                      

    • Strong organizational and management skills.
    • Thorough understanding of Accounts Payable processes.
    • Requires excellent verbal and written communication skills.
    • Requires the ability to manage multiple tasks.
    • Must be very proficient in Excel and Word. Experience with Pivot Tables and VLook-up’s preferred.
    • Experience implementing and using an Accounts Payable workflow solution is preferred.
    • Ability to work with all levels of management.





    New Penn Financial, LLC is an Equal Opportunity Employer and Equal Opportunity Lender.


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