Job Posting:
Since 1953, Ferguson has been a source of quality supplies for a variety of industries. Together We Build Better infrastructure, better homes and better businesses. We exist to make our customers’ complex projects simple, successful, and sustainable. We proactively solve problems, adapt and grow to continuously serve our customers, communities and each other. Ferguson, a Fortune 500 company, is proud to provide best-in-class products, service and capabilities across the following industries: Commercial/Mechanical, Facilities Supply, Fire and Fabrication, HVAC, Industrial, Residential Trade, Residential Building and Remodel, Waterworks and Residential Digital Commerce.
Ferguson has approximately 36,000 associates across 1,700 locations. Ferguson is a community of proud associates who operate with the shared purpose of building something meaningful. You will build a career that you are proud of, at a company you can believe in.
The FCD Analyst role will ensure the daily operations of the FCD team and provide strategic initiative and process improvement for all pre and post payment operations. This includes administrative functions such as prepayments, ach recalls, stop payments, unclaimed property, negative vendor management, wire preparation, and creating various reports for consumption by management to help streamline work processes.
Location:
This role is open to remote work across the United States or out of Newport News, VA, according to company policy. East coast working hours.
Responsibilities:
Handle the foreign and domestic wire process from start to finish to include review of invoices, Bills of Lading, account setups, manual checks, and authorizations.
Assist in working through negative vendor balances and take the appropriate actions to mitigate them through credit sells or acquiring refunds.
Work with a variety of software programs and have a strong attention to details
Perform regular reconciliations of accounts payable transactions to ensure accuracy and completeness
Navigate, research, and analyze system data and knowledge documents to respond to inquiries accurately and advise on root causes to resolve the issue.
Work with Accounting groups to resolve outstanding items on the monthly GL reports.
Assist in internal and external audits by providing necessary documentation and reports
Exhibit understanding of three-way match processes, vendor discounts, and payment terms.
Work autonomously in completing all assigned tasks and ensuring other admin processes are being performed.
Identify and resolve issues related to vendor invoices, payment discrepancies, and other accounts payable matters
Develop and implement strategies to streamline disbursements processes and enhance efficiency
Generate and communicate presentations to large groups
Ensure awareness of cross-functional policies and procedures
Obtain and analyze quantitative and qualitative data of business processes to determine solutions and promote data driven decisions
Collaborate and communicate with internal and external business partners on findings and areas needing improvement
Analyze processes and workflows to understand value chain, input/output, and to improve and/or automate business performance
Monitor key performance indicators, determine gaps, and recommend/implement change management techniques for efficiency and operational improvements
Prepare departmental reports or charts
Perform other duties or special projects as assigned that are specific to the essential operations of Financial Cash Disbursements
Qualifications:
College degree preferred
Minimum of 3 years’ experience within the payment processing space or the equivalent and exposure to other functions of the AP process preferred
Effective analytical, reconciliation and reasoning skills to include summarizing information and clearly identifying key elements, trends, results or relationships
Identifies source of the challenge and exercises initiative while using good judgement…