Accounts Payable Specialist

Who we are:

Farm Credit Bank of Texas is a $40.3 billion wholesale bank that has been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending associations in five states, and we are active in the nation’s capital markets. 

While you may not be familiar with our name, Farm Credit Bank of Texas plays a critical role in supporting the businesses that make it possible for America to maintain access to an affordable and safe food supply, an industry which is one of the most innovative and evolving of our time. And while you help us deliver on our mission, we deliver on our commitment to you as a valued employee by providing competitive compensation, generous health and wellness benefits packages and an attractive hybrid workplace located along the bluffs of the Colorado River just minutes west of downtown Austin. 

We seek out top talent in their fields, whether it be technology, finance, accounting, credit, human resources, or other administrative functions, and welcome you to join us in our mission to feed the world. 

Position Description: 

We are searching for an Accounts Payable Specialist II.  The purpose of this position is to process all bills due by the Bank.  This process includes properly verifying and coding these expenses to the general ledger and sending the vendor the payment in a timely manner.    Other duties include general ledger entry, verification of certain debt and investment transactions, research of general ledger account activity in conjunction with the monthly closing process, and other duties as assigned.

Day-to Day-Duties and Responsibilities: 

• Responsible for Accounts Payable function of the Bank, including entry of invoices for payment, retaining the support for all accounts payable (A/P) checks issued and providing 1099-Misc/1099-NEC tax forms to appropriate vendors on an annual basis.
• Scan checks for deposit using online banking software as needed.  Also create deposit slips for any checks that do not scan properly.  Create journal entries for said deposits and copy and route all association checks in a timely manner to appropriate person.
• Update journal entries as required, including semi-monthly journal entries provided by HR for payroll processing, daily journal entries provided by Capital Markets Operations, and monthly journal entries for expense accruals and prepaid expenses. Assist AP Supervisor prepare AP Invoice Accrual and Misc Accrual.
• Responsible for maintaining and verifying third party broker confirmations and other appropriate back-up with the investment and debt accounting system to ensure activity was properly entered and supported.
• Create and record invoices for billing district associations as needed for services performed by third party vendors.
• Assists AP Supervisor with 1099-Misc preparation at Year-end for Bank (including review of vendor list for 1099 vendors and income and reconciliation of SmartStream 1099 reports with Cardinal 1099 reports).  Assists AP Supervisor in verifying Association 1099-Misc reports with Cardinal 1099-Misc reports.
• Codes expense, verifies and pays invoices, responds to inquiries from vendors and researches and resolves concerns or discrepancies.
• Identify opportunities for process improvement and assist in implementing changes to increase efficiency and accuracy to financial operations.
• Maintain standard operating procedures and adhere to all SOX requirements to ensure full SOX compliance.

What You Bring to the Team:

Our ideal candidate lives within a commutable distance from our office in Austin, Texas and appreciates the value of the hybrid work schedule, while recognizing that the position requires regular onsite collaboration.

It is an important role that covers many skills. This position requires: 

Position requires an associate’s degree with two (2) to four (4) years of related business experience. Must possess interpersonal relationship skills and good written and oral communication skills.  Demonstrated problem-solving and organizational skills are essential. Overall knowledge of accounting as it relates to the accounts payable function is required.  Ten-key adding machine by touch, and knowledge of Microsoft Windows applications required.

Our benefits:

In addition to a competitive salary, we offer comprehensive, affordable, and competitive benefit options that are focused on health and wellness, financi