Accounts Payable Analyst, Wayfair
Financial Operations Team
$55-62.3k
4 days a week in office
A global online homeware marketplace
Be an early applicant
A global online homeware marketplace
1001+ employees
Be an early applicant
$55-62.3k
4 days a week in office
1001+ employees
Company mission
To help everyone, anywhere create their feeling of home.
Role
Who you are
- The ideal candidate will bring strong organizational and planning skills, highly motivated, detail oriented, collaborative, self-motivated, customer oriented mindset, a high sense of urgency and problem-solving abilities to the role
- Bachelor’s degree in Business Administration, Finance, Accounting, Data Analytics, or a related subject
- 1+ years of relevant financial analysis and/or transactional accounting experience
- Intermediate to advanced experience with Microsoft Excel or Google Sheets, SAP, Coupa, SQL or GBQ preferred, but not required
- Excellent written, verbal, and presentation skills
- A proactive, detail oriented team player
- Meticulous attention to detail and strong planning and forward-thinking capabilities
- Proficiency in Google Enterprise Suite tools (calendar, mail drive, docs, sheets, slides, meet)
- Extremely high level of discretion pertaining to confidential information
What the job involves
- This position is a hybrid in-office role that works out of our Headquarters in Boston, MA (this role is not a virtual / remote position). 4 days in office/ 1 day WFH
- The Wayfair Financial Operations organization is growing and looking to add associates to their team in Boston. The associates will support the Accounts Payable teams by analyzing data related to supplier/vendor transactions and operations
- The Financial Operations team supports and manages the day-to-day activities for many teams across the organization. This team serves as a Finance service center for all employees, Suppliers, Vendors, Category Management, Offshore teams, legal, and HR
- Ensuring our suppliers/vendors are paid accurately within agreed payment terms
- Educating and guiding suppliers from a finance lens throughout their partnership with Wayfair, from onboarding through scaling
- Responding to finance-related questions, concerns, and disputes
- Addressing all ticket inquiries in a timely manner
- Proactively liaise with Wayfair’s 3rd party providers Offshore team
- Completing the reconciliation process for outgoing payments
- Supporting Accounting with month- and quarter-end close tasks, including SOX controls and supporting data requests
- Partner & collaborate with all stakeholders impacted by the services & support the P2P end to end process
- Review and validate Vendor Setup requests
- Perform validation checks on Purchase Orders
- Enter and Upload Invoices into the system
- Point of contact for escalations for suppliers and internal Wayfair business partners
- Providing analyses of what suppliers have sold, allowance and credit structures, and deductions being paid out, as well as opportunities to improve both parties financial standing
- Supporting the launch of New Business Initiatives and driving them to a scalable and sustainable state from a FinOps lens
- Challenging the status quo of our current work streams and helping to identify opportunities for optimization and efficiency gains as we continue to scale
- Ensure all processes are documented and assist in the development of the function
Our take
Wayfair emerged in the early era of eCommerce with a mission to revolutionize online shopping, offering customers a convenient platform to purchase goods. Today, it stands as one of the foremost global players in the online furniture delivery industry, boasting an impressive inventory of over 33 million products.
Renowned for its extensive product range and comprehensive service offerings, Wayfair distinguishes itself by providing an end-to-end customer experience, from browsing to doorstep delivery. Despite its prominence, the company faces profitability challenges attributed largely to expansion expenses. Nonetheless, its solid presence in the competitive online homeware sector solidifies its position as a key contender.
With ambitious global expansion plans, Wayfair remains committed to maintaining its leadership in the industry. As it aspires to become the ultimate destination for all home needs, its more recent ventures into physical retail represent significant strides toward this overarching goal.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-14% employee growth in 12 months
Company
Company HQ
Prudential / St. Botolph, Boston, MA
Leadership
Niraj Shah
(Co-Founder & CEO)Studied Engineering at Cornell University before co-founding Spinners, a Boston-based IT services company. Previously acted as Entrepreneur in Residence for Greylock and has served as CEO of Wayfair since co-founding the company in 2002.
Steven Conine
(Co-Founder)Co-founded Spinners before working for Operations at iXL. Conine also co-founded Pillar VC in 2016.
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