Accounts Payable Lead

Who we are
At CarGurus (NASDAQ: CARG), our mission is to give people the power to reach their destination. We started as a small team of developers determined to bring trust and transparency to car shopping. Since then, our history of innovation and go-to-market acceleration has driven industry-leading growth. In fact, we're the largest and fastest-growing automotive marketplace, and we've been profitable for over 15 years.
What we do
The market is evolving, and we are too, moving the entire automotive journey online and guiding our customers through every step. That includes everything from the sale of an old car to the financing, purchase, and delivery of a new one. Today, tens of millions of consumers visit CarGurus.com each month, and ~30,000 dealerships use our products. But they're not the only ones who love CarGurus-our employees do, too. We have a people-first culture that fosters kindness, collaboration, and innovation, and empowers our Gurus with tools to fuel their career growth. Disrupting a trillion-dollar industry requires fresh and diverse perspectives. Come join us for the ride!
Role Overview:
As the Accounts Payable Lead at CarGurus, you will be a key leader in our Finance Operations team, playing a critical role in overseeing vendor management and the purchasing processes. This position is pivotal in enhancing our payables processes and ensuring operational efficiency. The ideal candidate will have a solid background in expense management, accounts payable, and corporate card administration, with a proven ability to thrive in customer-facing and cross-functional environments.
Key Responsibilities:

• Invoice & Payment Oversight: Lead and manage the end-to-end invoice and payment processing, ensuring invoices are accurately matched with purchase orders and receipts. Ensure timely approval of payments in accordance with CarGurus' approval policies.
• Payment Methods & Processing: Oversee and manage all payment methods, including electronic funds transfers (EFTs), checks, wires, and alternative methods, ensuring accuracy and efficiency.
• Vendor Management: Maintain strong relationships with vendors, resolve payment disputes, and ensure proper setup and maintenance of vendor records.
• Month-End Close: Prepare and review journal entries and balance sheet reconciliations as part of the month-end close process. Accrue expenses and investigate any discrepancies, ensuring accurate reporting.
• Process Improvement & Systems Implementation: Lead the implementation of new systems and processes to enhance efficiency, scalability, and the overall accounts payable workflow. Drive automation initiatives and ensure best practices are applied.
• Compliance & Reporting: Ensure adherence to company policies, internal controls, and relevant regulations. Prepare and present reports on accounts payable activities, including aging reports and cash flow forecasts.
• Audit Support: Assist in internal and external audits by providing required documentation and responding to audit inquiries.
• 1099 Reporting: Oversee the accurate reporting of 1099s and ensure compliance with related tax regulations.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 5+ years of hands-on experience in Finance Operations, with a strong focus on Accounts Payable and Accounting.
• Proficiency in ERP systems (preferably NetSuite), and experience with other financial systems such as Zip and Concur.
• Advanced skills in Microsoft Excel, with the ability to analyze and manipulate data effectively.
• Strong knowledge of accounting principles, accounts payable processes, and close procedures.
• Proven leadership skills with the ability to manage and influence cross-functional teams.
• Excellent communication and organizational skills, with a keen attention to detail and a problem-solving mindset.
• Familiarity with tax implications in payables, including 1099 and sales & use tax reporting.

What We Offer:

• Opportunity to lead and shape a key finance function in a growing, dynamic organization.
• Collaborative work environment with a focus on innovation and continuous improvement.

Working at CarGurus
We reward our Gurus' curiosity and passion with best-in-class benefits and compensation, including equity for all employees, both when they start and as they continue to grow with us. Our career development and corporate giving programs, as well as our employee resource groups (ERGs) and communities, help people build connections while making an impact in personally meaningful ways. A flexible hybrid model and robust time off policies encourage work-life balance and individual well-being. Thoughtful perks like daily free lunch, a new car discount, meditation and fitness apps, commuting cost coverage, and more help our people create space for what matters most in their personal and professional lives.
We welcome all
CarGurus strives to be a place to which people can bring the ultimate expression of themselves and their potential-starting with our hiring process. We do not discriminate based on race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, or sexual orientation. We foster an inclusive environment that values people for their skills, experiences, and unique perspectives. That's why we hope you'll apply even if you don't check every box listed in the job description. We also encourage you to tell your recruiter if you require accommodations to participate in our hiring process due to a disability so we can provide the appropriate support. We want to know what only you can bring to CarGurus. #LI-Hybrid