Director, Procure to Pay

Description

Envestnet is seeking a Director, Procure to Pay to join our Finance department.

Envestnet is transforming the way financial advice is delivered through its connected technology, advanced insights, and asset management solutions – backed by industry-leading service and support. Since 1999, Envestnet has served the wealth management industry and today supports trillions in platform assets, serving over a hundred thousand financial advisors. The vast majority of the nation’s leading banks, the largest wealth management and brokerage firms, and over 500 of the largest RIAs rely on Envestnet’s wealth management platform and solutions to drive business growth, boost productivity, and deliver better financial outcomes for their clients.

Envestnet’s Strategy:

• Deliver the industry-leading wealth management platform, powered by advanced data and insights
  
• Leverage our scale and efficiencies to serve our clients’ needs comprehensively
  
• Enable financial advisors to deliver more holistic advice – reflecting a more complete view of their clients’ financial lives, and in a more connected environment

For more information, please visit www.envestnet.com.

Job Summary:

Envestnet is creating a dedicated Procure to Pay function within Financial Systems for the first time. As Director of Procure to Pay, you will own the transformation of our accounts payable and vendor management processes — from a current state of 2-week vendor onboarding and manual AP accruals to an automated, intelligence-driven operation. This is a strategic leadership role, not an operational one: you will design the automation roadmap, build spend analytics capabilities, and partner with Procurement and Finance leadership to drive measurable improvements. You report directly to the Head of Financial Systems.

Your Team

You will start with a focused team and expand in Phase 2 as the function matures:

• Payables Operations Manager (US) — day-to-day AP operations, approval workflows, accrual monitoring, vendor maintenance.
  
• Spend Analytics Specialist (Phase 2) — procurement insights, spend intelligence, vendor scorecards.

Job Responsibilities:

• Design and execute the AP automation strategy — RPA and Workato-driven workflows for invoice-to-accrual processing.
  
• Transform vendor onboarding from 2-week manual process to 3-5 day automated workflow.
  
• Build spend analytics and procurement intelligence capabilities (dashboards, category analysis, vendor scorecards).
  
• Establish vendor master data governance, enrichment, and quality standards.
  
• Own AP accrual controls, month-end accuracy, and audit readiness.
  
• Evaluate and recommend AP automation tools (Coupa, Bill.com, or equivalent).
  
• Partner strategically with Procurement and Finance leadership on spend intelligence and supplier strategy.
  
• Manage a Payables Operations Manager who handles day-to-day AP workflows and vendor maintenance.
  
• Drive continuous improvement in payment timeliness, accuracy, and compliance.

What You'll Build

Year 1:

• Redesign vendor onboarding to 3-5 day automated workflow (from current 2-week process).
  
• Define and implement AP accrual automation workflow.
  
• Launch spend analytics dashboard with full category visibility.
  
• Establish vendor master data governance framework.

Year 2+:

• Achieve 95%+ invoice-to-accrual automation rate.
  
• Reduce vendor onboarding to under 1 day.
  
• Deliver spend insights that actively inform procurement strategy.
  
• Achieve 95%+ on-time payment SLA compliance.

Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing is requested.

As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk.

Required Qualifications:

• 8+ years of experience in accounts payable, procurement transformation, or P2P process design.
  
• Proven experience designing and implementing AP automation programs.
  
• Strong understanding of vendor management, spend analytics, and procurement operations.
  
• Experience with ERP AP modules (Oracle Fusion, SAP, or equivalent).
  
• Automation-first mindset — comfortable with RPA, workflow tools, and process redesign.
  
• Excellent stakeholder management and ability to partner with Finance and Procurement leadership.
  
• Experience managing operational staff while maintaining strategic focus.

Preferred Qualifications:

• Experience evaluating or implementing AP automation platforms (Coupa, Bill.com, Tipalti).
  
• Background in finance transformation, Big 4 consulting, or shared services optimization.
  
• Experience with iPaaS platforms (Workato, MuleSoft) for AP workflow automation.
  
• Financial services or wealth management industry experience.
  
• Familiarity with SOX compliance and internal controls for AP processes.

Envestnet:

• Be a member of an innovative and industry leading financial technology and solutions company
  
• Competitive Compensation/Total Reward Packages that include:
  
  • Health Benefits (Health/Dental/Vision)
    
  • Paid Time Off (PTO) & Volunteer Time Off (VTO)
    
  • 401K – Company Match
    
  • Annual Bonus Incentives
    
  • Parental Stipend
    
  • Tuition Reimbursement
    
  • Student Debt Program
    
  • Charitable Match
    
  • Wellness Program

Salary:

The annual base salary range for this position is $151,000 to $189,000.

Envestnet is an Equal Opportunity Employer.

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