Accounts Payable, Principal

Job Description

Job Description

ABOUT HUT 8

Imagine the ultimate destination for those who want to work at the cutting edge of technology, energy, and infrastructure. Hut 8 is on a mission to build and operate some of the world's largest data centers for next-generation computing workloads, including AI, Colocation, Cloud, and Bitcoin Mining. We are proud to offer interesting and challenging opportunities for individuals who want to build teams, solve problems, and make an impact from day one. If you're an ambitious individual looking for a career that is as rewarding as it is challenging, you've come to the right place.

ABOUT THE ROLE

As a Principal in Financial Operations focusing on Accounts Payable at Hut 8, you will play a crucial role in ensuring the accuracy and efficiency of our financial operations. You will be responsible for managing the AP process, reconciling accounts, and supporting multiple teams ensuring all invoices and PO's are processed in a timely manner. This position requires a detail-oriented individual with strong analytical skills and a solid understanding of AP principles. A solid understanding of general accounting practices is beneficial and a high-level of focus on preventing payment fraud within a fast-paced environment is crucial.

Accounts Payable Management

• Set up vendors and process invoices and PO's accurately and timely in accordance with company policies and procedures.
• Review vendor invoices for accuracy and resolve discrepancies as necessary.
• Prepare and process payments (Bill Payments, ACH, wire transfers) to vendors.

Financial Reporting and Analysis

• Assist in month-end and year-end close processes by preparing journal entries and reconciling AP accounts.
• Prepare AP aging reports and analyze vendor payment trends.
• Provide support for financial reporting and variance analysis as needed.

Vendor Relations

• Engage vendors over the phone to validate and confirm banking details and test payments.
• Communicate with vendors regarding invoice inquiries, payments, and account reconciliations.
• Maintain positive relationships with vendors and resolve any issues or disputes promptly.

Compliance and Controls

• Ensure compliance with company policies, GAAP, and regulatory requirements.
• Assist in internal and external audits by providing documentation and explanations related to AP processes and transactions.

Process Improvement

• Identify opportunities to streamline AP processes and improve efficiency, especially via AI automation where possible while ensuring data integrity.
• Support implementation of new tools and cutting-edge practices to enhance accuracy and reduce cycle times.

Cross-functional Collaboration

• Collaborate with other departments — including engineering, procurement, construction, corporate development, finance, legal, and treasury — to resolve AP-related issues and support business initiatives.

ABOUT YOU

• Bachelor's degree in Accounting, Finance, Business Administration, or related field.
• 2+ years of experience in accounts payable or financial operations.
• Strong understanding of AP processes, principles, and best practices.
• Proficiency in accounting software (NetSuite experience a plus) and Microsoft Excel.
• Detail-oriented with excellent organizational and time management skills.
• Ability to work independently and as part of a team in a fast-paced, high-growth environment.
• Excellent communication and interpersonal skills.

ABOUT THE WORK ENVIRONMENT

This role is in office at our corporate offices in the Brickell area of Miami, Florida. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WHAT MAKES HUT 8 A GREAT PLACE TO WORK

Hut 8 offers a benefits and wellness program that includes medical, dental, vision, life, and short-term and long-term disability insurance, as well as paid time off. We are proud to invest in building the best team in the industry. At all levels of the organization, we are driven by an entrepreneurial spirit, radical transparency, and relentless growth mentality.

At Hut 8, you will have the opportunity to:

▶ Work with bright, driven peers from a range of educational and professional backgrounds including software development, energy, engineering, entrepreneurship, investment banking, private equity, and management consulting

▶ Design and pitch new products, services, and other initiatives to a leadership team consisting of serial entrepreneurs and seasoned executives and backed by a board of directors consisting of industry veterans of energy, finance, and government

▶ Debate ideas and alternatives in a truly meritocratic setting where the learning curve is steep and the lessons come from both senior and junior members of the team

▶ Build a lifelong network of friends and professional connections at the cutting-edge intersection of technology, energy, and infrastructure