Accounts Payable Manager

Sompo International; Purchase (NY); On-site; USD 115,000 - 150,000; Full time

Job summary

Sompo International is seeking an Accounts Payable Manager to join their North America Finance team. This role involves overseeing all aspects of Accounts Payable processing, leading a team, and ensuring compliance with company policies. The ideal candidate will have a Bachelor's Degree in Accounting or Finance and at least 7 years of experience in a similar role, with expertise in 1099 tax reporting and software such as SAP and Concur.

Benefits

Comprehensive medical plans with employer contribution

401(k) Retirement Savings Plan

Competitive paid-time-off programs

Tuition Reimbursement & Professional Qualification benefits

Qualifications

• Minimum of 7+ years managing Accounts Payable function.
• Expertise in 1099 tax reporting; proficiency in Concur and SAP preferred.
• Strong technical skills including advanced Excel proficiency.

Responsibilities

• Oversee AP processing for timely and accurate payments.
• Lead and develop a high-performing AP team.
• Identify opportunities for enhancing AP processes.

Skills

1099 tax reporting

Advanced proficiency in Excel

Accounting principles understanding

Analytical skills

Effective communication

Education

Bachelor’s Degree in Accounting or Finance

Tools

SAP

Concur Expense System

Job description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for an Accounts Payable Manager to join our North America Finance team.

As the Accounts Payable Manager, you’ll oversee the Accounts Payable (AP) processing for our North America entities, ensuring timely and accurate invoice payments, employee expense reimbursements, and compliance with company policies. You’ll also lead a team of five to seven professionals, drive process improvements, and produce key performance indicators (KPIs) to optimize AP operations.

Location: This position will be based out of our Purchase, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Manage and oversee the AP processes, including invoice payments, employee expense reimbursements, monthly close activities, forecasting, reconciliations, and system support. Ensure timely and accurate payments while delivering exceptional client service.

• Lead, mentor, and develop a high-performing AP team to achieve organizational goals

• Identify opportunities to streamline and enhance AP processes

• Collaborate with cross-functional teams, including Procurement, to optimize the Procure-to-Pay process

• Produce and analyze regular KPIs and reports to effectively manage team performance and communicate results to management

• Maintain and ensure adherence to company policies for invoice processing and approvals

• Coordinate year-end activities with internal and external auditors

• Lead the annual 1099-MISC and NEC reporting activities for Payables

• Participate in project-related work as needed

• Stay updated on industry trends and advancements in AP processes to align goals with best practices

What you’ll bring:

• Minimum of 7+ years of experience managing an Accounts Payable function within a sizable multidisciplinary and matrix team environment

• Expertise in 1099 tax reporting, with preferred experience using Concur Expense System and SAP

• Strong technical skills, including advanced proficiency in Excel (PivotTables, VLOOKUP, etc.) and Microsoft Office Suite

• Strong understanding of accounting principles, reporting requirements, and variance analysis

• Highly organized with attention to detail, strong analytical and problem-solving skills, and the ability to manage multiple priorities efficiently

• Effective communicator, capable of conveying ideas and collaborating across all levels of the organization

• Bachelor’s Degree in Accounting or Finance

Salary Range : $115,000 – $150,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution

• Pharmacy benefits with mail order options

• Dental benefits including orthodontia benefits for adults and children

• Vision benefits

• Health Care & Dependent Care Flexible Spending Accounts

• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children

• Company-paid Disability benefits with very competitive salary continuation payments

• 401(k) Retirement Savings Plan with competitive employer contributions

• Competitive paid-time-off programs, including company-paid holidays

• Competitive Parental Leave Benefits & Adoption Assistance program

• Employee Assistance Program

• Tax-Free Commuter Benefit

• Tuition Reimbursement & Professional Qualification benefits

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.