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AVP, Accounts Payable

Employer
Arch Capital Group Ltd.
Location
Greensboro, North Carolina, United States
Closing date
Jun 4, 2024

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Job Role
Accounts Payable
Sector
Finance
Contract Type
Permanent
Hours
Full Time
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

About the Role

We are seeking a highly skilled and motivated Accounts Payable AVP to join our join our Accounting Operations Shared Services team. In this role, you will report to the VP, Accounting Operations and be responsible for overseeing all aspects of accounts payable functions for various entities across the Arch organization. These areas include but are not limited to invoice processing, supplier master data files, payment processes, and maintaining adequately trained and equipped staff. In addition, a key aspect of your role involves serving as a valuable resource during the implementation of a new Enterprise Resource Planning System (ERP) system. The ideal candidate will possess a strong background in accounts payable management, along with experience in ERP implementation and project management.

Job Responsibilities

* Manage the accounts payable team, providing leadership, guidance, and training as needed.
* Ensure all payments are integrated into accounts payable and processed through the system having adhered to the 'Procure to Pay' policies and processes.
* Assist in the implementation of the new ERP system, assisting with data migration, user training, and troubleshooting any issues that arise.
* Leverage technology to develop, implement, and strengthen financial controls and processes.
* Ensure that policies and procedures are in accordance with SOX documents.
* Oversee approval workflow matrices.
* Assure root cause analysis of errors and non-compliant invoices is performed and corrective actions have been implemented.
* Maintain centralized database across multiple entities and ensure controlled environment for onboarding new suppliers.
* Work with other departments to build system interfaces to finance systems to avoid manual touch points.
* Develop and implement metrics for assessment of shared service processing functions.
* Oversee service level agreements within the shared service role.
* Collaborate with other departments to ensure proper coding and approval of invoices.
* Stay current with accounting regulations and best practices related to accounts payable.
* Identify opportunities for process improvements and efficiency enhancements within the accounts payable function.

Skills and Qualifications

* Bachelor's degree in accounting or finance.
* 5+ years specializing in AP, general ledger accounting or related experience.
* Experience with global shared service functions and system implementations is highly beneficial.
* Proficiency in Financial management systems.
* Strong skills in data analysis, presentation, problem-solving, strategic thinking, verbal and written communication, and research.
* Advanced Excel proficiency, including knowledge of complex formulas and modeling.

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Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn't the right fit but you're interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.

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