Senior Accounts Payable Specialist

Firm Overview

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Fixed Income & Macro, Event & Multi-Asset RV, Equity L/S & Capital Markets, and Quantitative Trading.

Department Overview

The Finance team is responsible for the financial reporting, accounting, and control activities supporting the firm and its investment platform, through Fund Accounting, Corporate Accounting, Global Compensation and Payroll, and the Office of Vendor Management. Finance partners closely with investment teams and other teams across the firm to provide accurate, timely financial information, maintain a strong control environment, and support the firm's strategic and operational objectives as it grows.

Responsibilities

• Process and review invoices across domestic and international entities, ensuring proper GL coding, cost allocations, and approval workflows.
• Manage vendor onboarding, documentation, and ongoing vendor relationships, ensuring compliance with firm policies.
• Administer the U.S. employee expense reimbursement process through Concur, ensuring compliance with the firm's Travel & Expense Policy while supporting the continued expansion of the global T&E program.
• Respond to vendor and internal inquiries, independently resolving payment discrepancies and other AP-related issues.
• Prepare and review monthly expense allocations, ensuring costs are accurately distributed across entities, departments, and cost centers in accordance with firm methodologies.
• Perform analytical reviews of vendor spend and expense classifications, identifying coding inconsistencies and partnering with Corporate Accounting and FP&A to ensure accurate financial reporting and Budget-to-Actual reporting.
• Own intercompany reporting and reconciliations across all entities.
• Provide cash reporting and month-end close support in coordination with the AP Manager and Controller.
• Prepare and maintain analytical schedules supporting month-end close, Budget-to-Actual reporting, and management reporting for both U.S. and international entities.
• Manage quarterly Sales & Use Tax (SUT) review and filing support.
• Maintain AP documentation standards and support internal and external audit requests, ensuring compliance with firm policies and internal controls.
• Support AP onboarding for new domestic and international entities as the firm's global footprint continues to expand.
• Identify, recommend, and drive process improvements and automation initiatives across the global Accounts Payable function.

Qualifications

• 4-7 years of Accounts Payable or corporate accounting experience.
• Hedge fund, alternative investment, asset management, or financial services experience strongly preferred.
• Bachelor's degree in Accounting, Finance, or a related field.
• Experience working in a multi-entity, global accounting environment with intercompany transactions.
• Familiarity with Sales & Use Tax concepts and compliance.
• Experience with ERP and Accounts Payable platforms; proficiency with StavPay is strongly preferred. Concur experience is a plus.
• Advanced Microsoft Excel skills, including the ability to analyze and reconcile large datasets.
• Ability to collaborate across Accounting, FP&A, Operations, and international teams.
• Excellent written and verbal communication skills.
• High level of intellectual curiosity, strong work ethic, and a keen attention to detail.
• Ability to work effectively in a team-oriented, fast-paced, and dynamic environment.

The annual base salary range for this position is $90,000 to $135,000 (USD). In addition to base salary, this position is eligible for a discretionary performance bonus and a comprehensive benefits package. Actual compensation offered to the successful candidate will be determined based on a variety of factors such as geographic location, work experience, qualifications, and skill level.

Salary Range

$90,000-$135,000 USD