Treasury and Accounts Payable Analyst
$50k - $55kMunich Re Careers
Treasury Services and A/P Analyst
Applicants, including applicants holding a valid CPT/OPT visa, who will require employer sponsorship of a visa now or in the future will not be considered for this position.
We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.
The Company
Munich Re America Services (MRAS) is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities.
As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
The Opportunity
Future focused and always one step ahead!
The Treasury Services and Accounts Payable Analyst will process disbursement requests for all outgoing payments. Support the maintenance of vendor information and onboard new vendors while adhering to established controls using the global procure-to-pay system. This role will also process invoices through an Optical Character Recognition (OCR) tool. In addition, the Treasury Services and Accounts payable analyst will record incoming receipts in the financial system (SAP).
Responsibilities
- Collect required information for new vendor onboarding and provide bank verification for electronic payments.
- Support change management for all vendors within the global procure to pay system.
- Validate all incoming invoices through the OCR tool daily.
- Process all incoming invoices through various global tools and systems.
- Perform daily processing of cash receipts through SAP – Accounts Receivable and SAP systems.
- Research and assign the proper tax type and jurisdiction of company expenses submitted for payment.
- Reconcile disbursement activity with SAP and execute payment run activity daily. This includes the execution of check printing and verification of print quality. Confirm receipt of positive pay files submitted to various banks.
- Performs payment adjustments and reviews the paid exceptions and payment clearance functions.
- Responds to employee, vendor and client inquiries regarding payment requests or status.
- Performs user acceptance testing of new system applications.
Qualifications
Successful candidates will possess the following skills/capabilities:
- Bookkeeping and/or accounting experience
- Ability to analyze and report on transactions
- Microsoft Word/Excel skills
- Time management and organizational skills
- Preferred intermediate to advance SAP knowledge - Accounts Payable, Accounts Receivable, General Ledger
The Company is open to considering candidates in numerous locations, including Princeton (NJ) and Cincinnati (OH). The salary range posted below reflects market variations across various locations. The offer will be adjusted per geography. The base salary range anticipated for this position is $50,000- $55,000, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).
The salary estimate is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the Princeton (NJ) job market. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.
At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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