Vendor Accounting - Analyst

 SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $65,000.00 and $80,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC is seeking a full-time candidate to assist with the maintenance of the Accounts Payable ledger function and ensure the payment of all invoices and expense claims. The successful candidate will be responsible for processing invoices into Oracle Accounts Payable (AP) and Coupa systems following compliance with bank policies and procedures. Vendor Accounting Group is part of Accounting under the Financial Strategic Planning Department Americas Division. The team works closely with various departments within the Americas Division including Bank Accounting, Reconciliation and Confirmation group, Procurement, Human Resources, and other subsidiaries. The team is responsible for vendor invoice payment processing, payroll & health insurance benefits funding, expense allocations, employee reimbursements, & other ad hoc projects related to Oracle AP.

Responsibilities

• Daily maintenance of Accounts Receivable and Payable for intercompany allocation
• Generate various intercompany invoices in semi-monthly and monthly interval
• Distribute and follow up on outstanding invoices in timely manner
• Process payroll funding for bank and assigned subsidiaries
• Prepare and upload Journal Entries into Oracle General Ledger
• Expense allocations and reclass adjustments to various departments
• Invoice processing into Oracle AP System and Coupa Platform for SMBC and subsidiaries.
• Sets up new vendor portfolios to comply with regulatory requirements.
• Initiates wire transfer payments in the online banking system.
• Participates in QA tests in established systems to enhance the performance of current software.
• Prepares various reports and corresponds with all levels of management regarding accounting issues including expense and asset types.
• Other Administrative and Ad hoc projects

Qualifications and Skills

• 2 - 4 years similar work experience a plus
• Minimum Four-year