Associate/Vice President, Accounts Payable Supervisor - New York City
Company Overview
Markit was founded in 2001 as the first independent source of credit derivative pricing and has recently been announced as the fastest growing private company in the UK. Today, our data, valuations and trade processing services are regarded as the market standard in the global financial markets, helping our clients to reduce risk, improve operational efficiency, and meet regulatory requirements.
As a private company with privileged relationships with 16 shareholder banks, Markit has unparalleled access to a valuable dataset spanning credit, equities and the broader OTC derivative universe. Our unique relationships with the bank shareholders give us the opportunity to work closely with these leading market makers to develop innovative solutions for the marketplace.
With over 1,300 institutions using our independent services as clients - including investment banks, hedge funds, asset managers, central banks, regulators, rating agencies and insurance companies - we provide round-the-clock support from our offices in London, New York, Chicago, Toronto, Amsterdam, Brussels, Frankfurt, Luxembourg, Tokyo, Singapore and Sydney.
Position Summary
The Accounts Payable Supervisor for Markit North America Inc., a subsidiary of Markit Group Limited (“Markit”), is responsible for the day to day operation of accounts payable for three business entities – Markit North America, MarkitWire and FCS. The position reports to the Assistant Controller of North America and currently has one direct report
Markit is a rapidly growing firm, constantly establishing new products and offices globally. The person that satisfies these job requirements will be comfortable with demanding hours and a diverse set of evolving responsibilities. Additional opportunities and responsibilities will accrue to match the capabilities of the candidate.
This position promises a unique opportunity to work in a dynamic, fast growing and entrepreneurial, global company. The applicant will have drive, a can-do attitude, and an ability to juggle a wide variety of responsibilities in a fast-moving environment. The applicant will ideally reside within reasonable commuting distance from the New York City office.
Duties and Accountabilities
- Establishment and maintenance of accounts payable practices to ensure accurate and reliable data that is necessary for business operations.
- Work with the accounts payable clerk to ensure payments are processed on a timely basis.
- Reconciliation of accounts with vendors.
- Streamline the accounts payable cycle.
- Preparation of various management reports including monthly cash requirements and monthly expense accruals.
- Review vendor expenses to ensure expenditures have been properly budgeted.
- Assist with the SAP implementation of the North America vendor file.
- Prepare and file year-end 1099 forms.
- Review travel and entertainment expense reports to ensure expenses adhere to Markit’s travel and entertainment policy.
- Matching, batching and coding invoices including proper General Ledger coding.
- Preparing check runs, wire transfers, daily O/S Check List
- Continually educating departments regarding the purchasing./payables/cash disbursement. policies and procedures.
- Assist with external audits
Business Competencies
- Bachelor’s degree
- Good accounting skills with 5-7 years’ relevant experience.
- Proficient in SAP, QuickBooks, Word, Excel
Personal Competencies
- Ability to work in a team environment
- Able to work in a fast paced environment.
The Contact
Interested applicants should send their CV and a covering letter to careers.na@markit.com citing "Associate/Vice President, Accounts Payable Supervisor" in the subject line.