Accounts Payable (12-18 Month Project)

Job Level: No Corporate Title

Job Function: Administrative Support

Location:

Jersey City, NJ, US, 07311

Employment Type: Full Time

Requisition ID: 8359

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 $80,000.00 and $120,000.00. 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 project employee to assist with the Accounts Payable Strategic Projects function and ensure successful programs progression. The successful candidate will be responsible for supporting A/P projects in relation to Oracle Accounts Payable (AP) and Coupa systems following compliance with bank policies and procedures. Procurement Operations - Accounts Payable group is under the Financial Strategic Planning Department Americas Division. The team works closely with various departments within the Americas Division including Corporate Accounting, Bank Accounting group, Procurement, Human Resources, and other subsidiaries. The team is responsible for leading strategic projects for Accounts Payable, Accounts Receivable, Accrual, Fixed Asset, expense allocations & other ad hoc projects related to Oracle AP.

Role Objectives: Delivery

• Lead strategic A/P Projects from planning through implementation, ensuring projects are delivered on time and within scope.
• Experience with managing intercompany allocation processes for shared costs across entities, preparing supporting schedules, reconciling balances, and ensuring timely and accurate month-end entries.
• Partner with Corporate Accounting team to coordinate accounting treatment of Fixed Assets and expense allocations via the Procurement end to end workflow.
• Process monthly accruals by reviewing purchase orders and ensuring the accurate recording of journal entries in accordance with accounting policies.
• Identify opportunities to improve A/P processes, including automation, standardization, efficiency, and cost reduction.
• Collaborate with Finance, Procurement, IT, Operations, and other Stakeholders to implement cross-functional initiatives.
• Support ERP and A/P system implementations or enhancement, including requirements gathering, testing, issue resolution, and implementations.
• Evaluation current A/P workflows and controls and recommend improvements to strengthen accuracy, compliance, and operational efficiency.
• Develop project plans, timelines, milestones, and status reporting for key initiatives.
• Manage multiple projects and competing priorities, ensuring appropriate follow-up and escalation of risks or issues.
• Analyze A/P data and metrics to identify trends, bottlenecks, payment opportunities, and areas of improvement.
• Coordinate UAT and system testing, documenting test cases, identifying defects, and working with technology teams through resolution.
• Drive automation initiatives, such as workflow improvements and reduction of manual processes.
• Assist with change management and implementation, including communication, training, and user adoption.
• Monitor project outcomes and measure benefits against established objectives and success metrics.
• Ensure strategic projects align with internal control, accounting policies, compliance requirements, and business objectives.
• Prepare presentations and executive-level project updates highlighting process, risks, issues, and key decisions required.
• Other Administrative and Ad hoc projects.

Qualifications and Skills

5 – 7 years of similar work experience a plus
Minimum Four-year Degree in Accounting or Finance required
Strong knowledge of financial accounting, A/P, A/R processes, Fixed Asset, Accruals, Month end closing, Project management, and ERP/System implementation.
Experience working with analytics tools such as Alteryx, PowerBI and advanced proficiently in Excel
Knowledge of U.S. GAAP with an emphasis on internal controls and policies and procedures
Advanced working knowledge of Microsoft office applications (i.e., Excel, Word, Outlook, PowerPoint, etc.)
Can work independently and highly organized and detail-oriented individual
Has time management skills, flexible and able to work well under pressure and tight deadlines

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.