Accts Payable Spec
Los Angeles, CA, US, 90071
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 $48,000.00 and $60,000.00. 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
Ensure receipts and payments are processed to maximize cash flows and controls are in place to safeguard cash and receivables. Establish proper accounting controls and efficient recording of transactions.
Role Objectives: Delivery
Work to established service level agreements for turnover of invoices looking for ways to improve cash flows (credit, collection, payment) and operational efficiency. Process accounting entries to established control standards being alert for weaknesses in the safeguarding of cash and receivables and payment of authorized vendors.
Role Objectives: Interpersonal
Work cooperatively with business counterparts across the organization and ensure that the cash management and service level goals of the unit are well understood and appreciated and to facilitate efficient workflows. Initiate relationships across boundaries with procurement, IT and treasury and other transaction processing functions to improve straight though processing, control cash more effectively (credit, payment, collection), strengthen accounting controls, and enhance interactions with clients. Begin to work with other finance units to help develop and implement finance and corporate initiatives and improve day-to-day operations.
Role Objectives: Expertise
Exhibit a rudimentary understanding of market best practice to help create efficiencies, improve controls and optimize cash management. Have a working knowledge of the overall business to assist in the streamlining of workflows. Display a basic understanding of accounting principles to ensure proper reporting across a number of transaction types. Develop an understanding of information technology to help gather, manage and monitor key data sets. Apply basic modeling and analytical skills to create meaningful measurement and reporting on key risk exposures and to optimize cash management. Display effective communication skills.
Qualifications and Skills
Recommended years of experience: 0
Additional Requirements
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.
Nearest Major Market: Los Angeles