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Accounting / Finance
Sumitomo Mitsui Banking Corporation (SMBC) Looking for Accounts Payable Accountant at Jersey City, NJ Full Time
Job Description
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 Rail Services LLC, Manufacturers Bank, 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 $50,000.00and $70,000.00. 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 Temp Hire to assist with the maintenance of the Accounts Payable ledger functions and ensure the payment of all invoices and expense claims for 6 months. The staff will be responsible for the review of invoices entered into Oracle A/P system and the compliance with bank policies and procedures. Vendor Accounting Group is part of the Controller’s group under Planning Department Americas Division. The team works closely with various departments within the Americas Division including Bank Accounting. Reconciliation and Confirmation group, Human Resources, Latin America Representative offices and other subsidiaries. The team is responsible for vendor invoice payment processing, payroll & health insurance benefits funding, expense allocations, employee reimbursements, & other as hoc projects related to Oracle AP.
Role Objectives
- Manages day-to-day accounts payable transactions in USD and foreign currencies and ensures the financial accuracy and timeliness of payment for SMBC and subsidiaries.
- Processes booking of payments in Oracle for Latin America Rep offices and SOFOM; prepares journal entries to reconcile 9 cash account for the Latin America Rep offices and SOFOM.
- Set 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.
Qualifications and Skills
- Knowledge of vendor accounting payment and processes.
- Knowledge of U.S.GAAP with an emphasis on internal controls and policies and procedures.
- Oracle a plus
- Spanish Language a plus
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.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at [email protected].
