Senior Accounts Payable Associate, Cover Genius
$100-135k
+ Employee Stock Options
B2B insurance and warranty API
Be an early applicant
B2B insurance and warranty API
501-1000 employees
Be an early applicant
$100-135k
+ Employee Stock Options
501-1000 employees
Company mission
To protect all the customers of the world’s largest digital companies.
Role
Who you are
- The ideal candidate is a driven and reliable person with a strong background in accounts payable, exceptional communication skills, a proactive approach to problem-solving, and wants to be part of a global insurtech company with the vision to protect all customers of the world’s largest digital companies
- 5+ years of progressive AP experience, preferably in a senior or lead role
- A diploma in accounting or finance is highly preferred
- Experience working with NetSuite and Coupa preferred
- Strong skills in Microsoft Excel and/or Google sheets
- Strong knowledge of accounts payable principles, general accounting practices, and financial controls
- Excellent customer service and communication skills with the ability to manage vendor and internal relationships effectively
- Ability to work independently and collaboratively in a fast-paced environment
What the job involves
- As a Senior Accounts Payable (“AP”) Associate at Cover Genius, you will be working amongst a rapidly expanding Global Financial Operations team, reporting to the Associate Director, Global Accounts Payable
- This role requires a knowledgeable and resourceful team player who will support and assist in the evolution of the day-to-day AP and T&E transactions while working cross-functionally across the organization
- This role is responsible for managing the full-cycle accounts payable process while ensuring data integrity, fostering strong vendor and internal relationships, and driving process improvements
- Customer Service & Relationship Management: Serve as a primary point of contact for external and internal stakeholders regarding payment inquiries, discrepancies, and resolutions. Foster positive working relationships with all stakeholders
- Invoice Processing & Payments: Review, process, and reconcile Partner and Underwriter invoices in accordance with company policies and payment terms. Ensure accurate and timely payments
- Data Integrity & Compliance: Maintain accurate records, verify approvals, and ensure compliance with company policies and regulatory requirements
- Process Improvement: Identify opportunities for enhancing efficiency within the accounts payable function, including automation and streamlining workflows. Collaborate with cross-functional teams to implement best practices
- Reconciliation & Reporting: Reconcile accounts payable transactions, and resolve any discrepancies relating to Partner and Underwriter reporting. Assist with month-end and year-end closing activities as well as audit support
- Vendor Management: Monitor vendor accounts, resolve outstanding balances, and maintain an up-to-date vendor database. Review onboarding new vendors and ensuring compliance with company policies
Our take
Insurance plans and warranties are staples of a successful digital company, but setting them up is challenging. Businesses must compare and write contracts with insurance providers which require the expensive assistance of legal and financial teams, Add to this the cost of web designers who can embed the service online, and insurance and warranties quickly become unaffordable to smaller businesses.
Cover Genius provides end-to-end APIs called XCover and XClaim for embedding insurance and warranty plans onto online stores, preventing the business from having to compare, arrange and deploy insurance plans themselves. The company's policies are for any business, can be translated into over 40 languages, and are designed to be read easily without unnecessary jargon.
Whilst other insurtech companies offer similar services to Cover Genius, the company has uniquely focused on ensuring its plans are easily readable, translatable, and dynamically priced based on personal requirements. Although the company initially aimed to facilitate insurance and warranty plans for smaller businesses, it also partners with large enterprises such as Ryanair, Amazon, and eBay. In 2024 it secured impressive Series E funding off the back of a year where it achieved 107% year-on-year growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
30% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2024
$80m
SERIES E
Nov 2022
$70m
SERIES D
Total funding: $242m
Company benefits
- Flexible Working Conditions
- Employee Stock Options
- Ongoing Learning
- Paid Parental Leave
- Wellness Initiatives
- When From Home When You Want
- Peer Bonuses and Founder Awards Program
- International Working Opportunities
- GC Gives giveback program, led by the team
Company HQ
Midtown South, New York, NY
Leadership
Angus McDonald
(CEO)They were the General Manager of Emerge Digital. Formerly the VP of International Business Development for iClick Interactive Asia Limited.
Chris Bayley
(CIO)They were the former Business Development Manager for Google. Previously an Investor and Executive Director of Software.com from 2009 to 2019.
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