Associate Director of Global Accounts Payable, Cover Genius
$147-203k
+ Stock options + Equity
More information about location
B2B insurance and warranty API
Be an early applicant
B2B insurance and warranty API
501-1000 employees
Be an early applicant
$147-203k
+ Stock options + Equity
More information about location
501-1000 employees
Company mission
To protect all the customers of the world’s largest digital companies.
Role
Who you are
- Ten plus years of progressively responsible accounts payable experience in large, complex publicly listed organizations
- Familiarity with revenue accounting across multiple jurisdictions, preferably working with highly complex revenue models
- A minimum of 5 (five) years of management experience with a team of reports, with specific experience managing a team in multiple geographies
- NetSuite, Coupa and Navan experience preferred
- A proven people leader who can also operate independently with experience in delivering projects end-to-end
- Strong stakeholder business partnering capability
- Must be proactive and be able to work well independently and partner with procurement, revenue accounting, reporting, FP&A, Tax and Treasury Teams
- Team building and team leadership
- Must show initiative
- Insurance/Financial Services experience a bonus but not a requirement
- Thrives on collaboration and operates with a strong internal stakeholder mentality
- Uncanny organizational skills and the ability and drive to solve complex problems every day
- Expert multitasker, self-prioritizer, and project manager
- Strong ability to quickly identify both risks and opportunities while maintaining a strong focus on both process improvements and results
- Integrity, maturity, strength of character, and professionalism
- Ability to efficiently and accurately process high transaction volume tasks
- Able to cope with a dynamic and high change environment
- Takes ownership for responsibilities with a positive attitude
- Proficiency with Microsoft Excel
What the job involves
- Reporting to the Senior Director, Global Financial Operations, the Associate Director, Global Accounts Payable will be responsible for the overall leadership and direction of the global Accounts Payable team. This individual is responsible for the efficient and accurate processing of vendor invoices, Travel & Expense, business credit cards as well as any associated adjustments.
- The Associate Director, Global Accounts Payable is the key point of contact for both external stakeholders and internal stakeholders to address any concerns or issues in a timely manner. In particular, this individual will ensure that the AP team integrates seamlessly with the Procurement team to support the joint management of both expense and merchandise suppliers from supplier set-up and maintenance as well as performance monitoring.
- This role will be the “face” of the AP team, and must demonstrate a high degree of customer orientation to meet the needs of internal “customers / business partners” across Cover Genius. The incumbent will be responsible for the overall quality of service delivery from AP to the organization, including acting as an escalation point to resolve and correct any issues / concerns raised by either internal customers or external vendors.
- This role will also form an integral part of the Finance team in providing insights into building out a successful Global Accounts Payable organization
- Provides Leadership and Manages the Accounts Payable function for Cover Genius
- Oversee vendor master file maintenance, including oversight of vendor set up process and ongoing maintenance
- Lead the timely and accurate processing of vendor invoices
- Accounting and period end close as it relates to vendor accounts payable and T&E
- Vendor relations including establishing an AP help desk
- Monitor the invoice processing activities, and proactively manage any issues impacting the accuracy or timeliness of vendor payments
- Act as the “face” of the Accounts Payable team, and exhibit a high degree of customer service for internal “customers / business partners” across the organization
- Acts as the focal point for any performance issues / challenges that are escalated for resolution both within Cover Genius (e.g. Buyers, Procurement) and external suppliers
- Lead the support to Employees on T&E reimbursements serving as point of contact for escalations unresolved by AP Staff
- Develops Expense related procedures and policies to ensure adherence to company guidelines
- Develops and monitors compliance with all financial and accounting policies, including Delegation of Authority (DoA) at all locations to ensure all payments are properly authorized
- Maintains internal control procedures and financial accountability, including ICFRs as they relate to expenses
- Manages monthly closing of AP and posting of month-end information and ensures the accuracy of financial statements including timely completion of Account Reconciliations
- Works closely with the External Auditor as part of their quarterly review / annual audit and is responsible for the preparation/review of audit schedules prepared in Floqast, up to and including a monthly Accounts Payable Aging report
- Responsible for the performance of the geographically distributed AP team, including development, training and promotion/recruitment/terminations
- Leads and participates in special projects as required
- Partner with Global Tax Director to ensure pass-through taxes, such as VAT, GST, US Sales Tax, are reflected correctly
- Partner with the Global Treasury and FP&A Teams in providing support for cash outflows, eg support on cashflow forecasting
- Recommending and driving improvement to processes, systems, and control frameworks
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
Few candidates hear
back within 2 weeks
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: $241.6m
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 values
- We Make It Our Own - We’re proud of who we are and what we do. We bring our own way of doing things and we make it happen.
- We Make It Better - We bring new ideas, think differently and challenge the norm. We look for areas to improve and we own the changes that we desire.
- We Succeed Together - We’re better when we work together. When we need help we always say “yes”. And when we pull it off, we celebrate together.
- We Create Magic - We make hard things simple and old things novel. We’re making world firsts in one of the oldest industries.
Company HQ
Midtown South, New York, NY
Articles
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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