Accounts Payable Manager

Arthur J Gallagher & Co.•Rolling Meadows, IL

53d

About The Position

We seek a highly organized and detail-oriented individual to join our team as an Accounts Payable Manager. The successful candidate will be responsible for assisting the Accounts Payable Director in overseeing the day-to-day operations of the accounts payable department. This role requires strong analytical skills, excellent communication abilities, and a solid understanding of accounting principles. The Accounts Payable Manager will play a crucial role in ensuring accurate and timely processing of invoices, maintaining carrier relationships, and supporting the organization's overall financial health.

Requirements

Associate's degree and 5 years of related experience required.
Requires some functional and industry experience and/or expertise.

Nice To Haves

Bachelor's degree in accounting, finance, or a related field.
Minimum of 5+ years of experience in the insurance industry.
Proven track record of 3-5 years in accounts payable or a similar leadership role.
Strong understanding of accounting principles and practices.
Advanced proficiency in Microsoft Office Suite, particularly Excel.
Familiarity with Agency Management systems such as EPIC and AIM is highly desirable.
Exceptional attention to detail and accuracy in financial operations.
Strong analytical and problem-solving skills with a proactive mindset.
Excellent communication and interpersonal skills to effectively lead teams and collaborate with stakeholders.
Ability to prioritize tasks, manage competing deadlines, and work independently in a fast-paced environment.
Demonstrated ability to maintain confidentiality and handle sensitive information with integrity.
Experience managing extended offshore teams.

Responsibilities

Lead and Manage Teams:
Directly manage a high-performing team of up to 10 onshore staff and provide indirect leadership to a global offshore team of 300 that performs trade accounting payables processing tied to carrier, broker, and client payments.
Foster a culture of accountability, collaboration, and continuous improvement across onshore and offshore teams.
Oversee Payment Operations:
Take ownership of trade accounting payables processing tied to carrier, broker, and client payments.
Ensure the accurate and timely preparation, review, and disbursement of weekly or monthly payment reports to carriers.
Reconciliation and Issue Resolution:
Proactively manage carrier statement reconciliations, identifying and resolving discrepancies with urgency and precision.
Serve as the primary escalation point for carrier payment-related inquiries, collaborating with internal departments to resolve issues efficiently.
Month-End and Year-End Close:
Lead month-end and year-end closing activities, including reconciliations, reporting, and compliance with 1099 requirements.
Ensure all financial records are accurate, complete, and aligned with accounting standards.
Process Improvement and Ownership:
Act as a champion for process optimization by identifying inefficiencies and implementing innovative solutions to enhance accuracy and efficiency.
Drive the adoption of best practices and ensure adherence to internal controls and compliance standards.
Strategic Collaboration and Reporting:
Partner with the Accounts Payable Director to develop and execute strategic initiatives that align with organizational goals.
Provide actionable insights through ad-hoc financial analysis and reporting to support decision-making.

Benefits

Medical/dental/vision plans, which start from day one!
Life and accident insurance
401(K) and Roth options
Tax-advantaged accounts (HSA, FSA)
Educational expense reimbursement
Paid parental leave
Digital mental health services (Talkspace)
Flexible work hours (availability varies by office and job function)
Training programs
Gallagher Thrive program - elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
Charitable matching gift program