Accounts Payable Specialist - Insurance - Valley National Bank

Responsibilities include but are not limited to:


* Invoice Processing -- review, verify and process company, brokers, and vendor invoices. Ensure proper coding, approval and adherence to company policies and procedures.
* Verify and reconcile vendor statements and accounts.
* Reconcile accounts payable transactions, ensuring all discrepancies are identified and resolved promptly with internal and external clients.
* Maintain accurate company, brokers, and vendor records ensuring proper documentation for audits.
* Monitor accounts to ensure payments are up-to-date and avoid late fees or penalties.
* Prepare and process electronic transfers, ACH payments and check payments.
* Assist in month-end and year-end financial closing.
* Support internal audits and external regulatory audits as needed.
* Identify opportunities for process improvements and implement solutions to streamline the accounts' payable function.
* Ensure compliance with insurance industry standards, tax laws, and company policies.





Required Skills:


* Strong understanding of accounting principles and general ledger systems.
* Excellent organization and time management skills.
* Strong attention to detail.
* Ability to work independently and collaboratively in a team environment.
* Strong communication skills for interactions with vendors and internal teams.
* Knowledge of insurance-related financial processes is a plus.

Required Experience:


* High School diploma or GED.
* Minimum of 3 years of experience in accounts payables, preferably in the insurance industry.

Preferred Experience:


* Bachelor's degree in accounting, finance or a related field.
* Knowledge of accounting software Applied Epic, Concur and Microsoft Excel.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled