Munich Re
The Opportunity
Treasury Services and Accounts Payable Analyst
will process disbursement requests for all outgoing payments. They will support the maintenance of vendor information and onboarding of new vendors while adhering to established controls using the global procure-to-pay system. This role will also process invoices through an Optical Character Recognition (OCR) tool and record incoming receipts in the financial system (SAP). The Company
Munich Re America Services (MRAS)
is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities. As a member of Munich Re\'s US operations, we offer the financial strength and stability that comes with being part of the world\'s preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. Responsibilities
Collect required information for new vendor onboarding and provide bank verification for electronic payments. Support change management for all vendors within the global procure-to-pay system. Validate all incoming invoices through the OCR tool daily. Process all incoming invoices through various global tools and systems. Perform daily processing of cash receipts through SAP – Accounts Receivable and SAP systems. Research and assign the proper tax type and jurisdiction of company expenses submitted for payment. Reconcile disbursement activity with SAP and execute payment run activity daily, including the execution of check printing and verification of print quality. Confirm receipt of positive pay files submitted to various banks. Perform payment adjustments and review paid exceptions and payment clearance functions. Respond to employee, vendor and client inquiries regarding payment requests or status. Perform user acceptance testing of new system applications. Qualifications
Successful candidates will possess the following skills/capabilities: Ability to analyze and report on transactions Time management and organizational skills Preferred intermediate to advanced SAP knowledge – Accounts Payable, Accounts Receivable, General Ledger Location and Compensation
The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company\'s Princeton location. The base salary range anticipated for this position is
$50,000 - $55,000
with the opportunity for a company bonus based on eligible pay. The company offers benefits including health insurance, an employee wellness program, life and disability insurance, a 401(k) match, retirement savings plan, paid holidays and PTO. The salary estimate represents the typical range for candidates hired in Princeton, NJ. Actual salary determined by specific skills, experience, and internal comparisons. Most candidates will start in the bottom half of the range. FAQ and Culture
At Munich Re, we value Diversity, Equity and Inclusion as essential to addressing challenges and opportunities. We strive for an inclusive culture and a workforce that reflects the customers we serve and the communities in which we live and work. We are an equal opportunity employer and provide reasonable accommodations to enable individuals with disabilities to perform the essential functions. Seniority level
Entry level Employment type
Full-time Job function
Accounting/Auditing Industries
Insurance We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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Treasury Services and Accounts Payable Analyst
will process disbursement requests for all outgoing payments. They will support the maintenance of vendor information and onboarding of new vendors while adhering to established controls using the global procure-to-pay system. This role will also process invoices through an Optical Character Recognition (OCR) tool and record incoming receipts in the financial system (SAP). The Company
Munich Re America Services (MRAS)
is a shared service organization that delivers services to all Munich Re US P&C Companies and other group entities. As a member of Munich Re\'s US operations, we offer the financial strength and stability that comes with being part of the world\'s preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. Responsibilities
Collect required information for new vendor onboarding and provide bank verification for electronic payments. Support change management for all vendors within the global procure-to-pay system. Validate all incoming invoices through the OCR tool daily. Process all incoming invoices through various global tools and systems. Perform daily processing of cash receipts through SAP – Accounts Receivable and SAP systems. Research and assign the proper tax type and jurisdiction of company expenses submitted for payment. Reconcile disbursement activity with SAP and execute payment run activity daily, including the execution of check printing and verification of print quality. Confirm receipt of positive pay files submitted to various banks. Perform payment adjustments and review paid exceptions and payment clearance functions. Respond to employee, vendor and client inquiries regarding payment requests or status. Perform user acceptance testing of new system applications. Qualifications
Successful candidates will possess the following skills/capabilities: Ability to analyze and report on transactions Time management and organizational skills Preferred intermediate to advanced SAP knowledge – Accounts Payable, Accounts Receivable, General Ledger Location and Compensation
The Company is open to considering candidates in Princeton, NJ. The salary range posted below applies to the Company\'s Princeton location. The base salary range anticipated for this position is
$50,000 - $55,000
with the opportunity for a company bonus based on eligible pay. The company offers benefits including health insurance, an employee wellness program, life and disability insurance, a 401(k) match, retirement savings plan, paid holidays and PTO. The salary estimate represents the typical range for candidates hired in Princeton, NJ. Actual salary determined by specific skills, experience, and internal comparisons. Most candidates will start in the bottom half of the range. FAQ and Culture
At Munich Re, we value Diversity, Equity and Inclusion as essential to addressing challenges and opportunities. We strive for an inclusive culture and a workforce that reflects the customers we serve and the communities in which we live and work. We are an equal opportunity employer and provide reasonable accommodations to enable individuals with disabilities to perform the essential functions. Seniority level
Entry level Employment type
Full-time Job function
Accounting/Auditing Industries
Insurance We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
#J-18808-Ljbffr