Accounts Payable Associate

Company Overview

Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment.

IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments.

Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.

Job Description and Responsibilities

IBSSI is hiring an Accounts Payable Associate, whose primary responsibility will be to manage our licensed third-party Optical Character Recognition (“OCR”) software that reads and processes global invoices for IBSSI and its affiliates. Invoice processing is time-sensitive, and this position is responsible for the first step in the accounts payable process: ensuring that invoices are properly recorded in our systems and routed for approval when received. Although automated, most systems have exceptions for new data or new formats. The associate will evaluate documents that the OCR system could not process, conclude why the software failed, and subsequently update the software’s understanding of the documents using pre-packaged tools so that, in the future, manual intervention is unnecessary or minimized. Additionally, you will maintain and update the global supplier database in GEP Quantum, ensuring seamless integration and accuracy of supplier data. In this role, you will also process employee reimbursement claims, address vendor and internal queries, and participate in testing new software releases to optimize efficiency. This position is perfect for someone who thrives on developing automated solutions, enjoys independent problem-solving, and is motivated to streamline processes for maximum efficiency.

Key Responsibilities:

• Oversee Accounts Payable OCR software and daily workflows, ensuring timely invoice validation and accurate tax setups in compliance with regulatory standards for prompt vendor payments.
• Manage and maintain the global supplier database in GEP Quantum and Oracle E-Business Suite.
• Review and process employee reimbursement claims in OnBase while ensuring adherence to company policies and guaranteeing timely disbursements.
• Address and resolve queries from vendors and internal departments via email and phone communication.
• Continuously identify opportunities for process optimization to improve efficiency and accuracy in operations.
• Participate in testing new software releases to ensure seamless integration and consider training courses on new features and best practices.

Skills and Qualifications:

• Educational Qualification: A master’s degree in finance, Accounting, or a related field is essential.
• Experience: 3 - 5 years of hands-on experience in managing the end-to-end Accounts Payable process.
• Proficiency in accounting software Oracle E-Business Suite.
• Fluency in English and any additional language is a plus.
• Strong problem-solving and analytical skills.
• Strong attention to detail and organizational skills.
• Excellent communication skills and ability to work well within a team.

Company Benefits & Perks: 

• Competitive salary package.
• Performance-based annual bonus (cash and stocks).
• Hybrid working model (3 days office/week).
• Group Medical & Life Insurance.
• Modern offices with free amenities & fully stocked cafeterias.
• Monthly food card & company-paid snacks.
• Hardship/shift allowance with company-provided pickup & drop facility*
• Attractive employee referral bonus.
• Frequent company sponsored team building events and outings.

* Depending upon the shifts.

**The benefits package is subject to change at the management's discretion.