Accounts Payable Manager

Firm Overview Verition Fund Management LLC (“Verition”) is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Fixed Income & Macro, Event & Multi-Asset RV, Equity L/S & Capital Markets, and Quantitative Trading. Department Overview The Finance team is responsible for the financial reporting, accounting, and control activities supporting the firm and its investment platform, through Fund Accounting, Corporate Accounting, Global Compensation and Payroll, and the Office of Vendor Management. Finance partners closely with investment teams and other teams across the firm to provide accurate, timely financial information, maintain a strong control environment, and support the firm's strategic and operational objectives as it grows. Responsibilities Lead, develop, and mentor the global Accounts Payable team, including the Senior AP Specialist and AP Analysts. Oversee the day-to-day Accounts Payable function, ensuring timely, accurate, and controlled invoice processing, review, and payment execution across domestic and international entities. Review and approve invoices submitted by the AP team, ensuring accurate GL coding, expense allocations, departmental classifications, and compliance with firm policies and budget methodologies. Oversee the firm's procurement, vendor onboarding, employee expense reimbursement (Concur), and corporate card programs, ensuring compliance with firm policies, approval workflows, and internal controls. Drive AP technology, workflow automation, and payment modernization initiatives. Govern the monthly expense allocation process across all management company entities, ensuring consistency with firm methodologies and accurate financial reporting. Partner with FP&A and Corporate Accounting to ensure accurate expense classifications, budget alignment, and high-quality management reporting. Review significant vendor spend trends and expense coding, proactively identifying opportunities to improve coding accuracy, strengthen controls, and reduce post-close reclassifications. Manage month-end AP close activities, including accruals, vendor reconciliations, cash reporting, and other close deliverables. Partner with the Controller on cash management, intercompany settlements, and financial reporting. Ensure compliance with Procurement, Travel & Expense, Corporate Card, and Accounts Payable policies while maintaining a strong internal control environment and supporting internal and external audit requests. Manage relationships with external AP consultants, service providers, and strategic vendors. Identify and lead continuous process improvement initiatives to enhance efficiency, scalability, and controls across the global Accounts Payable function. Qualifications 7–10 years of progressive Accounts Payable or corporate accounting experience, including 3+ years in a management or team lead role. Hedge fund, private equity, alternative investment, or financial services experience strongly preferred. Bachelor's degree in Accounting, Finance, or a related field.   Demonstrated experience managing multi-entity, global Accounts Payable operations. Proven track record leading AP process improvements, workflow automation, and technology implementations. Experience with Accounts Payable workflow and ERP platforms; StavPay experience strongly preferred. Experience with expense management platforms (e.g. Concur) and corporate card programs (e.g., American Express, Extend, or similar). Strong understanding of internal controls, expense allocations, vendor management, and month-end close processes. Strong people management, coaching, and team development skills. Excellent organizational, project management, analytical, and communication skills. Ability to build strong cross-functional relationships and effectively manage competing priorities in a fast-paced, evolving environment. The annual base salary range for this position is $100,000 to $150,000 (USD). In addition to base salary, this position is eligible for a discretionary performance bonus and a comprehensive benefits package. Actual compensation offered to the successful candidate will be determined based on a variety of factors such as geographic location, work experience, qualifications, and skill level.