What are the responsibilities and job description for the Accounts Payable Lead position at Skyward Specialty Insurance?
Overview
Skyward Specialty is a property and casualty insurance holding company formed in 2007. Based in Houston, Texas, and with staff throughout the country, Skyward Specialty provides admitted and non-admitted solutions to retail and wholesale distributors, managing general agents and captive markets. We have built highly respected businesses in specialty lines including management professional liability, medical stop loss, surety, E&S property and liability, and large commercial property, as well as multi-line solutions for the energy, trucking and construction industries.
At Skyward Specialty, we approach this business differently. In fact, we’re different from most others in our industry in just about every way. We have the spirit of a start-up with the security of nearly $1.7 billion in Written Premium. We put immense brain power and energy into finding greater insights to uncover better opportunities for our clients, partners, and people. We think at a higher level, so they can succeed at a higher level.
We are committed to a Diverse Workforce
Skyward Specialty is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, nativity, neurodiversity, genetics, disability, age, or veteran status. For more information about us please visit www.skywardinsurance.com
Responsibilities
Summary
The Accounts Payable Lead is responsible for managing the end-to-end payment process of invoices for an insurance company. This includes ensuring the accuracy, efficiency, and timeliness of invoice processing and payment. The AP Lead also ensures compliance with company policies, and both internal and external audit requirements. Additionally, the role involves addressing payment discrepancies, implementing process improvements, and mentoring the AP team to ensure timely and accurate financial reporting.
Principal Duties and Responsibilities
- Respond to inquiries from other departments in a timely and professional manner
- Collaborate and build positive rapport with all levels of staff and management across functional areas required
- Mentor accounts payable staff, providing guidance as needed
- Assist in the accounts payable monthly closing process by updating reports to support the reconciliation of memo checks
- Assist in analyzing the quarterly accrual reports to ensure their accuracy and completeness
- Research account transactions and provide detailed responses to inquiries and requests for further information
- Retrieve information needed in conjunction with annual external audits under the direction of the AP Manager and/or the AP/AR Director
- Ensure fair and ethical policies and practices in all relationships and operations
- Adhere to all internal and external accounting controls for processes
- Review and verify invoices and expense reports, ensuring compliance with company policies and resolving any discrepancies
- Enter invoice information and process payments in a timely manner
- Assist in the annual 1099 reporting for AP
- Additional responsibilities and opportunities may be identified based on current business needs
Qualifications
Knowledge, Skills and Abilities.
- Strong math and analytical skills and numerical reasoning
- Expert communication and listening skills, work cohesively in a team-oriented environment with others
- High level PC and software applications and capabilities
- Exercise initiative, demonstrates adaptability, service motivation, respects the differences of others, and accepts personal responsibility
- Able to work overtime or undesirable hours on short notice.
- Strong knowledge of accounting principles and practices
- Proficiency in accounting software and Microsoft Office Suite, especially Excel.
- Excellent attention to detail and organizational skills.
- Strong communication and interpersonal skills.
- Ability to handle multiple tasks and meet deadlines
Qualifications, Education and Experience Preferred
- Minimum 3 years’ experience in AP
- A highly organized individual is required
- General Insurance Knowledge is a plus
- Experience with Concur or similar expense management systems
Compensation & Benefits
The base pay offered will be determined by factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. In addition to the base salary, this opportunity may be eligible for performance-based incentives.
We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition and professional certification assistance, 401k savings, elective participation in the Employee Stock Purchase Program, paid time off, paid holidays, and child bonding leave, as well as other employee assistance programs.