Accounts Payable Governance Lead
We are seeking a diligent and experienced Accounts Payable manager to oversee the Accounts Payable functions, which are primarily outsourced. The role is crucial in ensuring effective supervisory oversight of our outsourced supplier, ensuring timely and accurate processing of all Accounts Payable activities.
In the Corporate Services division, we provide solutions that enable Morgan Stanley's workforce, across our global workplace locations, to effectively and efficiently work in the service of our clients.
This is a Director level position within Accounts Payable & Receivables, which specializes in maintaining the Purchase Ledger function and ensuring the payment of all invoices and expense claims. Our responsibilities include ledger reconciliation, all invoice and expense claim queries, and accounts receivable.
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Morgan Stanley Budapest is an integral part of the Firm's global critical business functions including Technology, Finance, Risk, Institutional Securities and Wealth Management. Morgan Stanley has been rooted in the Budapest community since 2006 and is considered a leading employer among the area's highly skilled talent. Our innovative team delivers deep technical and mathematical expertise to support the Firm's capabilities in quantitative analysis, data analysis, and risk management. We are relentless collaborators and creative thinkers, fueled by our diverse backgrounds and experiences. We believe in empowering individuals to advance their careers through exposure to innovation, hands-on collaboration and enriching learning and development opportunities.
Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on...
What you'll do in the role:
-Provide supervisory oversight of the outsourced supplier.
-Ensure that the outsourced supplier is complying with the agreed upon service levels and performance standards.
-Conduct Daily/Weekly/Monthly performance reviews of the Procure to Pay (P2P) process.
-Review the Vendor Discount Program and various other ad hoc operational activities and projects.
-Maintaining and updating the risk profiles in the risk assessment systems and communicating changes of internal controls and policies to the outsourced provider.
-Monitor and manage the P2P operational reports and work with the business units and suppliers to resolve invoice and payment disputes or expedite payments.
-Responsible for maintaining and updating team process documentation & opportunities to enhance process efficiencies.
-Help with Indirect Tax compliance processes, preparing reports and supporting information required to support the Indirect Tax classification and journals.
-Approve payments in third-party banking platforms.
-Approve funding of Accounts Payable bank accounts.
-Monthly supervisory review to check authorized signatory requests are approved by the appropriate contacted and approval limits are updated within the system.
-Liaison with internal and external clients, communicate any process and regulatory changes that may impact the Accounts Payable functions. Governance Manager will have regular meetings/calls with key BU stakeholders.
-Manage 1099 and 1042-S processes, ensuring that vendors are coded correctly, and working with Tax Operations team to ensure files sent to the IRS are accurate.
-Support and drive process changes, initiate system upgrades. Process changes can be initiated by the vendor but needs to be reviewed and signoff by Governance team.
What you'll bring to the role:
-4-7 years of Accounts Payable experience
-Knowledge of general accounting principles
-Excellent analytical, problem solving and decision-making skills.
-Effective communicator with client facing experience. Good facilitator, confident in working with others at all levels.
-Very strong team player who is comfortable multi-tasking and works well under pressure.
-Ability & willingness to adapt to new challenges in a dynamic environment and with changing priorities.
-Strong PC skills in use of Microsoft products. i.e. Excel, PowerPoint
-Strong work ethic and drive and attention to details
Educational Requirements
-Bachelor's Degree preferably in Accounting or Finance
#LI-MB1 #BPREP #LI-hybrid
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
We're committed to bringing passion and customer focus to the business.
Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.