Manager - Payables And Expenses

About Acrisure

A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, we connect clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, mortgage services - and more.

In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in more than 20 countries. Our culture is defined by our entrepreneurial spirit and all that comes with it: innovation, client centricity and an indomitable will to win.

Job Summary:

The Manager of Payables and Expenses is responsible for leading a team that manages the end-to-end payable cycle including the accurate and timely processing of commissions related to producers/brokers. In addition, this role will include the processing of contractor and carrier payments timely and efficiently. This role plays a vital part in ensuring commission structures are applied correctly and payments align with contractual agreements and regulatory standards. Additionally, the role requires a strong understanding of insurance industry practices, compliance with internal controls, exceptional attention to detail, and excellent leadership skills.

Responsibilities:

• Reconciliation Oversight:

• Oversee and manage carrier payable operations, ensuring accurate and timely completion of tasks related to carrier invoices and payments.

• Verify invoice details against supporting documentation and receiving reports.

• Review third-party detail for contractors and promptly remit related payments.

• Ensure proper coding and allocation of expenses to correct departments and policies.

• Schedule and prepare payments (checks, ACH, wire transfers) in accordance with payment terms.

• Reconcile monthly statements and resolve outstanding balances or discrepancies.

• Manage month-end and year-end closing processes for payables and expense accounts, including journal entries and reconciliations.

• Process regular commission payments based on policy sales, renewals, and overrides.

• Oversee and manage accurate and up-to-date broker and contractor records, including payment information and tax forms (e.g., W-9, 1099s).

• Investigate and resolve discrepancies in payments or disputes raised by agents and contractors.

• Reconcile commission activity with the general ledger.

• Monitor commission schedules and ensure adherence to payment cycles and compliance requirements.

• Analyze outstanding payables and aging reports on a regular basis.

• Team Management and Development:

• Manage, mentor, and develop a high-performing team of accountants, ensuring alignment with the department's objectives and the company's overall goals.

• Manage month-end, quarter-end, and year-end closing processes for accounting operations to ensure accuracy and timely reporting.

• Support a culture of continuous improvement and professional growth, promoting skill development and career progression within the team.

• Review performance metrics and conduct regular performance reviews.

• Financial Reporting and Analysis:

• Support requests to provide insights and analysis on financial results, highlighting key trends and variances that help support actionable recommendations in partnership with the FP&A and Operations teams.

• Ensure the accuracy of financial reports for internal stakeholders, including monthly and quarterly financial statements, as well as any ad-hoc financial and production reports.

• Support requests from internal and external auditors to ensure smooth audit processes and compliance with all regulatory requirements.

• Review supporting documentation and release bank wires for payments.

• Policy and Compliance:

• Ensure all financial accounting activities comply with applicable laws, regulations, and internal policies, including the adherence to SOX (Sarbanes-Oxley) controls.

• Process Improvement:

• Recommend and support process improvements to streamline accounting operations, enhance reconciliation procedures, and reduce manual effort and errors.

• Support the implementation of new financial technologies to improve efficiency and reporting accuracy.

• Collaborate with Acrisure's Intelligent Automation and Consolidation Accounting teams to automate account reconciliations between agency management systems and Workday when assigned.

Requirements:

• Bachelor's degree in accounting, finance, or related field.
• Minimum +5 years of experience in carrier and producer/broker payables.
• Minimum +3 years of experience managing a team preferred.
• Insurance industry accounting background preferred.
• Understanding of agent/broker commission agreements.
• Understanding of accounting principles, financial reporting standards (GAAP), and financial regulations.
• Knowledge of insurance brokerage/related industry accounting.
• Experience with SOX compliance, audit processes, or internal controls.
• Understanding of agent/broker compensation models.
• Strong leadership, communication, and interpersonal skills.
• Strong analytical and problem-solving skills.
• Ability to manage multiple priorities and work effectively under pressure.
• Show initiative to complete work without the prompting of others.
• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with agents, carrier partners and internal stakeholders.

Candidates should be comfortable with an on-site presence to support collaboration, team leadership, and cross-functional partnership

Benefits and Perks:

• Competitive compensation
• Flexible vacation policy and paid holidays, plus paid sick time off
• Medical Insurance, Dental Insurance, Vision Insurance, Disability insurance (short-term and long-term), Pet Insurance
• Employee-paid supplemental insurance options
• Company-paid group life insurance
• Employee Assistance Program (EAP) and Calm App subscription
• Vested 401(k) with company match and financial wellness programs
• FSA, HSA and commuter benefits options
• Paid maternity leave, paid paternity leave, and fertility benefits
• Career growth and learning
• …and so much more!

Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations

Making a lasting impact on the communities it serves, Acrisure has pledged more than $22 million through its partnerships with Corewell Health Helen DeVos Children's Hospital in Grand Rapids, Michigan, UPMC Children's Hospital in Pittsburgh, Pennsylvania and Blythedale Children's Hospital in Valhalla, New York.

Welcome, your new opportunity awaits you.

#LI-Onsite

Acrisure is committed to employing a diverse workforce. All applicants will be considered for employment without attention to race, color, religion, age, sex, sexual orientation, gender identity, national origin, veteran, or disability status. California residents can learn more about our privacy practices for applicants by visiting the Acrisure California Applicant Privacy Policy available at www.Acrisure.com/privacy/caapplicant.

To Executive Search Firms & Staffing Agencies: Acrisure does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Acrisure's property, and Acrisure will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Acrisure's Human Resources Talent Department.