Who We Are
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization.
Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions.
As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms.
More information about OCC is available at www.theocc.com.
What We Offer
A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:
A hybrid work environment, up to 3 days per week of remote work
Tuition Reimbursement to support your continued education
Student Loan Repayment Assistance
Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
Generous PTO and Parental leave
Competitive health benefits including medical, dental and vision
What You'll Do
The Associate Principal, Accounts Payable will be a key contributor to the accounting department by managing all A/P related inquires, processing service provider/vendor invoices through Oracle, OCC’s ERP system and overall leading the A/P team in daily operations surrounding accounts payable processing in an accurate, timely and efficient manner.
Primary Duties and Responsibilities:
To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.
Lead on all accounts payable related inquires and functions
Manage and delegate payment responsibilities amongst A/P team members
Process, reconcile and allocate payments based on expenditure type utilizing chart of accounts, department, and project codes to properly book to general ledger
Knowledge of fixed assets, capitalization, and prepaid qualifications to properly account for expenses
Assist in 1099 processing
Accounts payable team processes approximately 500+ invoices monthly with the more complicated invoices handled by the A/P Lead
Majority of general ledger entries are created through A/P function
Responsible for working the other internal departments to continuously strive to expedite the payment life cycle process, from purchase order creation to payment execution.
Liaise with internal and external vendors in a timely courteous manner
Implement standard key metrics and performance measures surrounding monthly payment cycles
Review aging reports on a regular basis; research and resolve balance
Continuously review payment process and spearhead A/P related project enhancements
Continuously maintain and improve policies and procedures associated with the A/P function
Qualifications & Experience
Excellent problem-solving High degree of organizational skills
Ability to prioritize and coordinate competing priorities in fast-paced environment
Ability to build strong internal/external customer relationships
Must have a strong attention to detail and high level of accuracy
Ability to adhere to monthly, quarterly, and annual department driven deadlines
Ability to work as part of a team and assist other areas that touch A/P
Technical Skills & Background
Education & Training
Bachelor’s Degree in Business Administration, Accounting, Finance or related field
5+ years of experience in a corporate environment
Previous experience in A/P role
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.
You will receive an email notification to confirm that we've received your application.
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.
For more information about OCC, please click here.
OCC is an Equal Opportunity Employer