Explore
Close

Associate Principal, Accounting

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


Supervisory Responsibilities

  • None


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

  • Proficient with Microsoft Office required

  • Knowledge of Oracle ERP software preferred

Certifications

  • None Required


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

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.  

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
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

Apply About OCC
  • REQ-2703
  • Chicago - 125 S Franklin
  • Full Time Regular
  • Posted: May 23, 2022

How to Apply

Step 1 - When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

Step 2 - You will receive an email notification to confirm that we've received your application.

Step 3 - If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

OCC is an Equal Opportunity Employer

Numerous studies have shown that people from groups that are traditionally under-represented in financial services apply to jobs only if they believe they meet 100% of the requirements. We want to break down this mindset to further diversify our workforce.

We encourage you to review our open positions and apply if you think your experience may be a match, even if you do not meet all of the qualifications. Your perspective may be an element we need to continue building innovative solutions to support the markets and market participants we serve.

OCC is a globally recognized entity that clears a multitude of diverse and sophisticated products. We want to reflect this in the diversity of our workforce.

Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy. Do not accept analytic cookies Accept analytic cookies