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Accounts Payable Manager

DRW is a diversified trading firm looking for an Accounts Payable Manager to oversee their US accounts payable team, ensuring accurate and timely processing of invoices and payments.

Skills

  • Accounting principles
  • Financial reporting
  • MS Excel proficiency
  • Communication skills
  • Organizational skills
  • Interpersonal skills

Responsibilities

  • Lead, mentor, and manage the accounts payable team.
  • Ensure proper coding, approval, and posting of invoices.
  • Manage month-end closing processes.
  • Act as the primary point of contact for vendor-related inquiries.
  • Collaborate with other departments to streamline workflows.
  • Prepare and file annual 1099 reporting.

Education

  • Bachelor’s degree in Accounting, Finance, Business Administration, or related field preferred

Benefits

  • Group medical, pharmacy, dental and vision insurance
  • 401k with discretionary employer match
  • Short and long-term disability
  • Life and AD&D insurance
  • Health savings accounts
  • Flexible spending accounts
To read the complete job description, please click on the ‘Apply’ button
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CEO of DRW
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Donald R. Wilson, Jr.
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Average salary estimate

$95000 / YEARLY (est.)
min
max
$80000K
$110000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Accounts Payable Manager, DRW

Join DRW, a dynamic trading firm based in Chicago, as our new Accounts Payable Manager! With over 30 years of excellence, we pride ourselves on our sophisticated technology and talented team. Here, we don’t just follow the markets; we innovate within them, trading across a diverse range of asset classes from equities to cryptoassets. As the Accounts Payable Manager, you’ll take the lead in overseeing our US accounts payable team, ensuring that invoices, expense reports, and payments are processed accurately and efficiently. You’ll dive into managing vendor relationships, keeping our financial records immaculate, and ensuring compliance with both internal policies and regulatory requirements. We’re looking for someone with at least 10 years of experience in accounts payable, including a couple of years in a managerial position. If you have exceptional detail-oriented skills and thrive in a fast-paced environment, you will fit right in. Your role will involve not just overseeing payment processes, but also collaborating with various departments to streamline workflows and tackle disputes head-on. Your expertise in accounting principles, along with proficiency in tools like MS Excel, will be invaluable. If you seek a culture that values respect, curiosity, and innovation while setting high expectations, apply to DRW today and help us shape the future of trading!

Frequently Asked Questions (FAQs) for Accounts Payable Manager Role at DRW
What key responsibilities does the Accounts Payable Manager at DRW hold?

The Accounts Payable Manager at DRW is responsible for overseeing the US accounts payable team, ensuring the accurate processing of invoices, expense reports, and payments, and managing vendor relationships. This role also involves leading month-end closing processes, ensuring compliance with internal and regulatory standards, and collaborating with various departments to streamline workflows.

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What qualifications are required for the Accounts Payable Manager position at DRW?

To qualify for the Accounts Payable Manager position at DRW, candidates should possess over 10 years of experience in accounts payable along with 2 years in a management role. A Bachelor’s degree in Accounting, Finance, or Business Administration is preferred, along with strong proficiency in accounting software and excellent communication skills.

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What type of company is DRW and what makes it unique in the trading industry?

DRW is a diversified trading firm that uniquely combines technology with human expertise to navigate global markets. With a presence in diverse asset classes and a strong emphasis on innovation, DRW stands out by leveraging its knowledge across traditional and non-traditional avenues like real estate and cryptoassets.

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How does the work environment at DRW support professional growth for the Accounts Payable Manager?

At DRW, the work environment is designed to foster professional growth. As an Accounts Payable Manager, you will have the opportunity to mentor and manage your team, conduct performance reviews, and guide them in their professional development, all while working in a dynamic, supportive, and collaborative setting.

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What benefits does DRW offer to the Accounts Payable Manager and other employees?

DRW offers a comprehensive benefits package including medical, pharmacy, dental, and vision insurance. Additionally, employees receive a 401(k) plan with employer match, disability insurance, life and AD&D insurance, health savings accounts, and flexible spending accounts, all aimed at providing a well-rounded employee experience.

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Common Interview Questions for Accounts Payable Manager
Can you describe your experience leading an accounts payable team?

Highlight your leadership style, focusing on how you engage and mentor your team to ensure efficient processing. Share specific examples of how you’ve handled challenges or improved processes in previous roles.

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What steps do you take to ensure compliance with accounts payable policies?

Explain your approach to developing and enforcing policies, including your methods for training staff and monitoring compliance. Providing examples of past situations where you've successfully ensured adherence can be beneficial.

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How do you prioritize tasks during month-end close?

Discuss your strategies for time management and organization. Detail how you determine priorities and keep the workflow smooth to avoid bottlenecks during the critical closing period.

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What experience do you have with accounting software like MS Great Plains or Oracle Fusion?

Talk about your familiarity with these systems, mentioning specific tasks you’ve accomplished using them, such as processing invoices or generating reports. If you have learning initiatives, be sure to mention them.

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How do you handle disputes or issues with vendors?

Provide a step-by-step example of a dispute you’ve handled, stressing your communication skills and problem-solving ability. Highlighting successful resolutions will show your competency in this area.

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Can you describe a time when you streamlined an accounts payable process?

Give a detailed account of a specific process you improved, including the challenges faced, the steps you took to implement changes, and the quantifiable results that followed.

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What metrics do you use to evaluate the performance of your accounts payable team?

Discuss the key performance indicators you track, such as processing time, accuracy rates, and vendor satisfaction. Explain how you use these metrics to drive performance improvements.

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How do you ensure attention to detail in a high-volume environment?

Share your methods for maintaining accuracy while working under pressure. This could include double-checking work, implementing checklists, or utilizing technology to mitigate errors.

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Describe your experience in financial reporting related to accounts payable.

Talk about the types of reports you've prepared, how you ensure accuracy, and any experience working with auditors to provide required information.

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Why do you want to work for DRW as an Accounts Payable Manager?

Express your admiration for DRW’s innovative approach and discuss how your career goals align with the company’s values and mission. Mention any specific projects or aspects of DRW that excite you.

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We are a team of innovative and ambitious individuals who use the power of free markets to solve challenging problems, capture opportunities, ​​​​​​​and pursue positive change.

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SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$80,000/yr - $110,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 18, 2025

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