Firm Overview
Verition Fund Management LLC (“Verition”) is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.
Responsibilities
- Process and review invoices across domestic and international entities, ensuring proper GL coding, cost allocations, and approval workflows.
- Manage vendor onboarding, documentation, and ongoing vendor relationships, ensuring compliance with firm policies.
- Administer the U.S. employee expense reimbursement process through Concur, ensuring compliance with the firm's Travel & Expense Policy while supporting the continued expansion of the global T&E program.
- Respond to vendor and internal inquiries, independently resolving payment discrepancies and other AP-related issues.
- Prepare and review monthly expense allocations, ensuring costs are accurately distributed across entities, departments, and cost centers in accordance with firm methodologies.
- Perform analytical reviews of vendor spend and expense classifications, identifying coding inconsistencies and partnering with Corporate Accounting and FP&A to ensure accurate financial reporting and Budget-to-Actual reporting.
- Own intercompany reporting and reconciliations across all entities.
- Provide cash reporting and month-end close support in coordination with the AP Manager and Controller.
- Prepare and maintain analytical schedules supporting month-end close, Budget-to-Actual reporting, and management reporting for both U.S. and international entities.
- Manage quarterly Sales & Use Tax (SUT) review and filing support.
- Maintain AP documentation standards and support internal and external audit requests, ensuring compliance with firm policies and internal controls.
- Support AP onboarding for new domestic and international entities as the firm's global footprint continues to expand.
- Identify, recommend, and drive process improvements and automation initiatives across the global Accounts Payable function.
Qualifications
- 4–7 years of Accounts Payable or corporate accounting experience.
- Hedge fund, alternative investment, asset management, or financial services experience strongly preferred.
- Bachelor's degree in Accounting, Finance, or a related field.
- Experience working in a multi-entity, global accounting environment with intercompany transactions.
- Familiarity with Sales & Use Tax concepts and compliance.
- Experience with ERP and Accounts Payable platforms; proficiency with StavPay is strongly preferred. Concur experience is a plus.
- Advanced Microsoft Excel skills, including the ability to analyze and reconcile large datasets.
- Ability to collaborate across Accounting, FP&A, Operations, and international teams.
- Excellent written and verbal communication skills.
- High level of intellectual curiosity, strong work ethic, and a keen attention to detail.
- Ability to work effectively in a team-oriented, fast-paced, and dynamic environment.