Finance Vendor Management Specialist

Job Description

Sompo has a unique opportunity for a Finance Vendor Management Specialist to join our Finance Operations team. 

As a Finance Vendor Management Specialist, you will play a key role in ensuring the accurate setup and ongoing maintenance of SAP Business Partner accounts. You’ll collaborate closely with cross-functional teams to support efficient vendor onboarding and maintenance while upholding internal controls and compliance standards. The ideal candidate brings strong analytical and communication skills, a collaborative approach, and a commitment to delivering high-quality service to internal stakeholders.

Location: This position will be based out of our Purchase, NY office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Process and maintain Business Partner setup and change requests submitted by cross-functional business teams, including Claims, Operations, Finance, Agency Management, and others as needed.

• Support electronic payment requests by managing the bank verification and setup process.

• Develop, update, and maintain process training guides and standard operating procedure manuals.

• Ensure compliance with documented processes and controls, supporting audit activities as needed.

• Respond promptly to inquiries from Finance and other cross-functional teams, ensuring accurate administration of requests.

• Collaborate on projects requiring Finance Vendor Management support, contributing expertise and insights.

• Provide guidance and training to junior team members, fostering their professional development.

What you’ll bring:

• Minimum of 2 years of finance or administrative experience in a fast-paced corporate environment; insurance industry experience is a plus

• Bachelor’s degree in Business Administration, Finance, Accounting, Computer Science, or a related field; or equivalent professional experience

• Advanced proficiency in MS Office Suite, particularly MS Excel, is required

• Experience with SAP or similar enterprise resource planning (ERP) systems is highly desirable

• Strong initiative, organization, and prioritization skills, with the ability to manage multiple priorities simultaneously

• Excellent analytical and communication skills, with a collaborative mindset and a strong commitment to customer service

• Attention to detail and accuracy

• Problem-solving and critical thinking skills

• Adaptability and flexibility in a dynamic work environment

• Strong interpersonal and teamwork abilities​

Salary Range: $55,000– $75,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience. 

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees. 

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance. 

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution

• Pharmacy benefits with mail order options

• Dental benefits including orthodontia benefits for adults and children

• Vision benefits

• Health Care & Dependent Care Flexible Spending Accounts

• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children

• Company-paid Disability benefits with very competitive salary continuation payments

• 401(k) Retirement Savings Plan with competitive employer contributions

• Competitive paid-time-off programs, including company-paid holidays

• Competitive Parental Leave Benefits & Adoption Assistance program

• Employee Assistance Program

• Tax-Free Commuter Benefit

• Tuition Reimbursement & Professional Qualification benefits

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo. 

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.