Manager - Accounts Payable

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.Role OverviewThe Accounts Payable Manager is responsible for overseeing day-to-day accounts payable operations for the Fund Accounting team. This role supports the accurate processing of invoices charged to investment funds and corporate entities, ensuring payments are executed in accordance with fund documents, internal controls, and firm policies. The Manager partners closely with Corporate Accounting, Treasury, Legal, and external vendors to maintain a consistent, well-controlled AP process.Key ResponsibilitiesOversee daily AP processing activities across fund and corporate entitiesReview invoice allocations to funds and legal entities for accuracy and complianceEnsure proper invoice coding, including review against LPAs, contracts, and engagement lettersApprove and oversee high‑volume accounts payable wire payments, ensuring transactions are executed in accordance with approved controls, authorization matrices, and cut‑off timelines, with escalation of exceptions as neededConfirm appropriate approvals are obtained prior to paymentCoordinate resolution of vendor inquiries and invoice discrepanciesPrepare and review invoice uploads into accounting systemsReview and approve new vendor and fund setup requestsSupport reporting of AP activity to third-party fund administratorsAssist with Due From Funds (DFF) reviews related to AP reimbursementsCoordinate with Treasury on vendor payment execution and schedulingEnsure remittance advice is distributed to vendors timelyAssist with review of bank reconciliations related to AP activityTrack fund reimbursements and ensure proper application to open invoicesSupport month-end close activities related to accounts payablePrepare or review journal entries related to AP and fund reimbursementsReview balance sheet reconciliations prepared by AP staffEnsure AP documentation and support is audit-ready and well organizedProvide day-to-day guidance to AP staff and outsourced service providersReview work product for accuracy, timeliness, and adherence to proceduresAssist with training, documentation, and process improvement initiativesEscalate issues, risks, or control gaps to senior leadership as appropriateSupport the implementation and ongoing enhancement of accounts payable systems, including participating in requirements gathering, user acceptance testing, data validation, workflow design, and post‑implementation stabilization, in partnership with Treasury, IT, and Fund Accounting stakeholdersQualifications3-5 years of experience in accounts payable, fund accounting, or related finance rolesExperience supporting investment funds or complex legal entity structures preferredStrong understanding of invoice processing, approvals, and payment controlsFamiliarity with accounting systems such as NetSuite, StavPay or similar platformsStrong attention to detail and ability to manage multiple prioritiesEffective communication skills and ability to partner cross-functionallySalary Range: $120,000 - $130,000The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all. As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.Candidates must be at least 18 years old to apply.Developing People at StepStone