Expenses Accounting Manager

The position is accountable for service quality, period-end close activities, team development, and stakeholder satisfaction while driving the harmonization, standardization, and automation of expense accounting processes across regions.

Working closely with Finance teams, local CFOs, Cost Controlling, Procurement, Treasury and external providers, the role operates in a global environment requiring regular collaboration across EMEA, US, and APAC time zones. 

The position follows a hybrid working model, requires a visible presence within the Bucharest organization, and may involve occasional travel to supported locations. Flexibility in working hours may also be required during critical month-end, quarter-end, and year-end closing periods.

This is an excellent opportunity to lead an international accounting organization, shape the future operating model for expense accounting, build and develop a high-performing team, and contribute directly to transformation, process optimization, and automation initiatives.

• Organize and support the further development of the Expenses Accounting team 
• Collaborate closely with the two Team Leads responsible for the EMEA and APAC/US perimeters, ensuring alignment of priorities, workload, and service delivery.
• Manage Expenses Accounting activities for the US, APAC, and selected EMEA entities, in coordination with Procurement, Reporting & Closing, Cost Control, Expenses Performance and other Finance teams based in US and APAC.
• Ensure that processes, procedures, and controls are efficient, harmonized, and consistently applied across the entities within scope. 
• Build and maintain strong relationships with internal stakeholders and external service providers to ensure high-quality service delivery.
• Drive continuous improvement initiatives, standardization, and automation of expense accounting processes across the supported regions.

People leadership and team development:

• Lead, coach, and develop an international team, creating clarity around responsibilities, priorities, and expected results.
• Set individual and team objectives and monitor performance against agreed service and quality indicators.
• Support succession planning, knowledge transfer, and capability development across the team.
• Foster collaboration, inclusion, accountability, and continuous improvement across locations.
• Manage workload and capacity across the supported regions, addressing risks and competing priorities.
• Provide regular feedback and support employee engagement and professional development.
• Partner with the Team Leads to ensure consistent management practices and effective communication across the organization.

Operational activities:

• Payment-run governance, controls, timely execution, and resolution of escalated issues.
• Timely reconciliation of intercompany balances and transactions, ensuring resolution of outstanding differences in line with the closing calendar.
• Oversee and support period-end closing activities related to expense accounting, including accruals, prepayments, and related controls.
• Ensure accurate and timely preparation of VAT and other relevant statutory declarations in compliance with local legal requirements and deadlines.
• Ensure compliance with accounting policies, internal controls, and delegated authorities across all accounts payable activities.

Accounts Receivable:

• Ensure appropriate monitoring, collection, and escalation of overdue receivables.
• Monitor receivable balances and drive timely resolution of outstanding items.
• Oversee the assessment and monitoring of allowances for doubtful accounts.

Fixed Assets Accounting:

• Ensure appropriate governance over asset creation, capitalization, useful-life determination, depreciation, transfers, disposals, and retirements.
• Oversee the accuracy and completeness of fixed-asset accounting and depreciation processes.
• Oversee fixed-asset inventories and ensure the timely resolution of discrepancies.

Supplier and Customer Master Data Management:

• Oversee the creation, maintenance, and governance of supplier and customer master data.
• Ensure account reconciliations are performed accurately and timely, with appropriate escalation of unreconciled items.
• Ensure accurate VAT accounting records and timely preparation of information required for statutory declarations.
• Maintain effective controls to ensure data quality, regulatory compliance, and operational efficiency.

Finance Transformation and Continuous Improvement:

• Lead and support initiatives aimed at harmonizing, standardizing, and automating expense accounting processes across regions.
• Drive continuous improvement initiatives to enhance efficiency, strengthen controls, reduce manual activities, and improve service quality.
• Contribute to the evolution of the target operating model for expense accounting.
• Promote collaboration, inclusion, and knowledge sharing within a multicultural and internationally distributed organization.

Service Delivery and Stakeholder Management:

• Ensure the delivery of high-quality, consistent, and efficient accounting services to internal clients and stakeholders.
• Build and maintain strong relationships with Finance teams, local CFOs, Cost Control, shared services providers, and external partners.
• Collaborate closely with other Finance leaders to drive alignment, operational excellence, and continuous improvement.
• Foster a client-focused culture and ensure that service delivery meets agreed expectations and service levels.
• Act as the primary escalation point for significant operational, service, or stakeholder issues.

The Expenses Accounting Manager is accountable for ensuring:

• Timely, accurate, and compliant financial closing across the supported entities.
• Compliance with accounting policies, regulatory requirements, and internal control standards.
• Stable, efficient, and high-quality service delivery across Accounts Payable, Accounts Receivable, Fixed Assets, and related accounting processes.
• Standardization, harmonization, and automation of processes across regions to improve efficiency and reduce manual activities.
• Effective management of internal stakeholders, external providers, and cross-functional relationships.
• Development, engagement, and succession planning of a high-performing accounting team.
• Continuous improvement of operational performance, controls, and customer satisfaction.

Success in this role will be evaluated through a combination of operational, people, and transformation objectives, including:

• Adherence to month-end, quarter-end, and year-end closing timetables.
• Accuracy and timeliness of payments and accounting transactions.
• Timely resolution of reconciliations and outstanding items.
• Strength of the internal control environment and remediation of audit findings.
• Service quality and stakeholder satisfaction.
• Progress in automation, standardization, and process improvement initiatives.
• Achievement of service-level commitments and operational performance objectives.
• Team engagement, capability development, and succession readiness.

• University degree in Accounting, Finance, Economics, or a related field

• 7 to 10 years of relevant experience in accounting, including demonstrated experience in leading teams or coordinating complex international accounting operations

• Strong knowledge of accounts payable, accounts receivable, fixed assets, VAT, closing activities, and financial controls

• Experience working across multiple entities, countries, or locations

• Strong stakeholder-management and communication capabilities

• Ability to manage competing priorities and tight closing deadlines

• Fluency in English

Preferred experience

• Experience in insurance, reinsurance, or another regulated financial-services environment

• Experience in a shared-services, global-business-services, or regional finance organization

• Knowledge of SAP and related finance systems

• Experience with process standardization, automation, and finance transformation

• Experience managing external service providers

Key Competencies

• Proven people-leadership experience, including coaching, performance management, and team development 

• Clear and proactive communicator with strong influencing, negotiation, and stakeholder-management skills 

• Strong internal-client and service-delivery orientation.

• Strong problem-solving and analytical capabilities 

• Adaptable and comfortable operating in a changing international environment 

• Able to constructively challenge stakeholders and negotiate priorities when required 

• Demonstrates high ethical standards, sound judgment, and integrity.

• Strong organizational skills with the ability to manage multiple priorities and meet demanding deadlines.

• Continuous improvement mindset with a focus on standardization, automation, and operational excellence.

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.