Senior Executive- Payments Processing (Accounts Payable)

Role Summary:

The team member is responsible for executing timely and accurate payments to vendors, employees, and other stakeholders in accordance with company policies and contractual terms

Essential:

• Have worked in SAP environment having T-code knowledge
• Experience in shared services / customer facing environment
• Have fair knowledge of the Procure to Pay Process
• Understanding of Standard Operating Procedures (SOP/DTP)
• Good Word, Excel & PowerPoint skills
• Good verbal and written communication skills
• VIM-SAP working knowledge will be added advantage
• Well-in Confidence to handle Multi-Tasking ability and well-verse into it

Overall Project/Task description

• Strong knowledge on SCF, Fund-flow estimation, AP Ageing, Domestic and Forex Payment
• Review payment terms, prioritise payments and co-ordinate with vendors for prompt resolution of payment related issues
• Verify and approve all new requests/changes to the agreed business processes and policies whilst maintaining high levels of understanding, quality and accuracy
• Manage the reimbursement process for employees’ expenses including reviewing expense reports, verifying supporting documentation and ensuring compliance with company policies
• Accounts Payable Vendor helpdesk knowledge- Handling Query Management
• Verify payable information in the system & highlight any data discrepancy
• Responsible for documenting bounced and fraudulent payments and notifying proper authorities as and when such documents are created
• Respond to queries in a timely and accurate manner
• Create data trackers for supporting monitoring activities
• Assist team leader in a timely and appropriate manner with regards to Vendor/Employee Payments and payroll activities
• Accuracy & timelines: Ensure 100% accuracy rate in day-to-day activities to ensure TAT/SLA are met
• Ensure on Validation, reservation and Finalization of due invoices for payment
• Mode of payment knowledge and how it gets execute as per process and vendor requirement
• Ensuring efficient handling of daily business activities and maintaining data integrity.
• GRIR process having end to end P2P knowledge
• Knowledge and co-ordination with Treasury process to sync on payment authorization and execution.
• Identify opportunities for process improvements within the accounts payable function
• Good understanding of the different types of invoice processing
• Prepare the AP open items status
• Good understanding of Sub- ledgers of AP and make sure to take all actions before closing the AP books

Education: Graduate or MBA/Post Graduate bachelor’s in commerce

Location: Mumbai, Airoli & Worli

Working Hours: 8.5 hours/day (UK Shift)