Accounting Services Associate IV

Conduent

5 - 10 years

1 - 5 Lacs

bengaluru

Posted:2 months ago| Platform:

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Skills Required

microsoft office applications accounts payable auditing rtp procurement purchase accounting buyer activities contract compliance working capital business administration service procurement vendor development management audit spend analytics

Work Mode

Work from Office

Job Type

Full Time

Job Description

Snapshot of the role:

This position is responsible for recovery audits in the Procurement and Accounts payable area. Here these auditors perform a secondary recovery audit that will identify losses across a comprehensive range of claim types. Job responsibilities are:

Accounts payable audits and supplier statement auditsto help identify and recoup duplicate payments, missed discounts, uncaptured vendor statement credits and more.
Pricing and contract compliance auditsthat explore direct and indirect spend to ensure negotiated prices and terms are making their way to client\u2019s bottom line.
Complete allocated audit assignments in a thorough and timely fashion. Assignments include complex duplicate payment review, statement review, contract audits, deal audits, buyer\u2019s file audits, and research into a client\u2019s systems or data in search for claim opportunities.
Generate valid and fully researched claims that result in revenue.
Go way beyond ERP based controls to catch and recover overpayments!
Prevent overpayments and fraud, improve S2P processes, perform self-audits and make strategic decisions.
Understand the logic behind most of the claim types and the arguments as to why the claims are valid.
Follow the audit project instructions assigned by the Audit Manager while also reflecting on ways to improve the audit project\u2019s scope and cycle time. Communicate these areas to fellow analysts and audit manager.
Strong knowledge of RTP environment as a whole: Procurement services- Spend analytics, Pricing and contract compliance, AP process and systems, Freight processing etc...
Understand the fields within the client data sets and the possible uses for locating and validating claims within that data.
Understand the business rules and basic logic behind the record sets that are being reviewed. Also, knowledge of how to construct basic scoping documents for new qualified records.
Communicate respectfully and professionally with all client and vendor personnel.
Handle all vendor correspondence for the claims generated and effectively gain approval for claims that are valid.
Effectively communicate with buyer\u2019s \u2013 including claim presentation and effectiveness in obtaining buyer approvals

Required Skills:

Fundamental knowledge of accounting principles and familiarity with Accounts Payable and Procurement functions
Strong analytical skill set and a strong desire to perform extensive research and draw conclusions from that research.
Self-starter with the capability to analyze a client\u2019s systems, business rules, and data without detailed instructions.
Ability to handle autonomous research.
Knowledge of client ERP systems, as well as ability to learn process and procedure quickly.
Transformation mindset to drive compliance, reduce fraud and improve working capital.
Adapt at working in fast-paced work environments and adapting to change.
Exceptional ability to multitask, including seamlessly transitioning between different ERPs and accounts.
Outstanding verbal and written communication skills for communicating with internal staff, clients, and their suppliers.
Well-developed time-management skills, with the ability to plan one's tasks and self-manage progress toward task completion.
Proficient in Microsoft Office application

Required Experience

Associate degree in accounting or business administration, or equivalent; bachelor\u2019s degree preferred. Relevant work experience may be considered in lieu of a degree.
5+ years of services in the domain; Procurement, Accounts Payable and Audit

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