Accounts Payable Specialist

Job Description

About ZF ZF is a global technology company that supplies systems for passenger cars, commercial vehicles, and industrial technology, driving the next generation of mobility. Our innovative solutions enable vehicles to see, think, and act across four key technology domains: Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility. We offer comprehensive product and software solutions for both established vehicle manufacturers and emerging transport and mobility service providers. ZF electrifies a wide range of vehicle types, contributing to reduced emissions, climate protection, and enhanced safety in mobility. Accounts Payable Specialist (m/f/d) Country/Region: India Designation: Executive / Senior Executive Location: Chennai About the Team: The Accounts Payable team within the Finance Global Shared Service Centre is dedicated to managing and processing vendor invoices and payments efficiently. This team reports directly to the Assistant General Manager (AGM) - AP Tower Head, ensuring compliance with financial policies and maintaining strong vendor relationships. The team is responsible for end-to-end AP operations, ensuring accuracy, compliance, and timely processing of invoices maintaining the quality. Their role is crucial in optimizing cash flow and supporting the financial health of the organization. What you can look forward to as Accounts Payable Lead Vendor Invoice Processing: Accurately processing supplier invoices and matching them with purchase orders and receipts (3-way Matching). Vendor Payment Processing: Ensuring timely and accurate payment of invoices as per the company policy. AP Reconciliation: Reconciling AP ledgers with general ledger accounts and bank statements. Intercompany Reconciliation: To process of matching and resolving financial transactions between different branches or subsidiaries of the same company to ensure their records align. Compliance: Ensuring all AP activities comply with company policies and legal regulations. Query handling & Dispute Resolution: Handling queries and resolving discrepancies with vendor invoices and payments. AP Reporting: Preparing and analyzing accounts payable reports, including aging and payment forecasts. Communication: Strong verbal and written communication skills for interacting with customers and internal teams. Attention to Detail: Ensuring accuracy in all aspects of the AP process. AP Systems Proficiency: Familiarity with financial software like SAP, Blackline Tool, MS Office etc. Your profile as Accounts Payable Lead: Bachelors degree in Accounting, Finance, or a related field. 3 to 6 years of proven experience in Accounts Payable or a similar finance role. Proficiency in ERP systems (SAP preferred) and MS Excel. Strong analytical, organizational, and communication skills. Ability to work independently and collaboratively in a fast-paced environment. Why should you choose ZF Group in India? Innovation and Technology Leadership: ZF is at the forefront of technological advancements, offering a dynamic and innovative work environment that encourages creativity and growth. Diverse and Inclusive Culture: ZF fosters a diverse and inclusive workplace where all employees are valued and respected, promoting a culture of collaboration and mutual support. Career Development: ZF is committed to the professional growth of its employees, offering extensive training programs, career development opportunities, and a clear path for advancement. Global Presence: As a part of a global leader in driveline and chassis technology, ZF provides opportunities to work on international projects and collaborate with teams worldwide. Sustainability Focus: ZF is dedicated to sustainability and environmental responsibility, actively working towards creating eco-friendly solutions and reducing its carbon footprint. Employee Well-being: ZF prioritizes the well-being of its employees, providing comprehensive health and wellness programs, flexible work arrangements, and a supportive work-life balance.