Job
Description
Relocation Assistance Offered Within Country Job Number #167546 - Mumbai, Maharashtra, India Who We Are Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specialising in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name! Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values Caring, Inclusive, and Courageous we foster a culture that inspires our people to achieve common goals. Together, lets build a brighter, healthier future for all. Job Description Title: AP ANALYST ROLE Brief introduction - Role Summary/Purpose: We are seeking a skilled and experienced Accounts Payable Specialist to join our team. The successful candidate will be responsible for invoice processing, managing vendor relationships, and maintaining compliance with financial policies and procedures. Responsibilities: Invoice Processing & Verification: Review, verify, and post both PO (Purchase Order) and NPO (Non-Purchase Order) invoices from third parties and intercompany accounts Evaluate business requests for invoice and payment processing to ensure timely and accurate execution. Tax Compliance: Ensure that the appropriate Goods and Services Tax and Withholding rates are applied accurately. Financial Closing : Understand and record Goods in Transit and accrual entries during Month/Quarter closing of books, ensuring accurate period-end financial statements. Reconciliation & Reporting: Perform intercompany reconciliations and follow up on aged items for resolution and settlement. Conduct vendor account reconciliations, resolve discrepancies, and obtain required approvals. Generate, analyze, and clear the GRIR (Goods Received/Invoice Received) report. Analyze and resolve issues related to old vendor balances and debit balances. Review open Purchase Orders, highlighting any exceptions that need immediate attention. Payment Processing: Review, prepare, and validate payment proposals. Conduct duplicate invoice checks to prevent erroneous transactions. Internal Controls & Compliance: Ensure that adequate controls are maintained throughout the process to safeguard financial integrity. Prepare and maintain documentation for SOX compliance and support audit activities with timely resolution of queries. MIS & Continuous Improvement: Prepare comprehensive MIS reports for Business Engagement Meetings. Initiate and participate in continuous improvement projects to optimize process efficiency and effectiveness. Support & Issue Resolution: Provide support to address supplier and internal customer inquiries. Ensure the timely resolution of audit queries while adhering to established compliance standards. Required Qualifications: Bachelors degree required or equivalent in Finance & Accounts Minimum 2+ years of proven experience working in accounts payable or a similar role Strong understanding of accounts payable processes and best practices Proficient in utilizing accounting software (SAP) for invoice processing and payment management Preferred Qualifications: SAP Experience, Knowledge of Google suite, MS office Knowledge of financial principles and practices. Working knowledge of Goods & Services Tax and withholding tax ACT Our Commitment to Inclusion Our journey begins with our people developing strong talent with diverse backgrounds and perspectives to best serve our consumers around the world and fostering an inclusive environment where everyone feels a true sense of belonging. We are dedicated to ensuring that each individual can be their authentic self, is treated with respect, and is empowered by leadership to contribute meaningfully to our business. Equal Opportunity Employer Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law. Please complete this request form should you require accommodation.
