Process Specialist-Accounts Payable (On Contract)

Job Purpose

Ensuring timely and accurate completion of Accounts Payable activities within the Finance and Accounts Shared Service Centre. Review and optimize current processes, implementing industry best practices to enhance efficiency and quality. Liaise with internal teams and vendors to facilitate smooth information flow and resolve AP-related issues effectively.

Responsibilities

• First point of reference for all the issues arising in Accounts Payable.
• Ensure that all transactions associated with the process meet the cost, quality and time-related performance standards as set out in the Service Level Agreements (SLA).
• Ensure accounting as per statute & company policy
• Implement best practices
• Ensure effective records/document management
• Look for process improvements on a continuous basis
• Troubleshoot & resolve problems related to Accounts Payable escalated by Associate
• Perform all the accounting related transactions (write off / write back etc.) for AP wherever required.
• Generate MIS in the pre-described format and consolidate the same for AP.
• Ensure that all transactions are processed as per the approved process manual & schedule of authority.
• Prepare AP related schedules on a timely basis for submission to the General Ledger and Finalization and Consolidation team
• Keep Senior Associates abreast with bottlenecks and issues in the processes.
• First point of reference for vendor disputes and reconciliations
• Review and approve debit/credit notes subject to the schedule of authority
• Maintain tax master tax code for the vendors.

Help Associate in maintaining records and reports

Experience

• Minimum of 2-8 years, preferably in manufacturing industry.
• Working knowledge of Accounts Payable process including the relevant accounting & tax concepts
• Awareness of modalities involved in vendor financing process, letters of credits, bank guarantees etc.
• Proficiency in Microsoft Office suite and SAP FI, CO & MM modules.

Qualifications:

• Bachelor's / Master degree in relevant field (e.g., Accounting, Finance or CA / CMA / MBA.(preferably from a Tier I or Tier II college.

• Immediate Joiner Preferred

Key Accountabilities:

• Experience of working in AP areas
• Updated knowledge of Direct & Indirect taxes
• Exposure of documentation system in Accounts areas
• Experience on working on BGs, LCs etc.