Procure To Pay Operations Analyst

About The Role

Skill required: Procure to Pay - Account Reconciliations

Designation: Procure to Pay Operations Analyst

Qualifications:BCom/MCom

Years of Experience:3 to 6 years
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song" all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.
What would you do? You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions.boosting vendor compliance, cutting savings erosion, improving discount capture using preferred suppliers, and in confirming pricing and terms prior to payment. Responsible for accounting of goods and services, through requisitioning, purchasing and receiving. Also look after order sequence of procurement and financial process end to end. The Accounts Payable Processing team focuses on designing, implementing, managing and supporting accounts payable activities by applying the relevant processes, policies and applications. The team is responsible for timely and accurate billing and processing of invoices, managing purchase and non-purchase orders and two-way and three-way matching of invoices.A type of general ledger account which contains a summary of sub-ledger accounts. Because the reconciliation account only provides a summary, no transactions are directly posted to the account.

What are we looking for?

Commerce Graduate/Chartered Accountant/ICWA/CS with 3 - 5 years of experience preferably in Europe Accounts Payable and retail business.

Candidate must possess good written and verbal communication skills, be well organized, detail oriented, and have an ability to perform in a fast-paced changing environment

Experience working with SAP, Salesforce, Service Now

Shift timings US/Night shifts

You can identify opportunities to reduce manual tasks, negotiate better supplier contracts, and avoid late payment fees.

By streamlining and automating processes from purchasing to accounts payable, you help employees focus on strategic work instead of repetitive, manual tasks

Automated, traceable processes ensure adherence to financial regulations and reduce the risk of fraud.
Roles and Responsibilities:

Interaction with internal and cross-functional teams regarding invoicing and payment (wire ,ACH and Cheque)

Reconcile vendor statements against the AP aging report to identify missing invoices, payments, or credit memos

Support implementation of projects such as electronic invoicing and payment process

Match the total AP balance in the sub-ledger with the liability account in the General Ledger (GL), investigating and resolving any variances.

For companies using 3-way matching, reconcile the GR/IR account to ensure all goods received without an invoice are properly accounted for, and clear any old or unmatched items

Work with relevant departments to identify and record monthly accruals for recurring expenses (e.g., utilities, rent) and goods/services received but not yet invoiced (PO and Non PO)

Post necessary adjusting journal entries for prepaid expenses, ensuring costs are recognized in the correct accounting period

Review and process any vendor credit notes received during the month and apply them against outstanding invoices

Generate and review the Accounts Payable Aging Report to analyze outstanding liabilities and identify any long-overdue invoices.

Produce other relevant reports for management, such as a summary of vendor spend or accrual schedules.

Prepare documentation and schedules to support the final AP balance for the financial statement review.

Perform the final steps to close the AP module for the month, transferring all posted transactions to the GL.

Securely archive all month-end reconciliation documents and supporting materials for future reference and audit purposes

Assist with internal and external audits by providing documentation and explanations related to month-end balances and transactions.

Support team involvement and attend routine team meetings

Ensuring compliance on various process requirements, policies, and regulations by enforcing adherence to standard operating procedures and defined controls.

Ability to comprehend basic statistics and terms involved in the day-to-day business and using the same during process discussions.

Ensure that the SLAs and Operations metrics are met.
QualificationBCom,MCom