Role Summary:
The team member is responsible for executing timely and accurate payments to vendors, employees, and other stakeholders in accordance with company policies and contractual terms
Essential:
- Have worked in SAP environment having T-code knowledge
- Experience in shared services / customer facing environment
- Have fair knowledge of the Procure to Pay Process
- Understanding of Standard Operating Procedures (SOP/DTP)
- Good Word, Excel & PowerPoint skills
- Good verbal and written communication skills
- VIM-SAP working knowledge will be added advantage
- Well-in Confidence to handle Multi-Tasking ability and well-verse into it
Overall Project/Task description
- Strong knowledge on SCF, Fund-flow estimation, AP Ageing, Domestic and Forex Payment
- Review payment terms, prioritise payments and co-ordinate with vendors for prompt resolution of payment related issues
- Verify and approve all new requests/changes to the agreed business processes and policies whilst maintaining high levels of understanding, quality and accuracy
- Manage the reimbursement process for employees’ expenses including reviewing expense reports, verifying supporting documentation and ensuring compliance with company policies
- Accounts Payable Vendor helpdesk knowledge- Handling Query Management
- Verify payable information in the system & highlight any data discrepancy
- Responsible for documenting bounced and fraudulent payments and notifying proper authorities as and when such documents are created
- Respond to queries in a timely and accurate manner
- Create data trackers for supporting monitoring activities
- Assist team leader in a timely and appropriate manner with regards to Vendor/Employee Payments and payroll activities
- Accuracy & timelines: Ensure 100% accuracy rate in day-to-day activities to ensure TAT/SLA are met
- Ensure on Validation, reservation and Finalization of due invoices for payment
- Mode of payment knowledge and how it gets execute as per process and vendor requirement
- Ensuring efficient handling of daily business activities and maintaining data integrity.
- GRIR process having end to end P2P knowledge
- Knowledge and co-ordination with Treasury process to sync on payment authorization and execution.
- Identify opportunities for process improvements within the accounts payable function
- Good understanding of the different types of invoice processing
- Prepare the AP open items status
- Good understanding of Sub- ledgers of AP and make sure to take all actions before closing the AP books