Associate Analyst, Accounts Payable

Brief introduction - Role Summary/Purpose :

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To review, validate and process invoice payments,Stakeholder Engagement,Month-End Close

Responsibilities:Payment Processing and Analysis:

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Prepare, analyze, and execute payment proposals for both third-party vendors and intercompany transactions, adhering to strict scheduled dates and bank cutoff times to ensure timely disbursements.

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Maintain 100% accuracy and efficiency throughout the payment initiation process, minimizing errors and ensuring compliance.

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Initiate manual payments accurately and promptly upon request, managing exceptions effectively.

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Ensure all processed payments are meticulously recorded, and reconciled, providing a clear audit trail.

Stakeholder Engagement and Issue Resolution:

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Proactively engage with crucial stakeholders including banks, subsidiaries, and vendors to facilitate smooth payment operations and address any emerging issues.

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Efficiently respond to vendor and invoice-related inquiries, providing timely resolutions to payment-related issues.

Financial Control and Compliance:

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Prepare and analyze duplicate payment reports to identify and prevent erroneous disbursements.

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Regularly prepare and submit documentation for SOX (Sarbanes-Oxley) and other audit requirements, ensuring full compliance with internal controls and external regulations.

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Conduct regular reviews of debit balances and aged balances in vendor accounts, actively resolving discrepancies to maintain accurate ledger records.

Month-End Close and Process Improvement:

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Ensure the timely and accurate completion of month-end closing activities for accounts payable.

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Actively identify and participate in continuous process improvement initiatives within the accounts payable function, aiming to enhance efficiency, accuracy, and control.

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Ensure that all Standard Operating Business Procedures (SOBPs) are updated in a timely manner, reflecting current processes and best practices.

Invoice Management:

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Review, verify, and accurately post both Purchase Order (PO) and Non-Purchase Order (NON-PO) invoices into the accounting system, ensuring proper coding and approvals.

Required (Education, Knowledge required, Language skills, etc)

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SAP

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GST provisions and withholding tax

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Excel

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Banking Portals

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Indian Import payments for raw materials and services

Preferred Qualification and experience:

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Bachelor's Degree required in Finance

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Min 2+ year experience