Senior Executive- Payments Processing (Accounts Payable)

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.

Responsibilities

Execute timely and accurate payments to vendors, employees, and other stakeholders in accordance with company policies and contractual terms; 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; 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; 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; Ensuring efficient handling of daily business activities and maintaining data integrity; Identify opportunities for process improvements within the accounts payable function; Prepare the AP open items status; Take all actions before closing the AP books

Requirements

SAP environment with T-code knowledge; Experience in shared services / customer facing environment; 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; Multi-tasking ability; Strong knowledge on SCF, Fund-flow estimation, AP Ageing, Domestic and Forex Payment; Accounts Payable Vendor helpdesk knowledge - Handling Query Management; Mode of payment knowledge and how it gets executed as per process and vendor requirement; GRIR process having end to end P2P knowledge; Knowledge and co-ordination with Treasury process to sync on payment authorization and execution; Good understanding of different types of invoice processing; Good understanding of Sub-ledgers of AP; Education: Graduate or MBA/Post Graduate bachelor's in commerce

Nice to have

VIM-SAP working knowledge will be added advantage