Accounts Payable

Job Description

Job Purpose:

As a Process Specialist in Accounts Payable within the Finance Shared Service Centre, the primary aim is to ensure accurate accounting and processing of Accounts Payable transactions. This involves conducting thorough three-way matches, preparing debit and credit notes, posting details in SAP, reconciling vendor accounts, maintaining records, and providing support for monthly consolidation and process adherence, ultimately contributing to the cost-effective, timely, and quality-driven performance standards set out in SLAs.

Responsibilities

• Carry out 3 way match to ensure correctness of the invoice processing
• Posting of approved debit and credit notes provided by business teams and clearing of the same against respective invoice.
• Post the actual details in SAP based on the documents received.
• Verify the invoices sent by the vendors against the purchase orders/ goods receipt note to identify variations and inform the respective departments (if any).
• Post the invoices in the SAP system and clearing against advances / payments.
• Creating vendor payment proposals, scheduling payments, and ensuring timely payments to vendors.
• MIS Reports on creditors aging and vendor payments
• Adherence to approval mechanisms
• 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).
• Perform accounting functions as per statute & company policy
• Implement best practices
• Act as buddies for new recruits for job orientation

Experience:

• Graduates with 0-4 years of experience, preferably in the manufacturing industry.
• Experience in Accounts Payable processes is essential.
• Proficiency in Microsoft Office suite and familiarity with SAP FICO & MM module is required.
• Strong service orientation with the ability to promptly meet vendor-related requirements and handle ad-hoc tasks.
• Demonstrated interpersonal skills including seeking guidance to resolve issues and collaborating with team members when necessary.
• Good communication skills and effective command over language are desirable

Qualifications:

• Bachelor’s degree in relevant field (e.g., Accounting, Finance, Business Administration).