ACCOUNT OFFICER I

IHC Parts Services; Mumbai; On-site; INR 1,400,000 - 2,300,000; Full time

Job summary

IHC Parts Services seeks an experienced finance professional to manage end-to-end AR/AP, banking and financial operations. You will ensure accurate invoicing in IFS, validate VAT treatment, coordinate with stakeholders and support intercompany settlements.

Ideal candidates have 7+ years in finance, strong accounting knowledge and proficiency with ERP systems (IFS) and MS Office. This role is based in Mumbai and requires a detail-oriented, proactive approach.

Qualifications

• 7+ years of experience in Finance.
• Strong understanding of accounting principles and financial processes.
• Knowledge of P2P and Q2C processes.
• Experience with ERP systems, preferably IFS.
• Proficiency in Microsoft Excel, Word, Teams and Outlook.

Responsibilities

• Generate, review, validate, finalize and issue invoices in the ERP system.
• Verify invoice accuracy, VAT treatment, PO alignment and supporting documents.
• Process supplier invoices and credit notes through the ERP and KOFAX.
• Distribute invoices and maintain complete records and documentation.
• Process payments and reconcile bank movements.
• Support intercompany invoicing and month-end closing.

Skills

English communication

Stakeholder management

Analytical thinking

Attention to detail

Financial acumen

Education

Bachelor's or Master's degree in Finance/Accounting

Tools

IFS ERP

Microsoft Excel

Microsoft Word

Microsoft Teams

Microsoft Outlook

Job description

The Role

Responsible for end-to-end Accounts Receivable (AR), Accounts Payable (AP), Banking and Financial Operations activities, ensuring accurate transaction processing, compliance with financial and tax requirements, stakeholder support, and timely financial reporting.

Key Roles & Responsibilities

• Generate, review, validate, finalize and issue sales invoices in IFS.
• Verify invoice accuracy, VAT treatment, purchase order alignment, customer details and supporting documents.
• Perform compliance validations including VIES checks and other regulatory requirements.
• Coordinate with internal stakeholders to obtain missing or incorrect information.
• Process advance invoices and reconcile them with final invoices.
• Ensure urgent and high-priority invoices are processed within required timelines.
• Distribute invoices through email, customer portals and other customer-specific systems.
• Maintain complete invoice records and documentation in IFS.
• Handle customer inquiries related to invoices and orders.
• Process chargebacks and write-offs based on Treasury instructions.
• Support intercompany invoicing and monthly settlement activities.
• Manage specialized invoicing activities including lending, scrap and contract management invoices.
• Receive, review and process supplier invoices and credit notes through KOFAX and IFS.
• Validate VAT treatment, supplier information, purchase order alignment and supporting documentation.
• Return incorrect invoices to suppliers for correction.
• Manage interim account postings and ensure timely clearing.
• Ensure invoices are available for payment within agreed deadlines.
• Assess labor-related invoices for WKA (Dutch Chain Liability Act) applicability and allocate amounts to the G-account where required.
• Monitor and reconcile interim accounts and self-billing transactions.
• Respond to supplier invoice-related inquiries.
• Process and reconcile all bank movements in IFS.
• Prepare and review payment batches.
• Monitor and resolve unapplied, misapplied and unidentified payments.
• Manage intercompany netting activities and reconcile balances.
• Support period-end controls and bank reconciliations.
• Respond to banking and payment-related inquiries.

Key Activities

• Generate, review and finalize invoices.
• Distribute invoices and maintain records.
• Validate and post supplier invoices and credit notes.
• Process payments and apply receipts.
• Reconcile bank transactions and outstanding balances.
• Manage customer and supplier inquiries.
• Process chargebacks and write-offs.

Education

Bachelor s or Master s degree in Finance, Accounting or a related field.

Experience and Knowledge

• 7+ years of experience in Finance.
• Strong understanding of accounting principles and financial processes.
• Knowledge of Purchase-to-Pay (P2P) and Quote-to-Cash (Q2C) processes.
• Experience with ERP systems, preferably IFS.
• Proficiency in Microsoft Excel, Word, Teams and Outlook.

Core Competencies

• Excellent written and verbal communication skills in English.
• Strong stakeholder management and relationship-building skills.
• Customer-focused and proactive mindset.
• Ability to work independently and collaboratively.
• Strong analytical and problem-solving capabilities.
• Highly organized, accurate and detail-oriented.
• Ability to positively influence stakeholders.
• Strategic thinking and long-term perspective.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.