Analyst, Accounts Payable

Magnit Global; Vadodara; On-site; INR 480,000 - 720,000; Full time

Benefits offered by this job

PTO

Medical coverage

Dental coverage

Vision coverage

Retirement planning

Discounts and perks

Charity matching

Volunteer hours

Job summary

Magnit is seeking an Accounts Payable Analyst in Vadodara to manage end-to-end AP processing, including vendor creation in PeopleSoft, voucher entry, and payment review. The role requires GST and TDS updates, accurate coding, and timely sub-ledger close across a multi-company environment.

The ideal candidate has a graduate accounting degree and 1–2 years of AP experience, with strong attention to detail and proficient MS Office skills.

Qualifications

• Graduate degree in accounting or a similar field of study.
• 1-2 years of experience performing full cycle Accounts Payable functions.
• Ability to follow instructions for multiple projects with competing priorities and tight deadlines.
• Excellent interpersonal and communication skills.
• Experience with multi-company organization.
• Strong attention to detail, time management, and organizational skills.
• Ability to understand and process high volumes of data.
• Proficiency with Microsoft Office software (Excel, Word, Outlook, etc.)

Responsibilities

• End-to-end process of reviewing and releasing AP invoices, including vendor creation in PeopleSoft.
• Create AP vouchers for non-supplier invoices.
• Ensure AP vouchers are complete and accurate prior to payment release.
• Review and update TDS rates for vendors and ensure TDS is reflected on payments.
• Review and update vendor setups to ensure GST rules are set up correctly and GST is accurate.
• Enter and review account coding.
• Manage the timely close of the AP sub-ledger monthly.
• Collaborate with stakeholders to ensure timely processing of invoices and payments per policy.
• Research and resolve discrepancies related to invoices, taxes, payments, and credit memos.
• Respond to vendor inquiries and maintain vendor records and payment terms.
• Assist with ad hoc projects and test system enhancements in PeopleSoft.
• Work across departments to share knowledge and uphold standards.

Skills

Accounts Payable

Time management

Communication skills

Multi-company experience

Attention to detail

Data processing

MS Office

Education

Graduate degree in accounting

Tools

PeopleSoft

Job description

Who We Are

Magnit is the future of work. Serving hundreds of the world’s most recognizable brands for the past 30+ years, Magnit offers the industry’s first holistic platform for the modern workforce. Magnit's integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients’ success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organization’s contingent workforce management, talent strategy and broader organization goals. At Magnit, you’ll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.

About The Role

The Accounts Payable Analyst will be responsible for processing accounts payable invoices for payment, including but not limited to, vendor creation, voucher entry, payment review, and account coding. It is essential that the Accounts Payable Analyst have a clear understanding of the total accounts payable process. The candidate must be organized, accountable, detail-oriented, and adaptable to ensure deadlines are met timely and with a high degree of accuracy. This is a great opportunity for a hard-working, career-minded accounting professional who is motivated by new opportunities and challenges as the Company expands both domestically and internationally.

What You Will Do

• Responsible for the complete end-to-end process of reviewing and releasing AP invoices, including both supplier and non-supplier invoices. This will include the following: o Creating vendors in peoplesoft.
• Creating AP vouchers for non-supplier invoices.
• Ensuring AP vouchers in peoplesoft are complete and accurate prior to the release of payment.
• Reviewing and updating TDS rates for vendors and ensuring TDS is appropriately reflected on payments before release.
• Reviewing and updating vendor setups to ensure GST rules are set up correctly and GST is accurate prior to the release of payment.
• Entering and reviewing account coding.
• Managing the timely close of the AP sub-ledger monthly.
• Working closely with individuals at all levels of the Company to ensure timely and appropriate processing of invoices and payments in accordance with Company policies and procedures.
• Researching and resolving discrepancies and issues related to invoices (including invoices on hold), taxes, payments, and credit memos.
• Researching and responding to vendor inquiries.
• Updating and maintaining vendor records, including review and assignment of payment terms.
• Assisting with ad hoc special projects.
• Working with IT to test system enhancements prior to implementing changes in peoplesoft.
• This position is responsible for working closely with all levels within the department and across the organization to share knowledge, accomplish common goals, and set standards of excellence and professionalism.
• Magnit retains the right to change or modify job duties at any time. The above job posting is not all encompassing. Position functions and qualifications may vary depending on business necessity.

What You Will Need

• Graduate degree in accounting or a similar field of study is recommended.
• 1-2 years of experience performing full cycle Accounts Payable functions
• Ability to follow instructions for multiple projects with competing priorities and tight deadlines in a fast-paced environment.
• Excellent interpersonal and communication skills
• Experience with multi-company organization
• Strong attention to detail, time management, and organizational skills
• Ability to understand and process high volumes of data.
• Proficiency with Microsoft Office software (Excel, Word, Outlook, etc.)

What Magnit Will Offer You

At Magnit, you’ll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You will work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!

Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!

To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.

As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.

By applying to this role, you consent to Magnit safely storing and managing your personal data. Please read this link to learn more.

https://magnitglobal.com/us/en/privacy-notice.html