Associate

ITC Limited; Kolkata Metropolitan Area; On-site; INR 650,000 - 950,000; Full time

Benefits offered by this job

Health insurance

Job summary

ITC Limited in India is seeking an experienced Accounts Payable Lead to provide services at expected levels with clear customer service and escalate exceptions, ensuring proper accounting of financial transactions.

Interacts proactively with all functional areas to ensure appropriate accounting, financial reporting and settlement of liabilities. Coordinates with local entities and outsourced activities to provide seamless service and maintains vendor master data and balance sheet reconciliations.

Qualifications

• Invoice processing should be completed within SLA accurately and timely.
• Respond to client/vendor queries promptly and professionally.
• Experience in India market AP operations preferred.
• Proficiency with SAP ERP and related financial systems.
• Maintain accuracy in vendor master data and payments.

Responsibilities

• Ensure daily accounts payable activities are fulfilled accurately and on time.
• Process invoices, match with purchase orders, and enter into the accounting system.
• Coordinate with vendors and business partners to resolve discrepancies.
• Handle balance sheet reconciliations for allocated accounts and overdue items.
• Manage blocked invoices, direct debits, and bill-of-exchange transactions.
• Maintain vendor master data and perform regular statement reviews.
• Collaborate with management to improve service quality and efficiency.

Skills

English fluency

Vendor interaction

Customer service

SLA adherence

Accounts payable

Education

Bachelor’s degree in accounting/Finance

Tools

SAP ERP

Job description

• Support P2P Lead to provide services at expected levels with aclear customer service and escalates exceptions, ensuring proper accountingof financial transactions.
  
• Interacts proactively with all functional areas to ensureappropriate accounting, financial reporting and settlement of liabilitiesare accomplished.
  
• Coordinate with local entities and outsourced activities toprovide seamless service.
  
• Contact Vendors to facilitate payment, ensuring alignment withbusiness partners.
  
• Manage blocked invoices, assessing risk and proposing actionsin collaboration with business partners and in compliance with policiesand procedures.
  
• Manage direct debits and bill of exchange transactions incollaboration with Reporting and related banks.
  
• Perform Vendor Master Data Maintenance and regular statementreviews, i.e. invoicing in collaboration with Commercial Operations.
  
• Perform balance sheet reconciliation of allocated accounts andensure timely resolution and clean-up of overdue items identified.
  
• Support continuous improvement of services in quality andeffectiveness in close collaboration with line manager and peercolleagues, isolates problem trends and ensures that troubleshootingefforts are completed for recurring problems until permanent solutions arefound.
  
• Process credit card related matters (application, inquiries,dunning process on overdue balances on credit cards), travel requests,advance payment requests and expense reports in line with Company'sExpense Manuals and flags any non-compliance in a timely manner.
  
• Responsible for all accounts payable administrative functionssuch as invoices matching purchase orders, obtaining approvals andentering the invoices in the accounting system.
  

Requirements

Requirements/Ideal Candidate:

• Ensures that the daily activities withinIndividual’s responsibilities are fulfilled properly and timely in accordancewith Desktop Procedures and SLA targets.
  
• Responds to client/vendor queries in timelymanner.
  
• Invoice processing is completed within SLAaccurately and timely.
  
• India market APexperience preferable.
  
• SAP ERP experiencemust for the major part of candidate’s experience.
  
• Invoice Queries are raised in timely mannerto vendors/client for resolution.
  
• Ensure the errors identified in concurrentaudit are rectified in system in timely manner.
  

Qualifications(Education/Experience/Certification):

• Bachelor’s degree in accounting and/or Finance only.
  
• Fluency in English both written and spoken.
  
• Minimum 2.5 years of financial experience for major company ordivision of large corporation.
  
• Previous experience in procure to pay or accounts payablepreferred.