Associate Analyst, Accounts Payable (176589)

Colgate Palmolive; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Colgate-Palmolive, a global consumer products company, is seeking an Associate Analyst, Accounts Payable in Mumbai, India. The role involves processing and validating invoice payments, engaging with banks and vendors, and supporting month-end close to maintain accurate financial records.

The ideal candidate will have a Bachelor’s degree in Finance and at least 2 years of AP experience, with SAP and Excel proficiency and a strong understanding of GST and banking portals.

Qualifications

• Bachelor's degree in Finance or related field.
• Minimum 2+ years of accounts payable experience.
• Proficient in SAP and Excel.
• Strong attention to detail and SOX awareness.

Responsibilities

• Prepare, analyze, and execute payment proposals for vendors and intercompany transactions, ensuring timely disbursements.
• Engage with banks, subsidiaries, and vendors to resolve payment issues.
• Support month-end close activities and ensure accurate ledger postings and reconciliation.
• Prepare duplicate payment reports and support SOX documentation for audits.
• Review debit and aged balances in vendor accounts and resolve discrepancies.
• Continue process improvement initiatives within accounts payable to enhance accuracy and controls.

Skills

Excel

GST compliance knowledge

Banking Portals

Intercompany payments

Education

Bachelor's Degree in Finance

Tools

SAP

Banking portals

Job description

Career Opportunities: Associate Analyst, Accounts Payable (176589)

Relocation Assistance Offered Within Country
Job Number#176589 - Mumbai, Maharashtra, India
Who We Are
Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specializing in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name!
Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values - Caring, Inclusive, and Courageous, we foster a culture that inspires our people to achieve common goals. Together, let's build a brighter, healthier future for all.

Brief introduction - Role Summary/Purpose :

To review, validate and process invoice payments,Stakeholder Engagement,Month-End Close

Responsibilities:

Payment Processing and Analysis:

Prepare, analyze, and execute payment proposals for both third-party vendors and intercompany transactions, adhering to strict scheduled dates and bank cutoff times to ensure timely disbursements.

Maintain 100% accuracy and efficiency throughout the payment initiation process, minimizing errors and ensuring compliance.

Initiate manual payments accurately and promptly upon request, managing exceptions effectively.

Ensure all processed payments are meticulously recorded, and reconciled, providing a clear audit trail.

Stakeholder Engagement and Issue Resolution:

Proactively engage with crucial stakeholders including banks, subsidiaries, and vendors to facilitate smooth payment operations and address any emerging issues.

Efficiently respond to vendor and invoice-related inquiries, providing timely resolutions to payment-related issues.

Financial Control and Compliance:

Prepare and analyze duplicate payment reports to identify and prevent erroneous disbursements.

Regularly prepare and submit documentation for SOX (Sarbanes-Oxley) and other audit requirements, ensuring full compliance with internal controls and external regulations.

Conduct regular reviews of debit balances and aged balances in vendor accounts, actively resolving discrepancies to maintain accurate ledger records.

Month-End Close and Process Improvement:

Ensure the timely and accurate completion of month-end closing activities for accounts payable.

Actively identify and participate in continuous process improvement initiatives within the accounts payable function, aiming to enhance efficiency, accuracy, and control.

Ensure that all Standard Operating Business Procedures (SOBPs) are updated in a timely manner, reflecting current processes and best practices.

Review, verify, and accurately post both Purchase Order (PO) and Non-Purchase Order (NON-PO) invoices into the accounting system, ensuring proper coding and approvals.

Required (Education, Knowledge required, Language skills, etc)

SAP

GST provisions and withholding tax

Excel

Banking Portals

Indian Import payments for raw materials and services

Preferred Qualification and experience:

Bachelor's Degree required in Finance

Min 2+ year experience

Our Commitment to Inclusion
Our journey begins with our people—developing strong talent with diverse backgrounds and perspectives to best serve our consumers around the world and fostering an inclusive environment where everyone feels a true sense of belonging. We are dedicated to ensuring that each individual can be their authentic self, is treated with respect, and is empowered by leadership to contribute meaningfully to our business.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.
Reasonable accommodation during the application process is available for persons with disabilities. Please complete this request form should you require accommodation.
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