Associate - Payment Processing - PTP

Holcim; Navi Mumbai, Mumbai; On-site; INR 400,000 - 600,000; Full time

Job summary

Holcim is seeking an P2P Payment Processing Associate in Navi Mumbai to manage timely vendor and employee payments and coordinate with treasury and banks for authorization and release.

Responsibilities include preparing payment proposals, reconciling runs, resolving payment reversals, and ensuring QA compliance within a shared services framework.

Qualifications

• Prepare payment proposal and check open advances, debits/credits.
• Generate and review payment proposals and payment runs.
• Reconcile payment runs with bank payment file uploads.
• Investigate and resolve reversal and rejected payments.
• Process local manual, foreign currency/treasury payments and cheque stops.
• Coordinate with treasury/bank for payment authorization and release.

Responsibilities

• Ensure timely and accurate processing of payments to vendors and employees.
• Maintain QA compliance and participate in improvement projects.
• Deliver services meeting KPIs and SLAs defined with operating companies and BSC.
• Collaborate with Service Management to enforce SLAs and escalation processes.

Skills

Payment processing

Reconciliation

Vendor payments

Bank coordination

KPI/SLAs

QA compliance

Continuous improvement

Job description

Job Description:

The P2P Payment Processing- Associate will be responsible for executing accurate & timely processing of payments to vendors, employees etc. He is responsible to coordinate with treasury and bank for payment authorization and payment release.

He/ She would need to contribute as per overall service framework so that he/ she meets or exceeds agreed KPIs and SLAs defined between Operating Companies and BSC.

• Preparation of payment proposal and checking of open advances, debits/credits etc;
• Generating and review of payment proposal & payment run
• Reconciliation of payment run with bank payment file uploads.
• Investigate and resolve issues of reversal and rejected payments;
• Process local manual payments, foreign currency/treasury payments and processing cheque cancellations as well as stop payment requests;
• Coordinating with treasury and bank for payment authorization and release.
• Coordinating with bank for any error in payment processing.
• Ensuring compliance of QA framework.
• Participating in continuous improvement projects within Shared services.
• Ensure that overall delivery of services to Opcos meets or exceeds agreed KPIs and SLAs defined between Operating Companies and BSC and is within a strong internal control framework.
• Collaborate with the Service Management team to understand and effectively implement SLA.
• Ensure that Internal Customer and Supplier issues are dealt with in accordance with the escalation process and push back where this is not the case