Senior Associate

ITC Limited; Kolkata Metropolitan Area; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

ITC Limited in India seeks an experienced Accounts Payable Lead to manage end-to-end AP processing, inquiries, and monthly close in line with SLA targets.

The role requires 5+ years in AP, preferably in large corporates, with SAP ERP experience and a bachelor's degree in accounting or finance. You will coordinate with vendors and internal teams to ensure accurate reporting.

Qualifications

• Experience performing AP activities in large organisations or divisions.
• Fluency in English (written and spoken).
• Minimum 5 years of financial experience with procure to pay or accounts payable.

Responsibilities

• Support P2P lead to provide services at expected levels with clear customer service and escalates exceptions.
• Coordinate with local entities and outsourced activities to provide seamless service.
• Contact Vendors to facilitate payment aligning with business partners.
• Manage blocked Invoices, assess risk and propose actions with business partners and compliance.
• Perform balance sheet reconciliations of allocated accounts and resolve overdue items.
• Ensure monthly close and audit readiness with accurate AP data.
• Handle credit card related matters, travel requests, and expense reports per policy.
• Review open purchase orders and improve information quality for vendor invoices.

Skills

Invoice processing

Vendor master data

AP reconciliations

SLA adherence

Vendor/vendor queries

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 properaccounting of 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 reconciliations 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 noncompliance 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.
  
• Review of open purchase orders.
  
• Improve quality of information on vendor invoices.
  
• Preparation of changes in vendor master data.
  

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.
  
• Invoice Queries are raised in timely mannerto vendors/client for resolution.
  
• Payments are processed accurately and timelyas per agreed SLA.
  
• Provides data for internal and externalaudit.
  
• Ensures Month end activities are completed ontime for smooth closing of AP subledger.
  
• Ensure the errors identified in concurrentaudit are rectified in system in timely manner.
  
• India market APexperience preferable
  
• SAP ERP experiencemust for the major part of candidate’s experience.
  

Qualifications(Education/Experience/Certification):

• Bachelor’s degree in accounting and/or Finance preferred.
  
• Fluency in English both written and spoken.
  
• Minimum 5 years of financial experience for major company ordivision of large corporation.
  
• Previous experience in procure to pay or accounts payablepreferred.