Senior Associate - Payment Processing - PTP

Holcim; Navi Mumbai, Mumbai; On-site; INR 300,000 - 520,000; Full time

Job summary

Holcim India in Navi Mumbai is seeking a P2P Payment Processing Associate to ensure accurate and timely payments to vendors and employees. You will coordinate with treasury and banks for payment authorization and release, and contribute to service delivery within defined KPIs and SLAs.

You will prepare payment proposals, review payment runs, reconcile bank files, resolve reversal/rejection issues, and handle local and foreign currency payments, while ensuring QA compliance and continuous

Qualifications

• Experience in P2P or accounts payable processes.
• Familiarity with bank reconciliations and payment runs.
• Knowledge of QA/compliance frameworks.

Responsibilities

• Prepare payment proposals and check open advances, debits/credits.
• Generate and review payment runs, ensure accuracy.
• Reconcile payment runs with bank files and uploads.
• Investigate and resolve reversal and rejected payments.
• Process local manual and foreign currency payments; handle cheques and stop payments.
• Coordinate with treasury and banks for payment authorization and release.
• Coordinate with banks to resolve payment processing errors.
• Ensure QA framework compliance across processes.
• Participate in shared services improvement projects.
• Ensure delivery meets KPIs and SLAs with internal controls.

Skills

Payment processing

Vendor payments

Bank reconciliation

KPI/SLA adherence

Cross-functional coordination

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