Senior Associate - Procure to Pay

River; Bengaluru; On-site; INR 400,000 - 600,000; Full time

Job summary

River in Bengaluru seeks an experienced Accounts Payable professional to manage end-to-end P2P processes. You will handle vendor invoices, payments, and reconciliations, while ensuring accuracy, compliance, and timely reporting.

The role collaborates with procurement and operations to resolve discrepancies and drive process improvements. The ideal candidate holds a Finance/Accounting degree and 2+ years in P2P within mid-to-large organizations, with strong ERP and communication skills to thrive

Qualifications

• Bachelor's degree in Finance, Accounting, or a related field.
• Proven experience in P2P process management, with at least 2 years in a mid to large scale organization.
• Strong knowledge of accounting principles and financial analysis.
• Proficiency in ERP systems and P2P software (e.g., SAP, Odoo).
• Excellent communication, leadership, and problem-solving skills.
• Ability to work collaboratively in a fast-paced environment.
• Strong attention to detail and a commitment to accuracy.

Responsibilities

• Process vendor invoices accurately and efficiently.
• Review invoices for accuracy, completeness, and compliance with terms.
• Prepare and process vendor payments via electronic transfers.
• Reconcile vendor statements and resolve discrepancies.
• Maintain up-to-date vendor records (contact info, terms, history).
• Assist with month-end closing activities (accruals, reconciliations, reporting).
• Collaborate with procurement and operations to resolve invoice issues.
• Ensure compliance with policies, accounting standards, and regulations.
• Contribute to process improvements to streamline AP processes.
• Provide finance team support and ad-hoc tasks.

Skills

P2P expertise

Communication

Attention to detail

Problem solving

Education

Bachelor's degree in Finance/Accounting

Tools

SAP

Odoo

Excel

Job description

• Process vendor invoices accurately and efficiently, ensuring proper coding and approval according to company policies and procedures.
• Review and verify invoices for accuracy, completeness, and compliance with contractual terms and agreements.
• Prepare and process payments to vendors via electronic transfers, or other payment methods.
• Reconcile vendor statements, resolve discrepancies, and follow up on outstanding issues.
• Maintain accurate and up-to-date vendor records, including contact information, payment terms, and payment history.
• Assist with month-end closing activities, including accruals, account reconciliations, and financial reporting.
• Collaborate with cross-functional teams, including procurement and Operations, to resolve invoice discrepancies and address vendor inquiries.
• Ensure compliance with company policies, accounting standards, and regulatory requirements.
• Contribute to process improvement initiatives to streamline accounts payable processes and enhance efficiency.
• Provide support to the finance team as needed and perform other ad-hoc tasks as assigned.

Ideal Candidate:

• Bachelor's degree in Finance, Accounting, or a related field.
• Proven experience in P2P process management, with at least 2 years of experience in Mid to Large scale organization.
• Strong knowledge of accounting principles and financial analysis.
• Proficiency in ERP systems and P2P software (e.g., SAP, Odoo).
• Excellent communication, leadership, and problem-solving skills.
• Ability to work collaboratively in a fast-paced environment.
• Strong attention to detail and a commitment to accuracy.