Senior Process Associate ITP

Smith Nephew; Pune District; On-site; INR 600,000 - 800,000; Full time

Job summary

A leading global medical technology company is seeking a motivated professional for a payments processing role. The successful candidate will ensure timely, accurate payments while maintaining financial controls and optimizing cash management strategies. Applicants should have a B.Com/M.Com degree and 3-5 years of related experience, along with proficiency in SAP and Microsoft tools. Strong analytical and communication skills are essential for fostering supplier relationships. This position offers a dynamic work environment with varying shifts.

Qualifications

• 3-5 years of full-cycle accounts payable payment processing experience.
• Experience in global shared service center environments.
• Ability to multi-task and work in fast-paced environments.

Responsibilities

• Process payment runs and maintain strong stakeholder relationships.
• Ensure accurate and timely payments according to contractual terms.
• Promote electronic payment solutions to improve cash flow management.

Skills

Attention to detail

Team collaboration

Excellent English communication

Analytical skills

Proficiency in MS Office

Education

Graduate/Post Graduate Degree - B.Com/M.Com

Tools

SAP (ECC6)

Microsoft Axapta (2009, 2012)

Ariba

Job description

This role is responsible for providing leadership in the Payments Processing Function, ensuring timely and accurate payments while maintaining strong financial controls. Role encompasses process improvement, vendor relationships, and financial analysis. Delivers the service to meet SLAs and KPIs and to ensure positive voice of customer feedback.

What will you be doing

• Perform the payment run processing, fostering excellent stakeholder relationships, and ensuring service delivery excellence.
• Ensure accurate and timely payments to suppliers and other parties in accordance with contractual terms and payment schedules, while minimizing delays and avoiding penalties.
• Coordinate payment processing to effectively manage cash flow and working capital, collaborating with other departments, and optimizing cash management strategies.
• Strengthen relationships with strategic suppliers through proactive engagement, negotiating favorable payment terms, exploring early payment discounts, and enhancing partnerships.
• Address payment-related inquiries promptly, provide exceptional service, and foster strong relationships with suppliers and stakeholders.
• Promote electronic payment solutions to automate the payment process, reduce reliance on manual checks, accelerate payment cycles, and improve cash flow management.
• Drive continuous improvement by identifying bottlenecks, optimizing workflows, and implementing process enhancements in collaboration with stakeholders.
• Ensure compliance with MAPs, SOX regulations, and manage internal/external audits related to Payments Processing, addressing control deficiencies and mitigating risks.
• Strengthen controls and risk management practices within the payment processing process, ensuring regulatory compliance and data security.

What will you need to be Successful

• Education: Graduate / Post Graduate Degree - B.Com / M.Com.
• 3-5 Years of AP full cycle AP Payment processing, On Time payment, DPO, basic accounting principles.
• Experience with working in a global shared service center. Strong attention to detail focusing on quality and accuracy.
• Team player with ability to build relationships and influence team members and wider stakeholders.
• Excellent English communications skills written and verbal.
• Self-starter with the ability to multi-task in a fast paced environment.
• Able to work month end schedules and different shifts.
• SAP (ECC6), Microsoft Axapta (2009, 2012), Ariba experience preferred.
• Continuous improvement experience / Lean methodologies experience preferred.
• Proficiency in MS office suite.
• Strong analytical skills and detail oriented, Strong MS Office skills especially in Microsoft Excel, Working knowledge of SAP, etc.
• Physical Demands: Flexible to work in any shift.