Sr Accountant _ Intercompany _AP

Somani Technologies; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Somani Technologies in Bengaluru seeks an experienced Payments Operations Specialist to execute global vendor and intercompany payment runs across regions. You will manage payments through multiple banking channels (Wire, ACH, SEPA, NEFT, RTGS) and coordinate with Treasury on funding and liquidity.

You will also monitor reconciliations, attend to exceptions, drive process improvements and automation, and ensure SOX compliance, controls, and accurate payment reporting across the organization.

Qualifications

• Bachelor's degree in accounting, finance, business administration, or related field.
• Experience in Accounts Payable Payments, Intercompany Payments, Treasury Operations, Cash Management, or related finance functions.
• Strong knowledge of payment operations, banking processes, and financial controls.

Responsibilities

• Execute global vendor and Intercompany payment runs to ensure accurate and timely disbursements across regions.
• Process payments through various banking channels, including Wire, ACH, SEPA, NEFT, RTGS, and other regional payment methods.
• Manage Intercompany settlements, netting activities, balance confirmations, and clearing of open items.
• Coordinate with Treasury to support funding and liquidity requirements for payment execution.
• Upload, validate, and monitor payment files through global banking platforms.
• Investigate payment rejections, failures, and exceptions, ensuring timely resolution and reprocessing.
• Collaborate with Accounts Payable, Intercompany Accounting, General Ledger, Treasury, and regional finance teams to support end-to-end payment processes.
• Act as a key contact for payment, remittance, settlement, and banking-related queries from stakeholders.
• Perform bank reconciliations and payment clearing activities to ensure completeness and accuracy of transactions.
• Monitor Intercompany balances and support timely settlement of outstanding items.
• Prepare and distribute payment reports, KPIs, exception reports, and aging analysis.
• Ensure compliance with SOX requirements, internal controls, payment policies, and maker-checker procedures.
• Maintain accurate and up-to-date payment documentation, approvals, and audit support records.
• Support month-end and year-end close activities, including payment postings, clearing entries, accrual support, and Intercompany settlements.
• Coordinate with stakeholders to investigate and resolve payment and settlement discrepancies.
• Identify opportunities for automation, process optimization, and standardization across global payment operations.
• Support FSSC transitions, migrations, and continuous improvement initiatives.
• Demonstrate the ability to prioritize work, manage multiple deadlines, and support critical payment activities.
• Maintain strong knowledge of payment operations, banking platforms, treasury processes, and financial systems.
• Communicate effectively with finance and non-finance stakeholders across global regions.
• Ensure compliance with internal and external standards, controls, and regulatory requirements.

Skills

Accounts Payable Payments

Intercompany Payments

Treasury Operations

Cash Management

Payment operations

Banking processes

Financial controls

Bank reconciliations

Payment settlements

Payment exception handling

Intercompany netting

Global payment processes

Banking platforms

Financial systems

Stakeholder management

Presentation skills

Independent work

Process improvement

Automation

SOX compliance

Audit requirements

Banking regulations

Education

Bachelor's Degree in Accounting, Finance, Business Administration, or related field

Tools

MS Excel

MS PowerPoint

SAP

CFIN

TIS

BlackLine

Basware

ServiceNow

Job description

Key Responsibilities:

• Experience with payment operations, process deliverables, and change management initiatives.
• Manage high-volume global payment transactions across multiple entities, currencies, and banking platforms.
• Support process improvement initiatives, standardization activities, and implementation of new payment processes and controls.
• Provide operational guidance and support to team members while ensuring adherence to established procedures.

Primary purpose of this position:

• Execute global vendor and Intercompany payment runs to ensure accurate and timely disbursements across regions.
• Process payments through various banking channels, including Wire, ACH, SEPA, NEFT, RTGS, and other regional payment methods.
• Manage Intercompany settlements, netting activities, balance confirmations, and clearing of open items.
• Coordinate with Treasury to support funding and liquidity requirements for payment execution.
• Upload, validate, and monitor payment files through global banking platforms.
• Investigate payment rejections, failures, and exceptions, ensuring timely resolution and reprocessing.
• Collaborate with Accounts Payable, Intercompany Accounting, General Ledger, Treasury, and regional finance teams to support end-to-end payment processes.
• Act as a key contact for payment, remittance, settlement, and banking-related queries from stakeholders.
• Perform bank reconciliations and payment clearing activities to ensure completeness and accuracy of transactions.
• Monitor Intercompany balances and support timely settlement of outstanding items.
• Prepare and distribute payment reports, KPIs, exception reports, and aging analysis.
• Ensure compliance with SOX requirements, internal controls, payment policies, and maker-checker procedures.
• Maintain accurate and up-to-date payment documentation, approvals, and audit support records.
• Support month-end and year-end close activities, including payment postings, clearing entries, accrual support, and Intercompany settlements.
• Coordinate with stakeholders to investigate and resolve payment and settlement discrepancies.
• Identify opportunities for automation, process optimization, and standardization across global payment operations.
• Support FSSC transitions, migrations, and continuous improvement initiatives.
• Demonstrate the ability to prioritize work, manage multiple deadlines, and support critical payment activities.
• Maintain strong knowledge of payment operations, banking platforms, treasury processes, and financial systems.
• Communicate effectively with finance and non-finance stakeholders across global regions.
• Ensure compliance with internal and external standards, controls, and regulatory requirements.

Main Accountability or KPIs:

• Key process contact for management and escalation point for complex payment and settlement issues.
• Ownership of payment execution accuracy, timeliness, and compliance with established service levels.
• Drive on-time payment performance while minimizing payment failures and exceptions.
• Monitor and manage Intercompany settlement aging and open items.
• Ensure adherence to internal controls, audit requirements, and financial governance standards.
• Analyze payment trends, root causes, and operational risks, while providing recommendations for improvement.
• Deliver accurate reporting, KPI analysis, and management information related to payment operations.
• Support global transformation initiatives focused on automation, standardization, and operational efficiency.
• Maintain effective relationships with banking partners, Treasury teams, and business stakeholders.

This job description reflects management's assignment of essential functions; it does not prescribe or restrict responsibilities that may be assigned.

Qualifications:

• Bachelor's Degree in Accounting, Finance, Business Administration, or related field.
• Proven experience in Accounts Payable Payments, Intercompany Payments, Treasury Operations, Cash Management, or related finance functions.
• Strong knowledge of payment operations, banking processes, and financial controls.

Work Experience

• 5 to 8 years business related process experience preferred

Knowledge/Skills Requirements:

• Experience with bank reconciliations, payment settlements, payment exception handling, and intercompany netting processes.
• Extensive knowledge of global payment processes, banking platforms, and financial systems.
• Proven proficiency with MS Office Suite, including advanced Excel and intermediate PowerPoint skills.
• End-user knowledge of systems such as TIS, SAP, CFIN, SAP, BlackLine, Basware, and ServiceNow preferred.
• Understanding of Treasury, Cash Management, Intercompany Accounting, and Payment Controls.
• Proven presentation and stakeholder management skills.
• Experience working with senior finance leadership and global stakeholders.
• High sense of urgency and ability to work independently.
• Strong problem-solving, analytical, and decision-making skills.
• Driven to identify and implement process improvements through automation and continuous improvement methodologies.
• Knowledge of banking regulations, payment controls, SOX compliance, and audit requirements.