Sr Analyst, Financial Operations

Magnit; Vadodara; On-site; INR 700,000 - 1,100,000; Full time

Benefits offered by this job

Medical coverage

Dental coverage

Vision coverage

Retirement planning

Job summary

Magnit in Vadodara, India seeks a Financial Operations professional to own end-to-end accounts receivable, ensure timely invoicing, and maintain accurate records in VMS and PeopleSoft ERP.

Responsibilities include data reconciliation, monitoring outstanding payments, resolving billing issues, and generating aging and AR reports.

Requirements: bachelor’s in finance or related field and 4+ years in financial operations with ERP and VMS; strong analytical and communication skills.

Qualifications

• Bachelor’s degree in finance, accounting, business administration, or related field.
• 4+ years of experience in financial operations, accounts receivable, or related function.
• Proficiency in ERP systems (PeopleSoft) and Vendor Management Systems (VMS).

Responsibilities

• Own end-to-end accounts receivable processes and ensure timely invoicing.
• Reconcile data between VMS and ERP and generate aging/AR reports.
• Collaborate with cross-functional teams to resolve billing issues and ensure accurate payments.

Skills

Analytical thinking

Communication skills

Problem-solving

Adaptability

Education

Bachelor’s degree in finance or related field

Tools

PeopleSoft ERP

Vendor Management System (VMS)

Job description

Who We Are

Magnit is the future of work. Serving hundreds of the world’s most recognizable brands for the past 30+ years, Magnit offers the industry’s first holistic platform for the modern workforce. Magnit's integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients’ success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organization’s contingent workforce management, talent strategy and broader organization goals. At Magnit, you’ll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.

Job Description

• Partner with Financial Operations Analyst of assigned account(s) to ensure all deliverables are provided on time, errors resolved, and financial objectives are met while maintaining quality of work.
• Timesheet adjustments in Magnit’s Vendor Management System (VMS), other VMS and Magnit’s ERP system, PeopleSoft, to provide support to colleagues in the Financial Operations team to help them to provide accurate and quality invoices for the clients.
• Responsible for invoice creation, report generation/ creation, and data entry.
• Maintaining all entries with a high standard of accuracy and attention to detail for various ad hoc and recurring data entry tasks.
• Reconcile data between VMS and ERP (PeopleSoft).
• Co-ordinated with various members of the Financial Operations team to action and ad hoc administrative requests and support tasks as needed.
• Oversee the end-to-end accounts receivable process, ensuring accurate and timely invoicing.
• Monitor outstanding invoices and follow up with clients to ensure on-time payments. Process incoming payments and apply them to the correct accounts.
• Investigate and resolve discrepancies related to payments, invoices, or billing errors.
• Engage with clients to resolve billing disputes and discrepancies professionally.
• Perform account reconciliations to ensure balances align with client records. Prepare aging reports, outstanding payment reports, and other AR-related financial reports.
• Analyze collection trends and provide insights on reducing overdue balances. Assist in month-end and year-end financial close activities.
• Ensure timely meetings of deadlines for both client and internal department agreements by managing assigned processes.
• Research, troubleshoot, and develop solutions for Magnit/client application issues in the areas of Client deliverables.
• Oversee ongoing research, resolution, product support, and exceptional customer service for Workers, Client Services, and other team members.
• Work with and mentor Financial Operations Analysts to optimize daily invoice processing and to ensure every client interaction is a best-in-class experience.
• Collaborate with cross-functional leaders and teams to identify key processes and requirements, areas for improvement in department-wide processes and strategy, and delivery of such continuous advancements.
• Independently develop and deliver client process documentation, governance, and execution on Key Performance Indicators (KPIs).
• Consistently evaluate regular processes and work with team & management to implement efficiencies to reduce time spent and ensure adequate controls are in place to support future growth and sustainability.
• Assess processes and procedural documents to identify ways to enhance efficiency and find improvement opportunities.

Requirement Qualification

• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
• 4+ years of experience in financial operations, accounts receivable, or a related financial function.
• Proficiency in ERP systems (PeopleSoft) and Vendor Management Systems (VMS).
• Strong analytical skills with a detail-oriented and problem-solving mindset.
• Excellent communication and stakeholder management abilities.
• Ability to thrive in a fast-paced environment and drive process improvements.

What Magnit will Offer You

At Magnit, you’ll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You will work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!

Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!

If this role isn’t for you

To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.

As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.