Sr. Executive - Transaction Finance

Traveltechessentialist; Dadri; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Traveltechessentialist is looking for a Senior Executive for Transaction Finance to oversee accounts payable operations in Noida, India. The role involves end-to-end management of BSP/LCC reconciliation and ensuring operational excellence across various vendor payments.

You will be responsible for liaising with key clients, managing payment runs, ERP migrations, and maintaining compliance with IATA procedures. Ideal candidates will have 8-12 years of relevant experience and proficiency in Microsoft Dynamics 365 and related tools.

Qualifications

• 8–12 years in Accounts Payable / Account Management.
• Minimum 4 years in a TMC / OTA / airline environment.
• Strong understanding of IATA BSP, GDS ticketing.

Responsibilities

• Own end-to-end BSP reconciliation.
• Manage airline debit/credit notes and adjustments.
• Prepare monthly BSP variance reports for management.

Skills

BSP/LCC reconciliation

Microsoft Dynamics 365

Advanced Excel

Problem-solving ability

Client relationship management

Education

B.Com / M.Com / MBA (Finance)

CA Inter / CMA

Tools

Power BI

SAP

Oracle

Job description

Sr. Executive - Transaction Finance

Job no: 531509

Brand: Finance, Procurement, Legal, Privacy, Property

Work type: Full time

Location: Noida, India

Categories: Finance

Day in the life:

The Senior Executive – Travel Finance & ERP Operations is responsible for managing end-to-end AP operations and client account health across airline, hotel, ground transport, and ancillary vendor segments. The role carries a dual mandate: ensuring deep operational excellence in BSP/LCC reconciliation, hotel-supplier payables, and multi-vendor payment cycles, and acting as the primary finance interface for key client accounts.

Key Responsibilities

• Own end-to-end BSP reconciliation between GDS sales data and IATA BSP billing files on weekly and monthly cycles.
• Reconcile LCC bookings issued via direct airline portals or NDC channels against invoices, credit card statements, and client billing.
• Investigate and resolve BSP ADM and ACM within stipulated timelines.
• Manage airline debit/credit notes, void/refund adjustments, and ensure correct accounting treatment in Dynamics 365 / ERP.
• Liaise with IATA and airline commercial teams to dispute erroneous ADMs and track resolution.
• Ensure compliance with IATA Resolution 850 and related BSP billing procedures.
• Prepare monthly BSP variance reports and ageing analysis for management review.
• Reconcile hotel invoices against GDS/OBT bookings, client itineraries, and supplier contracts.
• Manage reconciliation of hotel aggregator payables and property-level billing discrepancies.
• Validate rate parity, room-night utilisation, and no-show/cancellation charges against contractual terms.
• Coordinate with the Hotel Contracting team to resolve rate and allotment disputes.
• Process and track hotel deposit payments, advance bookings, and group billing settlements.
• Reconcile invoices from car rental companies, ground transfer vendors, visa service providers, and travel insurance suppliers.
• Validate charges against booking confirmations, driver manifests, and client cost centres.
• Monitor credit terms and accelerate overdue reconciliation items to procurement.
• Supervise the 3-way match process for all travel procurement payables.
• Manage payment runs – NEFT/RTGS, forex wire transfers, virtual card settlements – ensuring accuracy and timeliness.
• Oversee credit card reconciliation for airline and hotel payments.
• Maintain AP ageing dashboards and drive resolution of long-outstanding items.
• Enforce the Delegation of Authority matrix for invoice approvals.
• Serve as the functional owner of Microsoft Dynamics 365 Finance & Operations within the AP/travel finance team.
• Lead or co‑lead ERP migration projects: scope legacy‑to‑Dynamics data mapping, chart‑of‑accounts alignment, and migration strategy.
• Coordinate with IT/implementation partners on data extraction, transformation, and load activities; validate migrated data for completeness and accuracy.
• Manage parallel‑run periods – operating both legacy ERP and Dynamics 365 simultaneously – ensuring reconciliation parity before cutover.
• Own UAT test scripts for AP, vendor master, payment journals, and bank reconciliation modules; sign off on go-live readiness.
• Conduct post‑migration stabilisation reviews; identify and remediate data gaps, workflow failures, and integration issues.
• Train AP team members on Dynamics 365 workflows, approval hierarchies, and reporting tools.
• Maintain documentation: system configuration guides, data dictionaries, SOPs, and change‑log records for audit purposes.
• Act as the primary financial point of contact for assigned key accounts; conduct monthly billing reviews, dispute resolution sessions, and QBRs.
• Prepare and present client‑specific MIS: spend analytics, invoice accuracy rates, settlement timelines, and savings realised against contracted rates.
• Collaborate with Sales and Operations teams to onboard new clients onto Dynamics 365 workflows and AP processes.
• Ensure SLA adherence for invoice processing TAT, query resolution, and credit note issuance.

Required Skills & Competencies

• Technical / Functional: BSP/LCC reconciliation & IATA billing GDS proficiency (Amadeus, Sabre, Galileo); Hotel supplier & aggregator reconciliation; Microsoft Dynamics 365 (Finance & Operations); ERP migration planning & execution; Data mapping, UAT, and go-live management; SAP / Oracle / Navision / Tally ERP; Advanced Excel (VLOOKUP, Power Query, Pivot); Power BI reporting & dashboards; GST/TDS compliance on travel spends; Forex & multi-currency accounting; Lodge card & VCC settlement processes.
• Behavioural / Leadership: High attention to detail & accuracy; Strong analytical & problem-solving ability; Client relationship management; Effective vendor and stakeholder management; Ability to work under tight month-end deadlines; Process improvement & automation mindset; Change management during ERP transitions; Clear communication (written & verbal).

Qualifications

• Education: B.Com / M.Com / MBA (Finance) or equivalent; CA Inter / CMA preferred.
• Experience: 8–12 years in Accounts Payable / Account Management; minimum 4 years in a TMC / OTA / airline environment.
• ERP / Systems: Hands‑on experience with Microsoft Dynamics 365 F&O; SAP / Oracle / Navision also valued; proven involvement in at least one full-cycle ERP migration project.
• Industry Knowledge: Strong understanding of IATA BSP, GDS ticketing, LCC portals, hotel GDS connectivity, and travel procurement.
• Certifications: Microsoft Dynamics 365 Finance Functional Consultant (MB‑310) preferred; IATA Travel & Tourism Professional (TTP) or Finance for Travel Professionals – an advantage.
• Languages: English (fluent); Hindi or regional language an advantage.

Applications close: 23 Jul 2026 India Standard Time