Senior Executive - Payment processing

Job Description:

Education: Graduate or MBA/Post Graduate Bachelor in commerce

Experience (years): 1) Sr. Executive - Graduate or Postgraduate with 4 to 6 yrs of experience

Location: Mumbai (Airoli)

Working Hours: 8 hours/day 

Role Summary: The individual will be responsible to ensuring that sensitive financial information is transmitted securely and that transactions are processed accurately.

Qualification Criteria/Work Experience

Essential: · Have worked in SAP environment having T-code knowledge · Experience in shared services / customer facing environment · Have fair knowledge of the Procure to Pay Process · Understanding of Standard Operating Procedures (SOP/DTP) · Good Word, Excel & PowerPoint skills · Good verbal and written communication skills · VIM-SAP working knowledge will be added advantage · Well-in Confidence to handle Multi-Tasking ability and well-verse into it

Overall Project/Task description

· Strong knowledge on SCF, LC, Fund-flow estimation, AP Ageing, Foreign (A1/A2 documentation)

and Forex Payment

· Review payment terms, prioritise payments and co-ordinate with vendors for prompt resolution of

payment related issues

· Verify and approve all new requests/changes to the agreed business processes and policies whilst

maintaining high levels of understanding, quality and accuracy

· Manage the reimbursement process for employees’ expenses including reviewing expense reports,

verifying supporting documentation and ensuring compliance with company policies

· Accounts Payable Vendor helpdesk knowledge- Handling Query Management

· Verify payable information in the system & highlight any data discrepancy

· Responsible for documenting bounced and fraudulent payments and notifying proper authorities

as and when such documents are created

· Respond to queries in a timely and accurate manner

· Create data trackers for supporting monitoring activities

· Assist team leader in a timely and appropriate manner with regards to Vendor/Employee Payments and payroll activities

· Accuracy & timelines: Ensure 100% accuracy rate in day-to-day activities to ensure TAT/SLA are met · Ensure on Validation, reservation and Finalization of due invoices for payment

· Mode of payment knowledge and how it gets execute as per process and vendor requirement

· Ensuring efficient handling of daily business activities and maintaining data integrity.

· GRIR process having end to end P2P knowledge

· Knowledge and co-ordination with Treasury process to sync on payment authorization and execution.

· Employee Salary Disbursement

· Identify opportunities for process improvements within the accounts payable function

Graduate or Post Graduate Bachelor in commerce

Excellent Communication Skills required.