We are currently seeking a dedicated and experienced Senior Accounts Payable Senior Associate to join our shared services team. The ideal candidate will have at least 7 years of experience in accounts payable. As a Senior Accounts Payable Associate, you will play a crucial role in supporting the accounts payable function, ensuring accuracy, efficiency, and compliance with company policies and procedures.
Responsibilities:
- Process a high volume of invoices accurately and efficiently, ensuring adherence to company policies and procedures.
- Perform three-way matching of invoices, purchase orders, and receiving documents to ensure accuracy of billing and payments.
- Resolve invoice discrepancies and issues in a timely and professional manner, working closely with vendors and internal stakeholders.
- Review and reconcile vendor statements, identifying and resolving any discrepancies or outstanding items.
- Assist with month-end and year-end closing activities, including accruals and reconciliation of accounts payable sub-ledger to the general ledger.
- Prepare and process payment batches, ensuring timely and accurate payments to vendors.
- Maintain vendor master data and ensure compliance with vendor setup and maintenance procedures.
- Assist with internal and external audits by providing supporting documentation and resolving audit inquiries.
- Identify opportunities for process improvements and efficiencies within the accounts payable function.
- Provide training and guidance to junior accounts payable staff as needed.
Qualifications:
- Fluent English
- 6+ years of experience in accounts payable
- 4+ years of experience with SAP
- Strong understanding of accounts payable processes, including invoice processing, payment processing, and vendor management.
- Proficiency in accounting software and ERP systems, with experience in SAP or Oracle preferred.
- Excellent attention to detail and accuracy, with the ability to prioritize and manage multiple tasks effectively.
- Strong analytical and problem-solving skills, with the ability to identify and resolve issues independently.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
- Ability to work independently and as part of a team in a fast-paced environment.
- Experience with international transactions and multi-currency payments is a plus.
- Bachelor's degree in accounting, Finance, or related field is preferred.
Key Components:
- .Invoice Receipt and Verification
- Invoice 3 Way Matching
- GL & CC Coding and Approval
- Data Entry - Booking of Invoice in ERP
- Payment Processing - Batches on due dates for EFT/Wire
- Record-Keeping for audit trails and Aging/OS/Balance Reporting
- Vendor Communication - Inquires/Disputes/Clarifications
- Compliance - Tax Regulations (GST/VAT, WHT/TDS) and Internal Controls - SOD/Prevention of over/underpaid and Prevent frauds or errors
