About Job
As an Accounts Payable Specialist you will contribute to our mission of revolutionizing the HR industry with cutting-edge solutions. As an integral part of our accounting team, you will play a crucial role in managing our accounts payable processes and ensuring accurate and timely payment processing.
What You'll Do
- Handle end-to-end accounts payable processes, including vendor invoice processing, verification, and payment issuance for all regions (India time zone).
- Ensure that foreign exchange is incorporated and account for in moving transactions globally
- Partner with the payroll team to ensure accurate payments to supported employees
- Work with banking partners to ensure efficient relationships and rails are made for executing payments
- Maintaining accurate financial records and reports across multiple bank accounts
- Execute payments based on defined SLAs and metrics as it relates to paying members in countries where jurisdictionally compliant
- On-time funding receipt
- On-time payments to members
- On-time payments to statutory bodies
- Accurate payments to members
- Accurate payments to statutory bodies
- Accurate payments to third party vendors
- Maintain accurate records of all accounts payable transactions, ensuring compliance with company policies and financial regulations.
- Resolve discrepancies and issues related to invoices and payments, both internally and externally.
- Build and maintain strong relationships with vendors, addressing inquiries, and resolving payment-related concerns promptly and professionally.
- Collaborate with internal stakeholders to ensure smooth communication with vendors and effective resolution of payment-related matters.
- Process employee expense reimbursements in a timely and accurate manner, ensuring adherence to company policies and expense guidelines.
- Leverage your expertise in Netsuite to efficiently manage payroll payment processing, ensuring employees receive accurate and timely compensation.
- Collaborate with the HR team to validate payroll data and resolve any discrepancies in payroll-related transactions.
- Utilize your experience in the general ledger to ensure proper coding and allocation of accounts payable transactions.
- Reconcile accounts payable balances with the general ledger and investigate and resolve any discrepancies.
- Assist in generating relevant financial reports related to accounts payable and payroll activities.
- Provide insights and analysis on accounts payable trends, payment patterns, and potential areas for improvement.
- Support the finance team in preparing for internal and external audits related to accounts payable and payroll processes.
- Ensure adherence to accounting standards and regulations in all accounts payable operations.
Skills & Qualification
- A Bachelor's degree in Accounting or a related field, or equivalent combination of education and experience.
- Minimum 5 years of relevant work experience in accounts payable or finance roles.
- Experience with accounting in payments and general ledger.
- Demonstrated proficiency in using Netsuite for accounts payable and payroll processing.
- Preferably, at least 3 years of hands-on experience in payroll payment processing within Netsuite.
- Strong understanding of accounting principles and practices.
- Ability to analyze financial data and interpret reports.
- Meticulous attention to detail, ensuring accuracy in payment processing and data management.
- Fluent in English with excellent communication and interpersonal skills, capable of building strong relationships remotely.
- Ability to collaborate effectively with cross-functional teams and external vendors.
- Proven ability to identify issues, propose solutions, and implement process improvements.
- Strong organizational skills to manage multiple tasks and prioritize deadlines effectively.
