At bp, we're reimagining energy for people and our planet. Creating a more efficient business that makes the best use of its resources is a critical part of getting there. And that's what our new FBT center in Pune, India is here to do put digital at the heart of our business and accelerate the transformation of bp's business process the world globe. Driven by the bp values and comprising capabilities in data, procurement, finance and customer service, the GBS center will drive latest digital solutions and agile ways of working.
The Accounts Receivable (AR) Analyst is responsible for managing and optimizing the accounts receivable process, including payment allocations, dispute resolution, and reporting. The role involves maintaining accurate financial records, analyzing collection trends, and collaborating with internal teams to address receivables-related issues. Ideal candidates have a degree in Finance or Accounting, 46 years of experience in AR, proficiency in MS Excel, and strong analytical and communication skills.
Key Responsibilities-
- Understand the business and drive execution:
- Monitor and manage assigned customer accounts to ensure timely collection of outstanding invoices.
- Analyze aging reports and prioritize collection efforts based on risk and exposure.
- Contact customers via phone and emails to follow up on overdue payments.
- Investigate and resolve customer disputes and billing discrepancies in collaboration with internal teams
- Allocation of incoming payments including Direct Debit allocation, wire transfer, cheques
- Monitoring of open items / overdue payments / accounts and payment runs
- Dealing with returned funds, deductions and other differences
- Preparation of manual posting documents, posting against provisions
- Prepare reports and supervise / verify master data and taking part in closing activities
- Handle payment discrepancies by investigating and resolving issues related to short payments, overpayments, and unidentified payments.
- Managing the TDS deductions and reconciliation
- Maintain up-to-date and accurate records of all cash receipts.
- Ensure all transactions are recorded in compliance with company policies and accounting principles.
- Analyze payment patterns and provide insights to improve AR application processes.
- Liaise with customers/sales team to resolve payment issues and clarify discrepancies.
- Identify opportunities for process improvements to enhance efficiency and accuracy in cash application.
- Participate in projects aimed at automating and streamlining AR processes.
Key Challenges-
- Able to consistently review and adapt approach and style to meet ever changing requirements.
- Experienced to manage conflicting work issues and deadlines to ensure deliverables are met and knows when to escalate urgent matter on timely manner.
- Being able to work under fast paced environment
- Experience using JDE/SAP and MS Office application
- Requirement to work some Public Holidays / Saturdays.
Education And Experience-
- Bachelor's degree or equivalent experience in economics, Business, Finance, Accounting or related field with relevant language skills.
- Previous accounts receivable, master data or data analytical /customer service experience (3-6+ years)
- Shared service center experience preferably in oil and gas industry/or any multinational
- Experience dealing/working with sales and external customers
- Good Analytical and numerical skills with sound financial accounting experience.
- Relevant systems knowledge AS 400 and SAP
We are an equal opportunity employer and value diversity at our company! We do not discriminate based on race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
