Job Purpose
To perform routine foreign vendor invoice processing activities including checking invoices against purchase orders, timely entry into ERP system, verification of TDS requirements, coordination with banks and treasury for payment follow-up, and maintaining FEMA compliance awareness. This entry-level role focuses on learning foreign payment processes and building specialized skills in international transaction processing.
Key Result Areas
Key Result Areas
Supporting Actions
Foreign Invoice Processing Accuracy
- Process routine foreign invoices with 99% accuracy
- Perform PO-Invoice-Contract matching correctly
- Apply correct exchange rates and currency codes
- Ensure all mandatory FEMA documents are attached
TDS & Compliance
- Apply correct TDS rates under Section 195
- Verify tax residency certificates when applicable
- Account for TDS postings accurately
- Reconcile monthly TDS liability for foreign payments
Bank & Treasury Coordination
- Follow up with banks for payment execution status
- Coordinate with treasury for forex booking confirmation
- Track SWIFT payment UTRs and confirmations
- Escalate payment failures to Process Lead promptly
Learning & Development
- Build knowledge of FEMA regulations through training
- Learn different payment purposes and documentation requirements
- Improve understanding of foreign exchange and banking
- Seek guidance on complex foreign payment scenarios
