Senior Executive- Payments Processing (Accounts Payable)

Company DescriptionNEC Software Solutions (India) On 1st July 2021, Rave Technologies became NEC Software Solutions India. This change brought us under the global NEC Corporation brand. We are proud to be part of an organisation with 122 years of experience in evolution with technology and innovation.We have more than 30 years of experience in providing end to end IT services across the globe and have earned a reputation for delighting our customers by consistently surpassing expectations and helping them deliver robust, market-ready software products that meet the highest standards of engineering and user experience. Supported by more than 1300 exceptionally talented manpower, we are a hub for offshore support and technology services.We work with diverse industry verticals which include publishing, media, financial services, retail, healthcare and technology companies around the world. Our customers range from two-person startups to $bn listed companies.For more information, visit at www.necsws.com/india.About NEC CorporationNEC Corporation is a Japanese multinational information technology and electronics company, headquartered in Tokyo, Japan. It is recognised as a ‘Top 50 Innovative Company’ globally and the NEC Group globally provides “Solutions for Society” that promote the safety, security, fairness and equality of society. Their main goal is to help create a safer society with their innovations in technologies.NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential.For more information, visit NEC at https://www.nec.com.  Job DescriptionRole Summary:The team member is responsible for executing timely and accurate payments to vendors, employees, and other stakeholders in accordance with company policies and contractual termsWork Experience:Essential:Have worked in SAP environment having T-code knowledgeExperience in shared services / customer facing environmentHave fair knowledge of the Procure to Pay ProcessUnderstanding of Standard Operating Procedures (SOP/DTP)Good Word, Excel & PowerPoint skillsGood verbal and written communication skillsSAP working knowledge will be added advantageWell-in Confidence to handle Multi-Tasking ability and well-verse into itOverall Project/Task DescriptionStrong knowledge on SCF, Fund-flow estimation, AP Ageing, Domestic and Forex PaymentReview payment terms, prioritise payments and co-ordinate with vendors for prompt resolution of payment related issuesVerify and approve all new requests/changes to the agreed business processes and policies whilst maintaining high levels of understanding, quality and accuracyManage the reimbursement process for employees’ expenses including reviewing expense reports, verifying supporting documentation and ensuring compliance with company policiesAccounts Payable Vendor helpdesk knowledge- Handling Query ManagementVerify payable information in the system & highlight any data discrepancyResponsible for documenting bounced and fraudulent payments and notifying proper authorities as and when such documents are createdRespond to queries in a timely and accurate mannerCreate data trackers for supporting monitoring activitiesAssist team leader in a timely and appropriate manner with regards to Vendor/Employee Payments and payroll activitiesAccuracy & timelines: Ensure 100% accuracy rate in day-to-day activities to ensure TAT/SLA are metEnsure on Validation, reservation and Finalization of due invoices for paymentMode of payment knowledge and how it gets execute as per process and vendor requirementEnsuring efficient handling of daily business activities and maintaining data integrity. GRIR process having end to end P2P knowledgeKnowledge and co-ordination with Treasury process to sync on payment authorization and execution. Identify opportunities for process improvements within the accounts payable functionGood understanding of the different types of invoice processingPrepare the AP open items statusGood understanding of Sub- ledgers of AP and make sure to take all actions before closing the AP booksQualificationsEducation: Graduate or MBA/Post Graduate bachelor’s in commerceAdditional InformationLocation: Mumbai, Airoli & Worli Working Hours: 8.5 hours/day (UK Shift)