Accounting Associate(Invoice to Pay)

Career Area:
Finance
Job Description:
Your Work Shapes the World at Caterpillar Inc.
When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.
Your Impact Shapes the World at Caterpillar Inc
When you join Caterpillar, you're joining a global team who cares not just about the work we do - but also about each other. We are the makers, problem solvers and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here - we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.
Job Summary
We are seeking a skilled and experienced Accounting Associate(Invoice to Pay) join our team who will have the opportunity to champion our GLBL BusSvcs - Payments - ITP .
The incumbent would be managing the Invoice To Pay (ITP) process work with the service provider for monitoring and delivering of services. Minimize the risk exposure of the enterprise by ensuring compliance with the policies & procedures for Invoice to Pay process.
The preference for this role is to be based out of Bangalore, Whitefield office
What you will do
To manage the Invoice to Pay (ITP) process work with the service provider for monitoring and delivering of services. Minimize the risk exposure of the enterprise by ensuring compliance with the policies & procedures for Invoice to Pay process. From the outset, the accountant will be expected to be a contributing performer, performing financial/decision support accounting work that supports business processes.
Additionally, this position will:

• Develop an expanded understanding of Caterpillar's business and accounting practices, systems, and procedures.

• Coordinate with the Service provider for accounting the vendor invoices, grief resolution and timely payments.

• Monitor the quality of the deliverables by reviewing the vendor invoices accounted in SAP

• Perform quality audits to validate the accuracy on the vendor invoice accounting and vendor payments.

• Monitor the invoice grief and payment grief for timely resolution and follow the governance process in case of escalations.

• Monitor the service deliverables through designated system and tools. Should be conversant with interactive dashboards to analyze and arrive insights for discussion with the service provider.

• Review the payable reconciliation for aged balances and coordinate with the service provider and Business units for resolution.

• Utilizes various computerized systems to accumulate and process data and identifies process improvement opportunities within Trade & Exchange to improve compliance efficiency.

• The variety of accounting tasks ranges from low to medium complexity. Interaction outside the workgroup is typically with peers. As the Accountant gains experience, he/she will develop a technical understanding of more complex accounting issues and expand their decision-making capability.

• The accountant will demonstrate knowledge and ability to independently handle accounting issues. They will demonstrate good communication skills and have an expanded knowledge of Caterpillar's businesses, products, suppliers and customers

What you will have

• Degree in accounting with at least 6 years of accounting experience.
• Incumbent must demonstrate knowledge of policies and procedures, plus initiative, leadership, excellent analytical skills, problem solving, good judgment and superior communication skills.
• Accounting skills and a strong knowledge of Payments activities is required.
• Excellent interpersonal skills are required to deal with highly sensitive issues, develop others or persuade others inside and outside the department take specific actions.
• SAP experience preferred.
• Flexibility to work in US shifts required.

Skills desired:
Accuracy and Attention to Detail : Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.
Level Working Knowledge: • Accurately gauges the impact and cost of errors, omissions, and oversights. • Utilizes specific approaches and tools for checking and cross-checking outputs. • Processes limited amounts of detailed information with good accuracy. • Learns from mistakes and applies lessons learned. • Develops and uses checklists to ensure that information goes out error-free.
Analytical Thinking : Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
Level Working Knowledge: • Approaches a situation or problem by defining the problem or issue and determining its significance. • Makes a systematic comparison of two or more alternative solutions. • Uses flow charts, Pareto charts, fish diagrams, etc. to disclose meaningful data patterns. • Identifies the major forces, events and people impacting and impacted by the situation at hand. • Uses logic and intuition to make inferences about the meaning of the data and arrive at conclusions.
Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Level Working Knowledge: • Delivers helpful feedback that focuses on behaviors without offending the recipient. • Listens to feedback without defensiveness and uses it for own communication effectiveness. • Makes oral presentations and writes reports needed for own work. • Avoids technical jargon when inappropriate. • Looks for and considers non-verbal cues from individuals and groups.
What you will get:

• Work Life Harmony
• Earned and medical leave.
• Flexible work arrangements
• Relocation assistance

Holistic Development

• Personal and professional development through Caterpillar 's employee resource groups across the globe
• Career developments opportunities with global prospects

Health and Wellness

• Medical coverage -Medical, life and personal accident coverage
• Employee mental wellness assistance program

Financial Wellness

• Employee investment plan
• Pay for performance -Annual incentive Bonus plan.

Additional Information:
Caterpillar is not currently hiring individuals for this position who now or in the future require sponsorship for employment visa status; however, as a global company, Caterpillar offers many job opportunities outside of the U.S. which can be found through our employment website at www.caterpillar.com/careers
Caterpillar is an Equal Opportunity Employer (EEO)
EEO/AA Employer. All qualified individuals, including minorities, females, veterans and individuals with disabilities - are encouraged to apply.
Posting Dates:
September 27, 2024 - October 3, 2024
Caterpillar is an Equal Opportunity Employer (EEO).
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