The Role
Processes and verifies vendor invoices, codes accounts payable transactions, maintains vendor records, monitors payment schedules, prepares payments, reconciles accounts, resolves discrepancies, and responds to vendor inquiries. Collaborates with purchasing and accounting teams while following company procedures and service-level agreements. Requires substantial SAP ERP experience, accounting knowledge, data entry and record management skills, and strong communication and time management abilities.
Summary Generated by Built In
Role Overview/ Job Description
- Receive and process vendor
invoices: This includes reviewing invoices for accuracy, coding invoices with
the correct account codes, and verifying that the invoice matches the purchase
order.
- Maintain accurate records: Keep
accurate and up-to-date records of all accounts payable transactions, including
invoices, receipts, and payments.
- Monitor payment schedules:
Track payment due dates and ensure that payments are made on time to avoid any
late fees or penalties.
- Process payments: Prepare
checks or electronic payments to vendors and ensure that they are sent out on
time.
- Reconcile accounts: Verify that
vendor accounts are accurate and up to date by reconciling accounts and
resolving any discrepancies.
- Respond to vendor inquiries:
Communicate with vendors to answer any questions they may have about their
accounts or payment status.
- Maintain vendor files: Maintain
accurate and up-to-date files on all vendors, including contact information,
payment terms, and payment history.
- Follow company policies: Adhere
to company policies and procedures related to accounts payable processing.
- Collaborate with other
departments: Work closely with other departments, such as purchasing and
accounting, to ensure that all transactions are processed accurately and
efficiently.
- Perform other duties as
assigned: Assist with other tasks or projects as needed to support the
accounting team.
- Major Experience in SAP ERP
Requirements
Requirements/
Ideal Candidate:
- Ensures the
delivery of a high quality, customer focused service on a daily basis in
accordance with agreed Service Level Agreements.
- India market AP
experience preferable
- SAP ERP experience
must for the major part of candidate’s experience.
- Good accounting
knowledge.
- Data entry
skills.
- Record
management skills.
- Good
communication skills.
- Time management
skills.
Qualifications
(Education/Experience/Certification):
- Bachelor’s degree in accounting
and/or Finance only.
- Fluency in English both written and spoken.
- Minimum 1.5 years of financial
experience for major company or division of large corporation.
- Previous experience in procure to pay or accounts payable
preferred.
- Knowledge/Exposure to SAP must.
Skills Required
- Bachelor’s degree in Accounting and/or Finance
- Fluency in written and spoken English
- Minimum 1.5 years of financial experience with a major company or division of a large corporation
- Majority of experience using SAP ERP
- Knowledge or exposure to SAP
- Good accounting knowledge
- Data entry skills
- Record management skills
- Good communication skills
- Time management skills
- Previous procure-to-pay or accounts payable experience
- India market accounts payable experience
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The Company
What We Do
ITC is one of India's foremost private sector companies with a Gross Revenue of ₹ 69,446 crores and Net Profit of ₹ 20,422 crores (as on 31.03.2024). ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agri-Business. ITC's aspiration to be an exemplar in sustainability practices is manifest in its status as the only company in the world, of its size and diversity, to be carbon, water and solid waste recycling positive. In addition, ITC's businesses and value chains create sustainable livelihoods for more than 6 million people, a majority of whom represent the poorest in rural India
