Associate – Accounts Payable

Posted 11 Days Ago
Be an Early Applicant
Bangalore, Bengaluru, Karnataka, IND
In-Office
Senior level
Hardware • Information Technology • Energy • Design • Utilities • Industrial • Renewable Energy
At nVent, we connect and protect our customers with inventive electrical solutions.
The Role
Manage end-to-end accounts payable for nVent India: process invoices, payments, reimbursements, statutory payments, vendor records, reconciliations, month-end provisioning, audit support, MIS reporting, and mentor team members.
Summary Generated by Built In

We’re looking for people who put their innovation to work to advance our success – and their own. Join an organization that ensures a more secure world through connecting and protecting our customers with inventive electrical solutions.

Summary

The Accounts Payable Associate will support the Accounts Payable function for nVent India by ensuring timely and accurate processing of invoices, payments, expense reimbursements, statutory payments, vendor records, reconciliations, month-end provisioning, and audit support. The role requires strong attention to detail, basic ERP/accounting/payment knowledge, and the ability to work collaboratively across Finance, HR, Procurement, banks, vendors, and business teams.

What YOU WILL EXPERIENCE IN THIS POSITION:

In this position, you will get to:

  • Lead and support the accounts payable process for nVent India.
  • Ensure timely and accurate processing of invoices, payments, and expense reports.
  • Coordinate with banks for payment disbursements and payment-related queries.
  • Review and approve employee travel reimbursement claims.
  • Process foreign payments for materials and services.
  • Prepare and share MIS reports, including AP trade, prepaid, and GR reports.
  • Ensure timely statutory payments, including NPS, PT, PF, TDS, GST, and Customs.
  • Maintain and update vendor records and ensure compliance with company policies.
  • Reconcile accounts payable transactions and resolve discrepancies.
  • Prepare and analyze accounts payable reports and metrics.
  • Collaborate with other departments to streamline processes and improve efficiency.
  • Assist in month-end close activities, including provisioning and accrual support.
  • Prepare audit schedules and supporting GL information for audit requirements.
  • Develop and implement accounts payable policies and procedures as required.
  • Prepare and dial up TDS/TCS liability.
  • Review and clear IDPMS, ORM, and MTT data.
  • Train and mentor team members, fostering a positive and productive work environment.

You have:

Academic background in Bachelor’s degree in Accounting or Finance.

Previous experience in or with  Minimum 5 years of Accounts Payable experience.

Technical Knowledge

Strong knowledge of accounting principles and accounts payable processes.

Systems Proficiency in accounting software and Microsoft Office Suite.

Experience with ERP systems such as SAP, M3, and SyteLine is preferred.

WE HAVE:

  • A dynamic global reach with diverse operations around the world that will stretch your abilities, provide plentiful career opportunities, and allow you to make an impact every day

    • nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation.

    • Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

  • Commitment to strengthen communities where our employees live and work

    • We encourage and support the philanthropic activities of our employees worldwide

    • Through our nVent in Action matching program, we provide funds to nonprofit and educational organizations where our employees volunteer or donate money

  • Core values that shape our culture and drive us to deliver the best for our employees and our customers. We’re known for being:

    • Innovative & adaptable

    • Dedicated to absolute integrity

    • Focused on the customer first

    • Respectful and team oriented

    • Optimistic and energizing

    • Accountable for performance

  • Benefits to support the lives of our employees

At nVent, we connect and protect our customers with inventive electrical solutions. People are our most valuable asset. Inclusion and diversity means that we celebrate and encourage each other’s authenticity because we understand that uniqueness sparks growth.

Skills Required

  • Bachelor's degree in Accounting or Finance
  • Minimum 5 years of Accounts Payable experience
  • Strong knowledge of accounting principles and accounts payable processes
  • Proficiency in accounting software and Microsoft Office Suite
  • Experience with ERP systems such as SAP, M3, SyteLine
  • Knowledge of India statutory payments (NPS, PT, PF, TDS, GST, Customs)

nVent Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about nVent and has not been reviewed or approved by nVent.

  • Retirement Support Retirement support appears well-developed, including a 401(k) plan with up to a 5% company match administered through Fidelity. Stock ownership opportunities are also offered through an employee stock purchase plan with a matching contribution.
  • Healthcare Strength Healthcare coverage is broad, spanning medical, dental, vision, prescription drug plans, and mental health resources. Additional protection benefits like disability and life/AD&D coverage are also included.
  • Leave & Time Off Breadth Time-off offerings include vacation, separate sick time for hourly employees, floating holidays, and paid volunteer time. Paid parental leave is available for up to six weeks within the first 12 months to bond with a new child.

nVent Insights

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The Company
HQ: Saint Louis Park, MN
10,001 Employees
Year Founded: 2018

What We Do

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com.

Why Work With Us

At nVent, our employees bring bold ideas, are authentic and build the future of a more sustainable and electrified world. Promoting a culture of inclusion is a cornerstone of our strategy and is woven throughout our organization. We believe that diverse perspectives are key to our company’s ability to innovate for our customers and grow.

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