Senior Analyst - Accounts Payable (P2)

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At RTX, the world's largest aerospace and defense company, 185,000 great minds are united by purpose and inspired to make a difference solving the world’s most complex problems. With our three market leading businesses, world-class operations and investments in research and development, we offer capabilities and opportunity no one else can. Together, we push the boundaries of known science and find new ways to connect and protect our world. Join us and help shape the future of aerospace and defense.

Key Roles & Responsibilities

Oversee the processing of invoices and verification of transactions to ensure accuracy and timely payments to vendors and suppliers.
Manage the accounts payable team, including hiring, training, and evaluating staff performance to ensure efficiency and compliance with company policies.
Implement and maintain internal controls and procedures to prevent errors and fraud in the accounts payable process.
Reconcile accounts payable transactions with general ledger balances, identifying discrepancies and resolving issues to ensure accuracy in financial statements.
Ensuring timely payments of vendor invoices and expense vouchers, maintaining accurate records and control reports
Prepare and analyze accounts payable reports and metrics to assess performance and identify areas for improvement in the payment process.
Managing monthly closing of financial records and posting of month-end information, ensuring accuracy of financial statements
Reviewing and reconciling supplier statements, resolving any discrepancies in a timely manner
Coordinate with procurement and receiving departments to ensure that purchase orders, receipts, and invoices are matched accurately and resolved discrepancies.
Handle complex vendor inquiries and disputes, including resolving billing errors and negotiating adjustments or refunds to ensure fair and accurate transactions.
Oversee key financial activities, including month-end close, tax filings, and payment processing.
Work to identify areas for process improvements and enhance operational efficiency.
Assist with financial reporting, ensuring accuracy and compliance with organizational policies.
Build strong working relationships within the team and with internal stakeholders.
Ensure adherence to deadlines and provide guidance on key financial processes.
Contribute to the development of a high-performing, service-focused team.
Assist with the management of systems used in accounts payable processes.
Provide backup support to senior management and assist with special projects as needed.

Required Skills

Invoice & Payment Oversight: Lead and manage the end-to-end invoice and payment processing, ensuring invoices are accurately matched with purchase orders and receipts. Ensure timely approval of payments as per approval policies.
Payment Methods & Processing: Oversee and manage all payment methods, including electronic funds transfers (EFTs), checks, wires, and alternative methods, ensuring accuracy and efficiency.
Vendor Management: Maintain strong relationships with vendors, resolve payment disputes, and ensure proper setup and maintenance of vendor records.
Month-End Close: Prepare and review journal entries and balance sheet reconciliations as part of the month-end close process. Accrue expenses and investigate any discrepancies, ensuring accurate reporting.
Process Improvement & Systems Implementation: Lead the implementation of new systems and processes to enhance efficiency, scalability, and the overall accounts payable workflow. Drive automation initiatives and ensure best practices are applied.
Compliance & Reporting: Ensure adherence to company policies, internal controls, and relevant regulations. Prepare and present reports on accounts payable activities, including aging reports and cash flow forecasts.
Audit Support: Assist in internal and external audits by providing required documentation and responding to audit inquiries.

Experience
5-7 years of experience in Finance Operations, with a strong focus on Accounts Payable, Invoice Processing, Indexing, Payment Disbursements, Month End Close, Reconciliations, Vendor Management, etc.
·       Excellent communication and organizational skills, with a keen attention to detail and a problem-solving mindset.

Good knowledge of SAP, Oracle, MS Office ( Excel, Word, PowerPoint & Outlook )

Required Education

B.com/M.com/MBA-finance from a reputed college / university.

Please ensure the role type defined below is appropriate for your needs before applying to this role. This position is classified as:

Onsite: Employees who are working in Onsite roles will work primarily onsite. This includes all production and maintenance employees, as they are essential to the development of our products.

Hybrid: Employees who are working in Hybrid roles will work regularly both onsite and offsite. Ratio of time working onsite will be determined in partnership with your leader.

Remote: Employees who are working in Remote roles will work primarily offsite (from home). If you live within a reasonable commute of an RTX site with other colleagues you interact with, your manager will discuss whether there is a degree of onsite presence associated with this role.

Candidates will learn more about role type and current site status throughout the recruiting process. For onsite and hybrid roles, commuting to and from the assigned site is the employee’s personal responsibility.

Requires theoretical to advanced knowledge of work area typically obtained through University Degree combined with experience. Practical knowledge of RTX projects, programs
or systems with the ability to make enhancements and leverage in daily work.

Typically requires a University Degree or equivalent experience and minimum 2 years of prior relevant experience.

Engineering/Other Technical Positions:Typically requires a degree in Science, Technology, Engineering or Mathematics(STEM) and a minimum of 2 years of prior relevant experience unless prohibited by local laws/regulations.

RTX adheres to the principles of equal employment. All qualified applications will be given careful consideration without regard to ethnicity, color, religion, gender, sexual orientation or identity, national origin, age, disability, protected veteran status or any other characteristic protected by law.  

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