Senior Process Associate (AP)

Job Description:

Key Responsibilities:

1. Payment Processing:
• Handle the end-to-end payment process in NetSuite, including vendor payments, employee reimbursements, and intercompany transactions.
• Generate and review payment batches, ensuring accuracy and compliance with payment terms.
2. Invoice Verification and Reconciliation:
• Verify invoices and ensure proper coding before payment.
• Reconcile payment discrepancies and collaborate with vendors or internal teams to resolve issues.
3. Bank Transactions:
• Manage bank integrations in NetSuite for processing electronic fund transfers (EFTs), ACH payments, wire transfers, and checks.
• Reconcile bank statements against payments in NetSuite.
4. Compliance and Documentation:
• Ensure all payment processes adhere to company policies and financial regulations.
• Maintain accurate records of payment transactions and provide supporting documentation for audits.
5. Reporting and Analysis:
• Generate payment reports and monitor payment trends to identify potential improvements.
• Analyze outstanding payments and proactively address delays.
6. Process Improvement:
• Identify opportunities to optimize the payment workflow within NetSuite.
• Collaborate with finance and IT teams to implement automation and improve system functionalities.
7. Stakeholder Collaboration:
• Work closely with procurement, accounts payable, and treasury teams to ensure smooth payment operations.
• Serve as the point of contact for payment-related queries from internal teams and vendors.

Qualifications:

• B.Com / Bachelor’s degree in Finance, Accounting, Post Graduate in relevant discipline will be given preference. 
• Minimum of 5+ years of experience in treasury and accounts payable management.
• Strong understanding of cash management principles and accounts payable processes.
• Proficiency in financial software and Microsoft Office NetSuite.
• Excellent communication, analytical & problem-solving Skills.
• Ability to work independently and as part of a team.

Working Days: 5 days (Monday - Friday)

Working Hours/Shift – 9 hours (US work Shift - 6:30 PM to 3:30 AM), mix of Work from home and Worm from office for a week once in a quarter. The working hours may get extended due to nature of the business.