Procure To Pay Analyst

Responsibilities:
You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports while conducting analysis and reconciling transactions, boosting vendor compliance, cutting savings erosion, improving discount capture using preferred suppliers, and confirming pricing and terms prior to payment.
Responsible for accounting of goods and services through requisitioning, purchasing, and receiving.
Also look after the order sequence of procurement and financial processes end-to-end. The Accounts Payable Processing team focuses on designing, implementing, managing, and supporting accounts payable activities by applying the relevant processes, policies, and applications.
The team is responsible for timely and accurate billing and processing of invoices, managing purchase and non-purchase orders and two-way and three-way matching of invoices.
Design, implement, manage, and support accounts payable activities for an organization by applying the relevant processes, policies, and applications.
Process vendor invoices/credit notes in the agreed timeframe. "Process urgent invoices in the agreed timeframe. " Validate invoices: "identify non-compliant invoices and send these back to required stakeholders. "
Understanding the importance of business exceptions, rules, and guidelines.
Basic account knowledge, entry impact on the supplier ledger Invoice, Credit memo, and discount capture.
Raise a query to the internal business or supplier while parking the invoice using an appropriate reason.
Able to do Multiple follow-ups on hold/parked/stuck invoices via emails or calls with relevant parties for driving resolution as per business guidelines.
Ability to comprehend information available on the invoice for country-specific Tax/VAT guidelines.
Ensure Invoice data is correctly captured in the ERP/workflow system.
Process PO invoices following 2-way/3-way match Process Non-PO invoices following required approvals.
Manage and follow up on invoice exceptions. Perform quality check of invoices/credit notes.
Ensure adequacy of process controls being in place.
Ensure compliance with policies and procedures.
Manage periodic audits.
Keep documentation updated. Manage and ensure control on GRIR, vendor debit balances, direct debits, invoices on hold, etc.
Ensure all SLAs and KPIs are met. Creating/validating a payment schedule as per business guidelines.
Process vendor payment runs as per the defined schedule following parameters given in Desktop procedure.
Process urgent payment in the agreed timeframe availing all required approvals.
Ensure quality review of the payment proposals.
Ensure prepayment and postpayment validations are performed.
Coordinate with Vendor master team to manage the invoices/vendor hold.
Confirm Payment run is debited from the bank account.
Ensure the next payment run is performed after bank reconciliation is done by the RTR side.
Coordinate with the banking team to manage payment exceptions and vendor refunds.
Generate payment remittance advice and ensure these are sent to the vendors on a timely basis.
Maintain a relevant payment approval audit trail for audit and compliance purposes. Perform Duplicate audit check.
Do the RCAs for duplicate or erroneous payment.
Maintain a duplicate audit tracker until duplicate payments are received.
Requirements:
Qualifications: BCom.
Years of Experience: 1 to 3 years.
Good understanding of Vendor Invoice Processing and related controls.
Good understanding of Vendor Payment processing and related controls.
Good understanding of T& E processing and related controls.
Experience of Vendor Reconciliations.
Experience of Vendor Master Update: Experienced in Helpdesk - Query resolution.
Good understanding of PTP Month End Close Tasks.
Experienced in the preparation of GRIR Reconciliations.
Good Written Communication.
Good Verbal Communication Skills.
Good hands-on experience in MS Excel. Ready to work in night shifts.
Decent operational knowledge of MS Excel.
Finance Graduate.
Knowledge of current technologies in the PTP domain.
Prior experience in Great Plains, AS/400 and Navision.

Experience
1-4 yrs