AP AR Esc - Gandhinagar - B1(16)

AP AR Esc - Gandhinagar - B1(16)

Stalwart Management Consulting (16 Opening)
0.9 Year(s) To 1.0 Year(s)
Not Mentioned To 1.50 LPA

Job Profile

Accounts Payable / Receivable, Escheatment

 

Team Objectives:

 

Given below are the broad objectives of the entire team. Each band of FTE has a different role to perform and hence the skills and competency requirements are different for each role.

  • Process vendor payments, invoice processing, payments for PO invoices, Non PO invoices, vendor master management, check for duplicate payments,
  • Respond to vendor queries, statement requests, 1099 queries
  • Validate return payments, ACH returns, OFAC status, stop payment requests, positive pay
  • Employee travel and expense audits, statement reconciliations, credit card expense reconciliations, respond to employee queries
  • Generate customer billing, invoices as per agreements / instructions, track overdue amounts, liaise for overdue amounts, ageing reporting, apply cash to respective accounts when payment is received
  • Follow-up on open invoices, create outstanding invoice report upon request
  • Unclaimed property (Escheatment) activities, send due diligence letters to customers, liaise with states for escheated payments, make adjustment entries in unclaimed property system
  • Liaise with respective business units for queries, seeking information / details relevant for financial preparation

 

Band wise skills and competencies:

 

Evaluation criteria

Band 1 – 3

Band 4-5

Band 6-7

Education

BCom, MCom, MBA Finance, BBA

BCom, MCom, MBA Finance, BBA

BCom, MCom, MBA Finance, BBA

Experience

1-3 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas

3-8 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas

10+ years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas

Domain / Accounting knowledge and skills

·    Basic understanding of accounting principles

·    Advanced understanding of accounting principles

·    Knowledge of insurance products and operations desirable

·    Should be able to provide domain support to team members

·    Should be able to understand the effects of Journal Entry adjustments

·    Expert understanding of accounting principles

·    Knowledge of insurance products and operations desirable

·    Should be able to mentor and guide the team on regular basis

·    Should be able to understand the effects of Journal Entry adjustments

Knowledge of ERP / Accounting / Financial reporting systems

Basic knowledge will be preferred

Advanced knowledge will be preferred

Advanced knowledge will be preferred

MS Excel / Access skills

Basic

Advanced

Advanced

General Ledger Reconciliations

Basic knowledge desirable but not necessary

Advanced knowledge desirable but not necessary

Advanced understanding required

Team Management

Not required

Process supervision and oversight, manage deliverables of smaller teams

Supervise and manage the entire Financial Reporting team

 

 

 

 

Other requirements:

• Responsible for executing processes based on written instructions.

• Transaction based activities include sorting, verifying for accuracy and completeness, formatting data, posting, and preparing output (Invoice processing, vendor payments, EFT, Wire payment requests, bank statements, reports)

• Responsible for executing complex processes that involve greater subjective thinking

• Transaction based activities and processing are at a much higher volume of transactions than lower level staff

• Also Responsible for managing the day-to-day workload and first-level process escalation, and reviews processes for accuracy and timeliness. 

• Responsible for leading and directing the work of others and the overall process.  Reviews client critical deliverables, manages the overall workload, and second-level process escalation. 

• Familiar with a variety of the field's concepts, practices, and procedures - relies on extensive experience and judgment to plan and accomplish goals. A wide degree of creativity and latitude is expected.

 

• Proficient in MS Office applications            

• Good command of English both in written and spoken                                              

• Customer centricity

• Understanding of financial processes and applications as per the requirement of the role

• Good command of English both in written and spoken with customer centricity

 • Analytical, decision making, problem solving, and people management skills             

• Strong understanding of financial processes and applications as per the requirement of the role

• Results-oriented leader

• Analytical, decision making, problem solving, and people management skills             

• Strong understanding of processes and process improvement

•  Excellent command of English both in written and spoken with customer service orientation

 

Company Info

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