Role : Payment Processing
What the job incumbent will do?
Key Responsibilities Include, But Are Not Limited To
Run payment proposals as per schedule and perform 1st level of review
Initiate and participate in continuous improvement projects
Maintain high productivity and accuracy
Ensure adequate controls over the process are maintained
Prepare MIS for meeting management requirements
Ensure correct rate of TDS has been deducted at the time of payment
Address level 2 support related supplier/internal customer inquiries
Review and timely resolution of all audit queries
Check invoice authorization for correct signature and authorization limits per company policy
Ensure no excess or short payments are made
Co-ordinate with banks for smooth payment process
Perform intercompany reconciliations
Undertake netting of transactions for final payment process
Liaise with Treasury team on bank transmission files and issue resolution
What experience and knowledge will the incumbent bring?
Working knowledge of GST provisions and withholding tax
3 years of experience in Accounts Payable
Working knowledge of Bank Guarantees and Letters of Credit
Proficient knowledge of MS Office
Prior experience of working on SAP (preferred)