IN-Senior Associate_Accounts Payable_Finance _IFS_Gurgaon

Job description

Job Description & Summary: The individual will be reviewing and managing key tasks to ensure timely and accurate workflow. This role involves extensive analysis and staying updated with firm-related policies and procedures while managing business exceptions. Meeting operational standards by contributing information to strategic plans, reviewing and resolving problems, and identifying system improvements are also key responsibilities. **Responsibilities** - Build and maintain effective business relationships with the client, stakeholders, leaders to manage operations efficiently. - Manage transitions and identify new business opportunities. - Identify and review internal controls in management reporting processes to mitigate risks with standardized and improved procedures. - Develop and monitor key performance indicators for team functionality and maintain high standards. - Review client and governance reports and lead operational calls as necessary. - Periodically review the entire function with experienced associates. - Ensure timely compliance and achieve results consistently. - Exercise judgment within defined procedures and policies to determine appropriate actions while managing exceptions. - Improve customer support by handling Level 2 escalations effectively. - Resolve sensitive, confidential issues promptly and in line with established policies. - Implement enhancements to existing processes, recommend improvements, and communicate changes to the business before go-live. - Provide training and contribute to creating a high-performing team through appropriate guidance. - Foster a positive and competitive work environment with positive energy. - Accounts Payable Management: - Oversee vendor invoice receipt, validation, and posting. - Manage payment runs in accordance with the payment schedule. - Ensure timely upload and approval of payment files with banking partners. - Oversee accounting for vendor advances. - Manage staff reimbursement claims and petty cash expenses, ensuring compliance with company policies. - Invoicing and Accounts Receivable Management: - Govern master data for invoicing, including contract/MSA rates and terms. - Manage billing schedules and employee/project tracking. - Supervise manual invoice creation and approval processes. - Oversee collections and track overdue accounts. - Conduct foreign TDS reconciliation. - Accounting and Book Closure: - Manage period-end activities, including journal postings and reconciliations. - Conduct bank, intercompany, and vendor/customer reconciliations. - Calculate forex gains/losses and prepare the trial balance. Mandatory skill sets Accounts Payable /Receivable Management Team Management **Preferredskill Sets** Employee and Vendor Relations: Years of experience required: 6-8 Years Education qualification: Mcom/Mba/Pg