AP AR Esc - Gandhinagar - B1(16)
Job Description:
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:
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Evaluation criteria |
Band 1 – 3 |
Band 4-5 |
Band 6-7 |
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Education |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
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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 |
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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 |
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Knowledge of ERP / Accounting / Financial reporting systems |
Basic knowledge will be preferred |
Advanced knowledge will be preferred |
Advanced knowledge will be preferred |
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MS Excel / Access skills |
Basic |
Advanced |
Advanced |
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General Ledger Reconciliations |
Basic knowledge desirable but not necessary |
Advanced knowledge desirable but not necessary |
Advanced understanding required |
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Team Management |
Not required |
Process supervision and oversight, manage deliverables of smaller teams |
Supervise and manage the entire Financial Reporting team |
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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. |
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• 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 Profile
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