Accounts Payable Executive
Location
Bangalore | India
Job description
Introduction
At SymphonyAI, we are building the leading AI SaaS company for enterprise transformation across the most critical industry sectors. We provide focused AI applications designed to rapidly solve challenging business problems and deliver breakthrough insights, increasing operational efficiencies and growing revenue for customers.
SymphonyAI is looking for a Accounts Payable based out of India to manage global payroll. This role will work closely with business partners and external service providers to ensure timely payroll.
Job Description Job Description: The Accounts Payable Specialist plays a crucial role in the financial operations of a company or organization. They are responsible for managing and processing all incoming invoices and expenses, ensuring accurate and timely payments to vendors, suppliers, and service providers. The primary objective of the Accounts Payable Specialist is to maintain the company's financial records and uphold strong relationships with external stakeholders.
Key Responsibilities - Invoice Processing: Receive, review, and process incoming invoices from vendors and suppliers, ensuring they comply with company policies and procedures. Verify the accuracy of invoice details, such as billing amounts, terms, and account codes.
- Payment Processing: Prepare and execute payments, such as checks, electronic transfers, and ACH transactions, in a timely manner. Maintain accurate payment records and ensure adherence to payment schedules.
- Vendor Management: Establish and maintain positive relationships with vendors and suppliers. Address payment inquiries, resolve discrepancies, and handle any issues related to accounts payable in a professional and efficient manner.
- Expense Reporting: Process employee expense reports, ensuring compliance with company expense policies. Validate receipts, check for appropriate approvals, and reimburse employees according to company guidelines.
- Reconciliation: Perform periodic reconciliations of accounts payable records with vendor statements and general ledger accounts. Identify and resolve discrepancies to maintain accurate financial data.
- Record-Keeping: Maintain well-organized and up-to-date records of all accounts payable transactions. Ensure that all documentation is properly filed and easily accessible for internal and external audits.
- Reporting: Generate and provide regular reports on accounts payable activities, including outstanding payments, aging analysis, and cash flow projections.
- Compliance: Stay up-to-date with relevant financial regulations and internal policies to ensure compliance with accounting principles and industry standards.
- Process Improvement: Continuously identify opportunities for process improvement within the accounts payable function. Implement and contribute to the enhancement of automation, efficiency, and accuracy.
- Collaborative Support: Collaborate with other finance team members, such as the Accounts Receivable Specialist and Finance Manager, to ensure smooth financial operations and accurate reporting.
Requirements - Educational Background: A high school diploma is typically required. A degree in accounting, finance, or a related field is preferred but not always mandatory.
- Experience: Previous experience in an accounts payable role or general accounting experience is beneficial. The level of experience required may vary depending on the organization's size and complexity of financial operations.
- Knowledge: Proficient understanding of accounting principles, accounts payable procedures, and financial regulations. Familiarity with accounting software and ERP systems is an advantage.
- Attention to Detail: Strong attention to detail is essential to accurately process invoices, payments, and expense reports.
- Organizational Skills: Effective organizational and time-management skills are necessary to handle multiple invoices, payments, and vendor communications simultaneously.
- Communication Skills: Excellent communication skills are required to interact with vendors, suppliers, and internal stakeholders professionally and effectively.
- Integrity: The Accounts Payable Specialist deals with sensitive financial information and must maintain a high level of confidentiality and integrity.
- Problem-Solving: The ability to identify and resolve issues related to accounts payable efficiently is crucial for success in this role.
- Computer Proficiency: Proficiency in using spreadsheet software (e.g., Microsoft Excel) and accounting software is essential.
About Us SymphonyAi is an enterprise AI company transforming the world's largest industries with packaged AI applications. SymphonyAi is at the forefront of innovation, leveraging cutting-edge artificial intelligence and machine learning technologies to transform industries and drive business growth. As a global leader in AI-powered solutions, we empower organizations to harness the full potential of data-driven insights. SymphonyAi enterprise applications rapidly deliver transformative business value across retail, CPG, financial services, manufacturing, media, IT and enterprise operations, and the public sector.
We are on a mission to build a 'World Class Engineering Team' with a high-performance culture. Over 3000 talented leaders, data scientists, and other professionals incubate and build SymphonyAi Group solutions
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