Sr. Officer -Payments

Location

Mumbai | India

Job description

P2P Team supervisor for HEIC. Processing vendor payout activity, process improvements, handling Domestic and import AP process, MIS reports, Monitoring vendor advances, GRIR/ITBR ledger balances, banking operations and monitoring regular SSC- Operations.

Primary responsibilities:

1. AP vendor payout activity and associated reconciliations

2. Coordinating with the business users, F&A and IT teams

3. Identify and implement process improvements

4. Coordinate with the Internal & External Auditors & ensured no Audit Observations

Domestic & Foreign Supply/Service Bills:

1. Document verification with purchase order terms, GRN/SRN and Vendor Invoice
2. Ensure Internal control & statutory compliance
3. Timely Arranging form 15CB from auditors & filing of 15CA
4. Booking of freight forwarding charges bills after necessary checking and approvals.
5. Preparing payment Documents for remittance - as per respective bank's requirements. & formats.
6. Submission of approved requests to banks and getting the payments done.

Vendor Letter of Credit Transactions:

1. Verification of Draft LC requests with purchase orders and Final processing of LC on submission of approved LC request from Project
2. Preparing LC issuance requests as per respective bank's requirements & formats and getting it approved.
3. Submission of approved requests to banks in soft as well as hard copies and getting LC's issued.
4. Taking care of LC amendments, communication with banks
5. Ensure timely tracking of due dates for making LC payments
6. Verification of LC issuance & amendment charges with standard rates & document the same with approval as per ICFR Requirements.

Reporting :

1. MIS reports related to vendor bill processing.
2. Monitoring regular SSC- Operations
3. Co coordinating with audit team & providing evidences with explanations for ICFR Requirements.
4. Monthly Review of Open advances & vendor debit balances & getting details from project teams.

Secondary: Process improvements, digitization projects and automation.

Job tags

Salary