Title:  Procure to Pay Specialist

Job Summary

As a Financial Specialist-Invoice to Pay in the Global I2P Organization, you are responsible to support I2P end to end process domains including accounts payable invoices.

The candidate should have a strong understanding of both India's Goods and Services Tax (GST) and Tax Deducted at Source (TDS) regulations. The role involves ensuring accurate and timely processing of vendor invoices, compliance with GST and TDS regulations, and reconciliation activities.

Job Requirements

Job Requirements:

- Excellent verbal and written communication skills.

- Intermediate or higher MS Excel skills.

- Attention to accuracy and customer service orientation.

- Good interpersonal communication skills as needed to work successfully with staff and managers within and outside of function.

- Demonstrated track record of identifying and leading the development of cross-functional process and systems solutions / teams in a I2P environment, with adherence to company policies and procedures.

- Experience with Oracle Cloud. - The tasks this individual is responsible for are often routine and structured, requiring creative solutions.

- This individual will apply attained experiences and knowledge in solving routine to moderately complex problems.

Responsibility:

· Invoice Processing: Review, verify, and process vendor invoices in accordance with company policies and GST regulations.

· GST Compliance: Ensure all invoices are GST compliant, including proper tax codes, rates, and documentation.

· TDS Compliance: Ensure all payments are TDS compliant, including proper tax deductions, rates, and documentation.

· GST reconciliation: Perform regular reconciliations of vendor accounts and GST ledgers to ensure accuracy and resolve discrepancies.

· Payment Processing: Prepare and process electronic transfers and payments, ensuring timely and accurate disbursement of funds.

· Record Keeping: Maintain accurate and organized records of all AP transactions, including GST filings and supporting documents.

· Vendor Communication: Communicate with vendors to resolve invoice discrepancies, payment issues, and respond to inquiries in a timely manner.

· Reporting: Generate and analyze AP and GST reports to support financial statement preparation and internal audits.

· Process Improvement: Identify and implement process improvements to enhance efficiency and accuracy in AP, TDS and GST processing.

· Audit Support: Prepare and provide necessary documentation for internal and external audits. Assist auditors by providing information and explanations of AP processes and transactions.

· Month-End Closing: Assist with month-end closing activities, including accruals and reconciliations and prepare and analyze AP aging reports.

Interaction:

- This individual must work effectively with employees within the function & outside. There will be communication with employees from other functions and vendors as required.

- To be successful, this individual must demonstrate favorable results through coaching and influencing others.

Education

Typically requires a minimum of 5 years of related experience with a Bachelor’s degree; or equivalent work experience.