ITC | Senior Associate

Responsibilities

• Support P2P Lead to provide services at expected levels with a clear customer service and escalates exceptions, ensuring proper accounting of financial transactions.
• Interacts proactively with all functional areas to ensure appropriate accounting, financial reporting and settlement of liabilities are accomplished.
• Coordinate with local entities and outsourced activities to provide seamless service.
• Manage blocked Invoices, assessing risk and proposing actions in collaboration with business partners and in compliance with policies and procedures.
• Manage direct debits and bill of exchange transactions in collaboration with Reporting and related banks.
• Perform Vendor Master Data Maintenance and regular statement reviews, i.e., invoicing in collaboration with Commercial Operations.
• Perform balance sheet reconciliations of allocated accounts and ensure timely resolution and clean-up of overdue items identified.
• Responsible for all accounts payable administrative functions such as invoices matching purchase orders, obtaining approvals and entering the invoices in the accounting system.
• Improve quality of information on vendor invoices.
• Preparation of changes in vendor master data.
• Support continuous improvement of services in quality and effectiveness in close collaboration with line manager and peer colleagues, isolates problem trends and ensures that troubleshooting efforts are completed for recurring problems until permanent solutions are found.
• Process credit card related matters (application, inquiries, dunning process on overdue balances on credit cards), travel requests, advance payment requests and expense reports in line with Company's Expense Manuals and flags any noncompliance in a timely manner.
• Review of open purchase orders.
• Ensures that the daily activities within Individual’s responsibilities are fulfilled properly and timely in accordance with Desktop Procedures and SLA targets.
• Responds to client/vendor queries in timely manner.
• Invoice processing is completed within SLA accurately and timely.
• Invoice Queries are raised in timely manner to vendors/client for resolution.
• Provides data for internal and external audit.
• Ensures Month end activities are completed on time for smooth closing of AP subledger.
• Ensure the errors identified in concurrent audit are rectified in system in timely manner.

Requirements

• India market AP experience preferable.
• SAP ERP experience must for the major part of candidate’s experience.
• Minimum 5 years of financial experience for major company or division of large corporation.
• Previous experience in procure to pay or accounts payable preferred.
• Fluency in English both written and spoken.
• Hands on experience in SAP must.

ITC Limited

ITC Limited is one of India's largest diversified companies. It was incorporated in 1910 as the Imperial Tobacco Company of India. Today its businesses span FMCG (including cigarettes, foods and personal care products), paperboards and packaging, agri-business and information technology.

Finance roles at ITC cover factory and divisional accounting, commercial and cost analysis, taxation and corporate finance. The company is known for its structured management-trainee and finance career tracks.

• Industry: Diversified conglomerate (FMCG, paperboards & packaging, agri-business, IT)
• Headquarters: Kolkata, India
• In India: Factories, offices and agri operations across India