Senior AR Analyst

3 weeks ago


Pune MH, IN BP Energy Full time

Entity:

Finance


Job Family Group:

Finance Group


Job Description:

Understand the business and drive execution/Operations:

  • Perform the day-to-day processing of cheques, Direct Debit run, EFT/wire transfers, AR transactions to ensure that cash receipts are recorded in the AR ledger on an effective, up-to-date and accurate manner.
  • Review and process refund transactions, deductions and other differences in adherence with the policy.
  • Review of auto posted transactions
  • Issue debit notes and credit notes in adherence with the policy.
  • Timely allocation of incoming payments, unapplied cash, and research on payment discrepancies
  • Own the A/R sub ledger close and support preparation of documents / adjustments for monthly, quarterly and year-end close.
  • Monitor and reconcile monthly, quarterly and yearly reports in charge of account reconcilation related queries
  • Provide support to the whole AR / Collections /Cash and Banking or Treasury/ team to ensure delivery of the team’s agreed targets.
  • Take care of a wide variety of ad-hoc queries and monitoring of customers’ accounts consistent with BP’s credit standards.
  • Responsible for researching and resolving problems within designated guidelines and researching through multiple database resources, and coordinating with collection teams /and or directly with customers as necessary.
  • Maintaining the action to track and resolve outstanding A/R, Collections activities / issues which needs immediate attention in coordination with different stakeholders.
  • Drive follow-up, share and provide resolution within the team and internal or external stakeholders.
  • Review the weekly and monthly bank reconciliation to ensure no unidentified deposit and keeping tracks and reconciles daily/monthly AR balance

Stakeholder management:

  • Maintain and develop working relationship with Crossfunctions internal or external GBS
  • This position’s primary interfaces are:

Internal

  • BP GBS Credit, Collections, A/R & Accounts Payable Team
  • BP Local Country or Regional Finance Team
  • BP Group Treasury
  • Understand related ERP systems and support ERP enhancements and developments

Project Management involvement & support

  • Participate in Continuous Improvement Initiatives and projects,
  • Support Power BI by implementing best practices; initiate and raise „quick wins” where these are relevant. Look for opportunities in current processes by means of automation and transformation.

Operational/Strategic/Audit Compliance :

  • Maintain compliance with BP, legal and regulatory requirements applying to the department’s activity like the Cash and Banking Guide/ Policy, QMS/EMS Policy etc
  • Maintain the established Process Controls (Framework) are followed up, raise any gap identified and follow with the relevant PCO and teams responsible to perform them.
  • Maintain compliance to all statutory and audit requirements by ensuring that all Primary controls are in place.
  • Maintain Process documentations (SOPs or DTPs) up-to-date, meet required quality standards and is accurate.


Travel Requirement

Negligible travel should be expected with this role


Relocation Assistance:

This role is eligible for relocation within country


Remote Type:

This position is a hybrid of office/remote working


Skills:


Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.


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