Accounts Payable Associate

1 week ago

Pune Maharashtra, India NielsenIQ Full time

**Company Description**
NIQ is the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. In 2023, NIQ combined with GfK, bringing together the two industry leaders with unparalleled global reach. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View.

Position Summary:
Key Responsibilities:

- Payment Execution: Lead the execution of payment transactions, including check runs, ACH transfers, and wire transfers, ensuring all payments are processed accurately and on time. Manage electronic and manual payment systems and resolve any payment issues.
- Process Improvement: Identify and implement process improvements to increase the efficiency and accuracy of the payment processing system. Collaborate with IT and finance teams to enhance payment platforms and tools. Identify opportunities for process improvement, efficiency gains, and implement best practices and automation solutions.
- Compliance and Controls: Ensure strict adherence to internal controls and compliance with all financial policies and procedures related to payment processing. Conduct regular audits to ensure compliance and accuracy. Ensure compliance with company policies and local and international regulations.
- Vendor Management: Maintain strong relationships with vendors and internal stakeholders. Handle escalated vendor inquiries and disputes regarding payment issues. Collaborate with procurement and vendor management teams to streamline payment processes and resolve discrepancies.
- Reporting and Analysis: Generate and analyze payment reports to monitor trends, performance, and areas for improvement. Provide insights and recommendations to senior management. Generate regular reports and metrics to track payment activities.
- Team Leadership: Provide guidance and mentorship to junior team members. Oversee training and development to ensure a high-performing team. Manage to SLAs and meet KPIs.
- Month End Procedures: Ensure successful month-end closes in the SAP environment for P2P, perform month-end closing activities including expense accruals, journal entries, and reconciliation of payables-related general ledger accounts. Assist in preparing monthly, quarterly, and annual schedules and reporting packages.
- Proven technical knowledge of SAP with a track record of test scrip development, performing and managing a UAT process, migration and implementation.

**Qualifications**
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
- Minimum of 3 years of experience in payment processing or accounts payable
- Technical Proficiency: Advanced proficiency in payment processing software, ERP systems, and Microsoft Office Suite, particularly Excel.
- Analytical Skills: Strong analytical abilities to interpret financial data and manage financial records.
- Leadership Skills: Proven leadership and team management skills with the ability to train, mentor, and motivate team members.
- Communication Skills: Excellent communication and interpersonal skills, capable of managing relationships with internal and external stakeholders.
- Problem-Solving Abilities: Strong problem-solving skills, with the ability to handle complex issues related to payment processing.

**Additional Information** Our Benefits**

At NIQ, we're dedicated to providing more than just a job—we offer you the opportunity to own your story. As part of our team, you'll enjoy a range of benefits designed to support your well-being and career development. From comprehensive healthcare packages to opportunities for ongoing learning and advancement, we're committed to helping you thrive. Join us and experience Life at NIQ
- Comprehensive Health Care and Life Insurance
- Free Employee Assistance Programs (EAP) - NIQ offers support to all associates and their families for their emotional well-being trough professional, timely and confidential counselling services on issues related to everyday concerns & problems, overcome emotional challenges, and maintain a healthy and balanced lifestyle.
- Best-in class Diversity & Inclusion program with opportunity to join one of our Employee Resource Groups
- Free LinkedIn Learning access that helps you discover and develop business, technology-related, and creative skills through over 20,000courses available in 7 languages
- Access to formal mentoring program
- Pension plan
- Parental Leave
- Vacation and Volunteer time off
- Flexible working environment hybrid policy

**Why NIQ India Private Limited is a Great Place To Work®**
India continues to stand out as one of the largest and fastest-growing developing economies globally, offering NIQ a significant opportunity. It is imperative that we prioritize India as a key investment market, not only for our business growth but also for the personal and

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