Finance - Accounts Receivable / Accounts Payable

1 month ago

Bengaluru, India Magna International Inc. Full time

**Job Number**: 55600
**Group**: Magna Corporate
**Division**: Magna Corporate R&D India

**Job Type**: Permanent/Regular
**Location**: BANGALORE

**Group Description**

At Magna, we create technology that disrupts the industry and solves big problems for consumers, our customers, and the world around us. We’re the only mobility technology company and supplier with complete expertise across the entire vehicle.

We are committed to quality and continuous improvement because our products impact millions of people every day. But we’re more than what we make. We are a group of entrepreneurial-minded people whose collective expertise gives us a competitive advantage. World Class Manufacturing is a journey and it’s our talented people who lead us on this journey.

**Role Summary**:
The Accounts Payable / Receivable completes payments process and controls expenses by receiving, processing, verifying and reconciling invoices and also making payments in time within prescribed SLAs. He/she partners with various business teams in maximizing profits, improving decision-making, and ultimately driving financial transparency across Accounts payable / receivables.

**Key Responsibilities**:

- Calculate, post business transactions, process invoices, verify financial data for use in maintaining accounts payable records, and provide other clerical support necessary to pay the obligations of the organization
- Clarify any questionable invoice items, prices or receiving signatures
- Obtain proper information and/or data regarding invoice payments
- Assemble invoices to be completed for payment
- Verify and calculate all extensions and totals on invoices (calculating and taking discounts when applicable),
- Review invoices and requisitions for satisfactory payment approval
- Check vendor files for any previous payments and assign voucher numbers
- Maintain copies of vouchers, invoices or correspondence necessary for files
- Prepare vouchers listing invoice number, date, vendor address, item description, amounts and coding per accounting policies and procedures
- Type periodic reports and other records
- Reconcile quarterly supplier statements
- Maintains regular attendance.
- Follows safe work procedures; Uses appropriate personal protective equipment (PPE); Uses workplace tools and equipment as instructed; Reports workplace hazards, injuries and illness as soon as possible following event.
- Complies with the requirements of Quality Operating System (QOS)
- Vendor bills processing
- Scrutiny of employee’s expense reimbursement and processing for accounting
- Scrutiny of Capital expenditure comparative and validate with quotes before issue PO to vendors.
- Gathering of Vendor registration information
- Vendor registration
- Coordination with treasury team for penny test
- Validation of all legal registration of vendors
- Intercompany reconciliations
- MSME compliances
- AP aging review
- Invoice processing for domestic and export services
- Tracking of overdue and knocking of payment against each invoice
- Follow up with customer for overdue invoices
- Tracking of rate changes and calculation of retro impact

**Key Qualifications/Requirements**:
Education/Experience
- Bachelor Degree in Accounting, Business or Finance
- 6 - 8 years in an Accounts Payable / Receivable role;
- Experience in automotive a plus.

Personal Requirements
- Able to be a team player.
- Ability to demonstrate strong organizational skills and pay attention to details.
- Able to demonstrate strong work ethic.
- Able to work independently and follow through on issues with mínimal directions.

Computer Skills
- Microsoft Programs
- intermediate level
- Efficient in SAP

Language/Communication
- Comprehensive knowledge of English (verbal and written)
- For positions located in non-English speaking locations, knowledge of the local working language is an asset.
- Advanced knowledge (verbal &written) of local language required.

**Awareness. Unity. Empowerment.**:

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