Accounts Payable Analyst

Job Description ***Please Note: This role is open to India based candidates only** Simfoni is a privately held high growth company focused on becoming a key player in supply-chain software. Our AI-powered intelligence solution and on-demand technology platform empowers procurement and finance teams around the world to achieve rapid cost savings and support supply-chain sustainability with automated procurement. Role Definition: We are seeking a detail-oriented and highly organized Accounts Payable Analyst to join our finance team. The primary responsibility of the Accounts Payable Analyst is to ensure accurate and timely processing of all vendor invoices and payments. The successful candidate will be responsible for maintaining vendor accounts, reconciling statements, resolving payment discrepancies, and assisting with month-end closing activities. The Accounts Payable Analyst will collaborate with cross-functional teams to ensure smooth operations and provide support to the finance department as needed. Key Responsibilities: - Invoice Processing: Process vendor invoices accurately and in a timely manner, ensuring adherence to company policies and procedures. Verify invoice details, match them with purchase orders and receipts, and obtain necessary approvals for payment. - Payment Processing: Prepare and process vendor payments, including checks, ACH payments, and wire transfers. Maintain accurate records of payments and ensure they are properly allocated to the appropriate vendor accounts. - Vendor Management: Maintain vendor accounts, including updating vendor information, resolving discrepancies, and addressing vendor inquiries or issues. Ensure vendor documentation is complete and up to date. - Collaborate with vendors to address any payment discrepancies or issues in a timely manner - Month-End Closing: Assist with month-end closing activities, including preparing accruals, reconciling accounts payable balances, and generating reports for management review. - Compliance: Ensure compliance with company policies, accounting principles, and legal requirements. Stay updated with changes in regulations and industry best practices related to accounts payable processes. - Process Improvement: Identify opportunities for process improvements and implement effective solutions to streamline the accounts payable process. Proactively suggest and implement automation tools or software to enhance efficiency and accuracy. - Reconciliation: Perform regular reconciliation of vendor statements to ensure accuracy and resolve any discrepancies or outstanding balances. - Employee expense reimbursement- Reviewing and verifying employee expense reports for accuracy and compliance with company policies, ensuring that all receipts and documentation are submitted for reimbursement. Communicating with employees to clarify any discrepancies or missing information, and processing expense reimbursements in a timely manner. - Reporting: Assist in month-end and year-end closing activities, ensuring all accounts payable transactions are recorded accurately Role Requirements: - 0-2 years of work with progressive accounting experience. - Excellent Excel skills, fluent with Pivot Tables, VLOOKUP and HLOOKUP functions. - Excellent English language skills (verbal and written). - Experience with NetSuite will be an added advantage. Above all, we value aptitude and the willingness to learn. If you have the required skills and experience, we encourage you to apply for this exciting opportunity to work with a dynamic and innovative team. Apply through LinkedIn We'll keep an eye out for your applications