Accounts Payable Associate

3 weeks ago

Navi Mumbai Mumbai City Mumbai, India Interactive Brokers Full time

Job Description

IBSSI is hiring an Accounts Payable Associate, whose primary responsibility will be to manage our licensed third-party Optical Character Recognition (OCR) software that reads and processes global invoices for IBSSI and its affiliates. Invoice processing is time-sensitive, and this position is responsible for the first step in the accounts payable process: ensuring that invoices are properly recorded in our systems and routed for approval when received. Although automated, most systems have exceptions for new data or new formats. The associate will evaluate documents that the OCR system could not process, conclude why the software failed, and subsequently update the software's understanding of the documents using pre-packaged tools so that, in the future, manual intervention is unnecessary or minimized. The function also includes a responsibility to maintain the accuracy of our accounts payable supplier database in Oracle E-Business Suite, the company's licensed accounting software, as this directly interacts with the invoice data being processed by the OCR software.

The successful candidate enjoys working independently and developing solutions in an automated system. The goal is to manage software with robust user tools and eliminate manual work. Only new suppliers will require manual setup.

- Has 24 years of experience in end-to-end Accounts Payable role
- Manage the Accounts Payable OCR software performance and output for accuracy, system optimization and best practices workflow
- Correct exceptions by training the OCR software to recognize invoice fields correctly in the future
- Manage and maintain the company's global supplier database in Oracle E-Business Suite
- Continually challenge the process and suggest more efficient methods that increase accuracy and reliability without sacrificing speed
- Participate in testing for new releases and participate in training courses to learn new features
- Resolve queries received from vendors/internal departments through emails/calls

Company Benefits Perks:

- Competitive salary package
- Performance-based annual bonus (cash and stocks)
- Hybrid working model (3 days office/week)
- Group Medical Life Insurance
- Modern offices with free amenities, fully stocked cafeterias
- Monthly food card, company-paid snacks
- Hardship/shift allowance with company-provided pickup/drop facility*
- Attractive employee referral bonus
- Frequent company-sponsored team-building events and outings

*Depending upon the shifts.

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