Senior Accounts Payable Specialist
1 week ago
In the role of Senior Accounts Payable Specialist at Overture Rede, you will be responsible for ensuring timely processing of INR invoices. This involves reviewing invoices for accuracy and adherence to terms and conditions of contracts or orders. Additionally, you will ensure on-time payments to FX supply vendors as per PO terms on arrival of goods at Port or Airport. This includes processing duty IV on request of EXIM depart for customs duty payment on arrival of consignment to avoid any Penalty or demurrage. You will also be responsible for making Insurance Premium payments, following up with CIC team for invoices against advances paid, and processing of Insurance Invoices after taking usage/ITC/accounting details from IDT and Site FC&A. As Senior Accounts Payable Specialist, you will review the Purchase Order/Contracts and ensure proper control with reference to payment processing. Furthermore, you will be responsible for ensuring compliance with indirect and direct taxes. You will also perform ageing analysis of Liabilities and Advances, periodic clearing of Liabilities and Advances, and provide recommendations for write-off/write back of old liabilities for Management/Stakeholders decision. Your role will involve providing logical/advisory/functional support to resolve any SAP issues and advising on enhancements/automations of process arising out of issues. You will also provide effective support to Business/Project/Treasury/Accounts group. As part of your responsibilities, you will attend/support to LoD 3 audits/JV Audits/Partner Audit/Govt Audit/RIL Statutory Auditor Queries periodically. You will review and submit Cash Call Reports timely, co-ordinate with Banking and DT/IDT/Import, and review and finalise Estimates and accruals – Monthly Provisions. You will also ensure posting of GST – Remittable Posting/Clearing – Monthly, Vendor Analysis & GR/IR Analysis – Monthly, and co-ordinate with users, pre-validation team, Direct & Indirect Taxation teams, Banking as per need and requirement.
Key Responsibilities
• Review the Purchase Order/Contracts and ensure proper control with reference to payment processing.
• Ensure compliance with indirect and direct taxes.
• Perform ageing analysis of Liabilities and Advances, periodic clearing of Liabilities and Advances, and provide recommendations for write-off/write back of old liabilities for Management/Stakeholders decision.
• Provide logical/advisory/functional support to resolve any SAP issues and advising on enhancements/automations of process arising out of issues.
• Provide effective support to Business/Project/Treasury/Accounts group.
• Attend/support to LoD 3 audits/JV Audits/Partner Audit/Govt Audit/RIL Statutory Auditor Queries periodically.
• Review and submit Cash Call Reports timely.
• Co-ordinate with Banking and DT/IDT/Import.
• Review and finalise Estimates and accruals – Monthly Provisions.
• Ensure posting of GST – Remittable Posting/Clearing – Monthly.
• Vendor Analysis & GR/IR Analysis – Monthly.
• Co-ordinate with users, pre-validation team, Direct & Indirect Taxation teams, Banking as per need and requirement.
Requirements
• Attending/support to LoD 3 audits/JV Audits/Partner Audit/Govt Audit/RIL Statutory Auditor Queries periodically.
• Review & Understanding of Contracts for payment & control purposes.
• Ensure correctness of IVs Processed by the team members.
• Ensure Processing of YEXP and YINV invoices correctly and timely.
• Review and submission of Cash Call Reports timely.
• Co-ordination with Banking and DT/IDT/Import.
• Review and finalisation of Estimates and accruals – Monthly Provisions.
• Ensure posting of GST - Remittable Posting/Clearing – Monthly.
• Vendor Analysis & GR/IR Analysis – Monthly
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