Accounts Payable Specialist

23 hours ago


Pune, Maharashtra, India Cummins Inc. Full time

Accounts Payable Role:

We are seeking a highly skilled and detail-oriented Accounts Payable Associate to join our team at Cummins Inc.

Key Responsibilities:

  • Invoice Processing:
  • Administer and set up invoices for payment, including preparing and processing accounts payable checks, wire transfers, and payments.
  • Vendor Management:
  • Address basic vendor inquiries, reconcile vendor statements, and resolve invoice discrepancies.
  • Account Analysis:
  • Prepare account analyses and participate in month-end closing activities.
  • Process Improvement:
  • Contribute to projects aimed at enhancing Accounts Payable processes and perform other related duties as assigned.
  • Global Procure to Pay Expertise:
  • Experience in global Procure to Pay processes, Grant of Authority, and invoice dispute resolution.
  • Process Standardization:
  • Identify, analyze process gaps, and drive standardization and simplification of AP processes.
  • Stakeholder Collaboration:
  • Liaise with the VM/Payment team to release holds/payments of invoices.

Competency Requirements:

  • Action Oriented:
  • Demonstrates urgency, high energy, and enthusiasm when tackling new challenges.
  • Collaborates:
  • Works effectively with others to meet shared goals and build strong partnerships.
  • Communicates Effectively:
  • Delivers clear, multi-mode communications tailored to diverse audiences.
  • Customer Focus:
  • Builds strong customer relationships and provides customer-centric solutions.
  • Drives Results:
  • Achieves results consistently, even under challenging circumstances.
  • Nimble Learning:
  • Learns actively through experimentation and adapts based on experiences.
  • Values Differences:
  • Appreciates and leverages diverse perspectives and cultures.
  • Business Partnering:
  • Develops partnerships to drive performance aligned with organizational goals, influencing decisions and mitigating risks.
  • Financial Internal Controls:
  • Assesses and develops plans to strengthen internal controls, responding to financial reporting risks and changing business needs.
  • Education and Experience:
  • Minimum Bachelors degree in Commerce (candidates with an MBA will be given preference).
  • 4-6 years of relevant work experience in Accounts Payable or a similar role, with specialized skills obtained through education, training, or on-the-job experience.

Qualifications:

  • Shared Services Experience:
  • Preferred experience in a captive shared services environment, ensuring adherence to KPIs and SLAs.
  • Procure to Pay Process:
  • Experience with global Procure to Pay processes, Grant of Authority, and invoice dispute resolution.
  • Process Improvement:
  • Ability to identify and analyze process gaps, drive standardization, and simplify Accounts Payable processes within a Global Capability Center (GCC).
  • Taxation and Multi-Currency:
  • Basic understanding of indirect taxation related to Accounts Payable and handling multi-currency invoices.
  • Helpdesk Experience:
  • Hands-on experience with helpdesk operations.
  • Comprehensive P2P Knowledge:
  • Thorough understanding of the Procure to Pay lifecycle.


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