P2P- Payments Processing
5 days ago
Role & responsibilities
- Process vendor payments as per approved schedules (weekly, bi-weekly, or ad hoc).
- Review and validate payment proposals generated from ERP systems (SAP, Oracle, etc.).
- Ensure correct selection of payment methods (EFT, ACH, Wire Transfer, Cheque, etc.).
- Perform payment run activities including verification, approval, and release of payments.
- Coordinate with Treasury and Banking teams for payment execution and fund availability.
- Handle urgent payments, payment rejections, or failed transactions promptly.
- Reconcile vendor accounts and ensure accurate clearing of invoices post-payment.
- Maintain payment records and ensure proper documentation for audit and compliance.
- Support month-end and year-end closing activities related to Accounts Payable.
- Ensure adherence to SOX controls, internal policies, and company payment guidelines.
- Identify and implement process improvement opportunities to enhance payment efficiency and accuracy.
Preferred candidate profile
- strong understanding of the P2P / Accounts Payable process.
- Hands-on experience with payment processing in ERP systems (SAP, Oracle, Coupa, etc.).
- Good knowledge of bank file formats, payment methods, and treasury interfaces.
- Strong analytical and problem-solving skills.
- Attention to detail and accuracy in financial transactions.
- Excellent communication and coordination skills.
- Ability to work in a fast-paced, deadline-driven environment.
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