Sr. Finance Specialist – Accounts Payable

3 weeks ago

Noida, India Zones Full time

Description

Position at Zones LLC.

Company Overview:

When it comes to IT solution providers, there are a lot of choices. But when it comes to providers with innovative and differentiating end-to-end service offerings, there’s really only one: Zones – First Choice for IT.TM

Zones is a Global Solution Provider of end-to-end IT solutions with an unmatched supply chain. Positioned to be the IT partner you need, Zones, a Minority Business Enterprise (MBE) in business for over 35 years, specializes in Digital Workplace, Cloud & Data Center, Networking, Security, and Managed/Professional/Staffing services. Operating in more than 120 countries, leveraging a robust portfolio, and utilizing the highest certification levels from key partners, including Microsoft, Apple, Cisco, Lenovo, Adobe, and more, Zones has mastered the science of building digital infrastructures that change the way business does business ensuring whatever they need, they can Consider IT Done. Follow Zones, LLC on Twitter @Zones, and LinkedIn and Facebook.

Position Overview

The position oversees and manages the accounts payable function within the finance department. They are responsible for ensuring accurate and timely processing of invoices, payments and expenses. This role requires meticulous attention to detail, strong communication skills, and the ability to collaborate effectively with various stakeholders. Additionally, ensuring adherence to policies and procedures while fostering a productive and collaborative work environment.

What you’ll do as the Sr. Finance Specialist – Accounts Payable:

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Review and approve invoices in ERP and for payment, ensuring accuracy, proper coding, and adherence to company policies and procedures. Oversee the processing of payments to vendors, suppliers, and service providers, ensuring timely and accurate disbursement of funds. Reconcile accounts payable transactions and resolve any discrepancies with vendors or internal stakeholders. Monitor aging of accounts payable balances and take proactive measures to address overdue payments or outstanding issues especially MSME vendors. Maintain vendor relationships and negotiate payment terms and agreements whenever necessary. Collaborate with other departments, such as purchasing and within finance, to ensure seamless integration of accounts payable processes with overall business operations. Prepare and analyze accounts payable reports, providing insights and recommendations to management. Stay current with accounting regulations and best practices related to accounts payable, implementing changes as needed to ensure compliance. Develop and implement processes to streamline the accounts payable workflow and improve efficiency.

Inter-company Transactions

Manage financial transactions and relationships between different entities within the organization. Ensure accurate recording, reconciliation, and reporting of intercompany transactions to facilitate smooth operations and financial transparency across entities. Coordinate with counterparts in other entities to validate and reconcile intercompany balances, resolving discrepancies and ensuring timely resolution of issues. Record and monitor intercompany loans, advances, and transfers, ensuring proper documentation and compliance with transfer pricing regulations. Prepare and review intercompany agreements, documenting terms and conditions for transactions between affiliated entities. Collaborate with the finance team to ensure intercompany transactions are properly reflected in the general ledger and financial statements. Provide support during internal and external audits, including the preparation of documentation and responding to auditor inquiries related to intercompany transactions. Monitor intercompany aging reports and follow up on outstanding balances to facilitate timely resolution and minimize intercompany receivables and payables. Communicate regularly with stakeholders across different entities to address inquiries, provide financial information, and facilitate intercompany reconciliation. Stay informed about changes in accounting regulations and transfer pricing guidelines, ensuring compliance and making recommendations for adjustments to intercompany processes as necessary.

What you will bring to the team:

Bachelor's degree in accounting, finance, or a related field. Proven experience in accounts payable with specific experience in intercompany accounting preferred. Strong knowledge of accounting principles and practices, particularly as they relate to accounts payable and intercompany transactions and consolidation. Proficiency in accounting software and ERP systems, with experience in intercompany modules or tools. Excellent attention to detail and accuracy in processing financial transactions. Strong analytical and problem-solving skills, with the ability to resolve complex issues efficiently. Effective communication skills, both verbal and written, with the ability to interact professionally with vendors, colleagues, and senior management and with colleagues across different entities and levels of the organization. Knowledge of TDS, TCS, GST and related Statutory Compliance. Proficient with Microsoft Office Suite including Outlook, PowerPoint, Word and Excel. Familiarity with transfer pricing regulations, international accounting standards, and tax implications related to intercompany transactions is a plus. Willing to work for extended hours on critical delivery dates.

Zones offers a comprehensive Benefits package.

While we’re committed to providing top-tier solutions, we are just as committed to supporting our own teams. We offer a competitive compensation package where our employees are rewarded based on their performance and recognized for the value they bring to our business. Our employees enjoy a variety of comprehensive benefits, including Medical Insurance Coverage, Group Term Life and Personal Accident Cover to handle the uncertainties of life and a flexible leave policy to balance their work life.


At Zones, work is more than a job – it's an exciting careers immersed in an inventive, collaborative culture. If you’re interested in working on the cutting edge of IT innovation, sales, engineering, operations, administration, and more, Zones is the place for you

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