Accounts Payable Specialist

3 months ago

Hyderabad, India ProArch Full time

ProArch is a global technology services provider and an emerging leader in Cloud Solutions, Data and AI, Cyber Security and Software Quality Assurance. We are looking for an Accounts Payable Specialist to join our team.

Responsibilities:

  • Define and implement accounts payable processes for accuracy of invoices, payments, and expense reports
  • Ensure timely and accurate completion of month-end and year-end financial close
  • Develop and maintain effective financial planning processes, including budgeting, forecasting, and financial analysis
  • Foster collaboration and communication within the global finance team to ensure successful implementation of standardized processes.
  • Implement and maintain internal controls to ensure compliance with financial regulations and company policies
  • Create a unified process for managing AP across all regions to improve efficiency and consistency.
  • Simplify and standardize vendor contracts to reduce complexity and enhance compliance
  • Automate AP processes to increase efficiency, reduce errors, and free up staff for more strategic tasks.
  • Reduce AP costs through improved processes and automation
  • Optimize payment terms to improve DPO without damaging vendor relationships.
  • Mitigate risks such as non-compliance, fraud, and vendor instability.
  • Ensure readiness to quickly integrate AP processes into newly acquired organizations in case of M&A
  • Support the CFO and executive team in strategic decision-making by providing financial analysis and insights
  • Timely preparation and Analysis of Global reports.

Requirements

  • Chartered Accountant (CA) degree/MBA Finance/Equivalent degree in Finance, Accounting or related field
  • Minimum 8 years of experience in accounting and financial planning
  • Strong knowledge of accounts payable processes and best practices
  • Exposure to Netsuite would be a definite plus. Experience in implementing automation would be an added advantage.
  • Experience in financial analysis and forecasting
  • Excellent understanding of financial regulations and compliance
  • Proficiency in financial software and MS Excel
  • Ability to manage and lead a team
  • Strong analytical, problem-solving, and communication skills
  • Attention to detail and accuracy
  • Ability to work in a fast-paced and dynamic environment
  • CPA or CMA , Six Sigma certification is a plus

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