AP Specialist

1 week ago


Mumbai, India LyondellBasell Full time

Basic Function

Reporting to the Accounts Payable Regional Process Lead, Asia & AfMEI, this position provides technical accounting and analysis support to Procure to Pay (PTP) workstreams with focus on Accounts Payable and Travel & Expenses. These sub-processes related to automation strategies to ensure team objectives are met within LYB Accounts Payable standards and in-country local regulations and governances. This position may be assigned to the following sub-teams: 
Invoicing - Logistics , Non-Logistics, Specials Desk, Payments - Check Processing/EFT Helpdesk - Inquiries


This position also supports Treasury with a dotted reporting line to the Treasury team.

Roles & Responsibilities

Accounts Payable

Support the Senior Process Analysts with various project initiatives. Assist the Regional Manager to sustain compliance controls across the organization in alignment with our Accounts Payables standard operating procedures. Depending on the sub-team this position is assigned, the daily work focus is different. Support integration, adoption and optimization of standardized AP Automation application, tools, and workflow processes. Process PTP related transactions in SAP; or any other ERP system as instructed in an accurate and timely manner. Conduct regular reconciliations for AP related balance sheet accounts. Participate in month end closing activities as directed. Perform system testing on AP activities for all system enhancements. Have a detailed understanding of PTP process. Ensure timely follow up with concern departments for non-compliance of GST from vendor end Ensure proper mapping of GST rate with HSN code in coordination with taxation team where ever applicable Ensure proper checking and update of correct GST number of vendor in system  Ensure proper TDS rate applicable and deduction against services provided by vendor  Assist AP Regional Process Manager Asia & AFMEI with ad hoc tasks as assigned.

Treasury

Ensure bank details in SAP matches with SAP and in case of mismatch, discuss with concern department / supervisor Liaise with bank for Manual payments (overseas & local) & other related documentation/communication (BOE acceptance/ ORM, Open BOE / Compliance check queries for customers & vendor payments) Processing of Statutory payments such as Custom duty and GST through Virtual Bank via online banking system

Min. Qualifications

Education:
Professional education in Accounting, Finance or related discipline

Work Experience: 

2 to 3 years of Accounts Payables experience Working experience in a multinational company environment, with ability to work in diverse cultures.

Critical Competencies/Behaviors:

Acts with integrity, fairness, and high standards of accountability Deadline-conscious with “can do” spirit to ensure correct & timely execution on AP related transactions. A good team player with strong verbal and written communication skills Have a positive work altitude including willing to work longer hours during peak periods. Self-motivated to learn new concepts and take part in new projects. Agile, results oriented, customer focused. Able to work under pressure. 

Skills:

Be familiar with SAP system and skillful in Microsoft Office, especially Excel, Powerpoint. Languages: Good spoken, written English. Speak and understand another language will be an advantage.

Preferred Qualifications

Competencies

Build PartnershipsDeliver ResultsDrive InnovationGrow CapabilitiesPromote InclusionMotivational/Cultural FitTechnical Skills
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