IN-Senior Associate_Finance (BEST AP/AR)_BEST Operations_IFS_Gurgaon

Job Description & Summary:

The individual will be reviewing and managing key tasks to ensure timely and accurate workflow. This role involves extensive analysis and staying updated with firm-related policies and procedures while managing business exceptions. Meeting operational standards by contributing information to strategic plans, reviewing and resolving problems, and identifying system improvements are also key responsibilities.

Responsibilities

• Build and maintain effective business relationships with the client, stakeholders, leaders to manage operations efficiently.
• Manage transitions and identify new business opportunities.
• Identify and review internal controls in management reporting processes to mitigate risks with standardized and improved procedures.
• Develop and monitor key performance indicators for team functionality and maintain high standards.
• Review client and governance reports and lead operational calls as necessary.
• Periodically review the entire function with experienced associates.
• Ensure timely compliance and achieve results consistently.
• Exercise judgment within defined procedures and policies to determine appropriate actions while managing exceptions.
• Improve customer support by handling Level 2 escalations effectively.
• Resolve sensitive, confidential issues promptly and in line with established policies.
• Implement enhancements to existing processes, recommend improvements, and communicate changes to the business before go-live.
• Provide training and contribute to creating a high-performing team through appropriate guidance.
• Foster a positive and competitive work environment with positive energy.
• Accounts Payable Management:
• Oversee vendor invoice receipt, validation, and posting.
• Manage payment runs in accordance with the payment schedule.
• Ensure timely upload and approval of payment files with banking partners.
• Oversee accounting for vendor advances.
• Manage staff reimbursement claims and petty cash expenses, ensuring compliance with company policies.
• Invoicing and Accounts Receivable Management:
• Govern master data for invoicing, including contract/MSA rates and terms.
• Manage billing schedules and employee/project tracking.
• Supervise manual invoice creation and approval processes.
• Oversee collections and track overdue accounts.
• Conduct foreign TDS reconciliation.
• Accounting and Book Closure:
• Manage period-end activities, including journal postings and reconciliations.
• Conduct bank, intercompany, and vendor/customer reconciliations.
• Calculate forex gains/losses and prepare the trial balance.
  
  

Mandatory skill sets

Accounts Payable /Receivable Management

Team Management

Preferredskill Sets

Employee and Vendor Relations:

Years of experience required: 6-8 Years



Education qualification: Mcom/Mba/Pg