Accounts Payable Specialist

Overview

We are seeking an Accounts Payable Specialist to join our team in Bangalore. This role requires 2 to 8 years of experience and a graduate or postgraduate degree in Commerce or Finance. Deloitte LLP, a leading multinational professional services network, offers a variety of services across audit, consulting, financial advisory, risk advisory, tax, and legal sectors.

Key Responsibilities

• Accurately process vendor invoices, verify supporting documentation, and quickly resolve any discrepancies.
• Ensure correct posting of vendor liabilities and timely invoice posting according to procedure.
• Perform reconciliation of vendor and bank accounts, including clearing outstanding and unmatched items.
• Manage the complete invoice lifecycle and payment processing.
• Oversee employee travel and expense claims by conducting audits on high-risk submissions and handling exceptions and escalations.
• Monitor and achieve key performance indicators (SLA/KPI) consistently.
• Ensure vendors receive payments on time while maintaining compliance with company policies.
• Manage aging of unpaid invoices and claims, ensuring they are resolved within deadlines.
• Compile reports such as accounts payable aging summaries and outstanding travel and expense reports.
• Drive initiatives aimed at standardizing processes and fostering continuous improvement in accounts payable operations.
• Apply industry best practices to improve operational efficiency.
• Supervise team performance, assist in recruitment, and contribute to skill development activities.
• Maintain strict adherence to company policies, internal controls, and regulatory requirements.
• Participate in finance and process improvement projects as needed.

Required Qualifications and Skills

• Between 2 and 8 years of relevant experience in accounts payable and employee claims, preferably in a shared services environment.
• Proficient in English communication, both verbal and written.
• Exceptional attention to detail, accuracy, and a strong sense of accountability.
• Excellent interpersonal skills with effective vendor relationship management.
• Proactive and dependable individual who thrives in a team setting.
• Capable of working independently with a problem-solving and optimistic approach.

Eligibility

Applicants should be graduates or hold a bachelor's degree in Commerce or any related specialization.