Accountant P2P (Intercompany) Full Time

SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.

SKF’s solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.

About the organization: www.skf.com /in

SKF Purpose Statement

Together, we re-imagine rotation for a better tomorrow.

By creating intelligent and clean solutions for people and the planet

Role Title: Accountant P2P (Intercompany)

Reports to: Senior Accountant P2P

Role Tye: Individual Role

Job Location: Chinchwad, Pune

• Purpose of the role

As Accountant P2P, you will be a key member of the P2P team, responsible for overseeing and executing the end-to-end accounts payable process. Leveraging your expertise in accounts payable, you will contribute to the efficient and accurate processing of invoices, vendor management, and adherence to financial policies.

• Your day-to-day work/ Key Responsibilities

Invoice Processing:

• Lead the processing of invoices, ensuring accuracy, completeness, and compliance with company policies.
• Review and approve invoices for payment, resolving discrepancies and exceptions.

Vendor Management:

• Act as a primary point of contact for vendors, addressing inquiries, and maintaining positive relationships.
• Conduct regular vendor statement reconciliations and collaborate on dispute resolution.

Payment Processing:

• Manage the timely and accurate processing of payments, optimizing cash flow and taking advantage of early payment discounts.
• Oversee the reconciliation of payments to ensure accuracy.

Policy Compliance:

• Ensure strict adherence to company policies, accounting principles, and regulatory requirements.
• Stay informed about changes in accounting standards and payment regulations.

Process Improvement:

• Identify opportunities for process improvement within the accounts payable function.
• Implement best practices to enhance efficiency, accuracy, and overall effectiveness.

Training and Guidance:

• Provide guidance and mentorship to junior accounts payable staff.
• Conduct training sessions to enhance the skills and knowledge of the team.

Reporting and Analysis:

• Generate and analyze accounts payable reports, providing insights into trends and areas for improvement.
• Collaborate with finance and management teams on financial analysis.

Cross-Functional Collaboration:

• Collaborate with other departments, including procurement and finance, to optimize end-to-end processes.

Basic knowledge of netting and IDPMS & EDPMS

• IDPMS (Import Data Processing and Monitoring System)
• EDPMS (Export Data Processing and Monitoring System)
• We offer
• A stimulating and challenging job in an international and developing environment
• Opportunity to be part of an experienced and open-minded team
• Get an in-depth knowledge of best in class Finance processes
• We expect you to have:
• 6 to 12 years of professional work experience in account payable (P2P function) bachelor’s degree in accounting, Finance, or related field.
• In-depth knowledge of accounting principles and financial regulations.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities with international stakeholders
• Proficiency in accounts payable software (SAP S4 Hana/ MAPICS/ SARA / Basware/ Payment Factory/ SAP BI reports/ Power BI) and Microsoft Excel
• Experience of working in a Manufacturing Set-up/ Exposure working in a Shared services Centre will be an added advantage

Interested candidate/s can share their resume to hema.chaudhary@skf.com

About SKF

SKF has been around for more than a century and today we are one of the world’s largest global suppliers of bearings and supporting solutions for rotating equipment. With more than 40,000 employees in around 130 countries, we are truly global. Our products are found everywhere in society. In fact, wherever there is movement, SKF’s solutions might be at work. This means that we are an important part of the everyday lives of people and companies around the world. See more, at www.skf.com.