Siemens

Automation, digitalization, and smart infrastructure provider

Senior Process Associate - Finance & Procurement Services

Accounts Payable/ReceivableConfirmed live in the last 24 hours

Full-timeBengaluru, Karnataka, IndiaNo salary listed

About the Job

Requirements

Four to five years of work experience in accounts receivable cash allocation.
End-to-end knowledge of the accounts receivable process.
A degree in Accounting or Finance; examples listed are B.Com, BBM, and MBA.
Very good knowledge of SAP ERP.
Flexibility with shift timings.
Ability to understand and map the current process, identify areas for improvement, and define the target process.

Responsibilities

Process accounts receivable customer payments in the SAP ERP system daily and prepare and maintain internal and external reports daily.
Reconcile bank interim open items with the internal tracker or cash portal.
Perform month-end and year-end closing activities, including journal entries and clearing open items.
Call end customers to request remittance or booking details and meet agreed customer service levels and payment-processing performance metrics.
Conduct regular audits to ensure accuracy and compliance with internal policies, and follow process procedures when processing accounts receivable payments in SAP ERP.
Manage day-to-day operational delivery and fulfillment of the agreed service-level agreement and operational-level agreement for the service portfolio.
Handle critical queries and provide accurate information to customers.
Liaise with customers on various topics.
Report key performance indicators periodically and meet with the manager or customers to discuss KPI status.
Ensure each team member is cross-trained and adequate backup is created.
Guide team members and customers on process improvements and efficiency.
Travel to other locations in India and beyond as required.

Desired Qualifications

A good understanding of order-to-cash and other service lines.

Hello!

We provide extensive high-quality and cost-efficient Finance & Procurement services from purchasing to the processing of outgoing payments, Cash allocation, Fixed Assets accounting, Accounts reconciliation and Closing & Reporting. We work with a strongly integrated system and a highly automated processing environment and digital workforce.

Our customers receive innovative, easy-to-use services. We deliver maximum value to the business by driving process optimization and digitalization using our ambitious approach, and we support our customers’ current and future business requirements with the help of our high level of process and automation competency.

You’ll make a difference by:

• Responsible for processing all the AR Customer payments in the SAP ERP system on daily basis. Prepare and maintain all Internal and external reports on daily basis.

• Reconcile bank interim open items with internal tracker/cash Portal.

• Perform month-end and year-end closing activities, including journal entries and clearing all the open items.

• Calling end customer and requesting for remittance or booking details. Achieve the agreed customer service levels and performance metrics associated with payment processing.

• Conduct regular audits to ensure accuracy and compliance with internal policies. Ensure all process procedures are adhered to while processing the AR payments into the SAP ERP.

• Responsibility for day-to-day operational management of respective service portfolio delivery and fulfillment of the agreed SLA / OLA.

• Handle critical queries and provide accurate information to customers.

• Liaise with customers on various topics.

• Periodic reporting of KPI and meeting with manager / customers for KPI status.

Your success is grounded in:

• 4years-5 years of work experience in AR process – Cash allocation.

• End to end knowledge in accounts receivable process.

• Any degree in Accounting / Finance (B.com, BBM, MBA)

• Good understanding of O2C and other service lines added advantage

• Very good knowledge of ERP (SAP).

• Must be fast learner and should be able to think analytically.

• Should be flexible with shift timings.

• Ensure each team member is cross training & adequate back up are created.

• Guiding team members and customers on the process improvements and efficiency.

• Understand and map as is process. Identify areas of improvement and define to be process.

Join us and be yourself!

We value your unique identity and perspective and are fully committed to providing equitable opportunities and building a workplace that reflects the diversity of society. Come bring your authentic self and create a better tomorrow with us.

This role is based in Bangalore. You’ll also get to visit other locations in India and beyond, so you’ll need to go where this journey takes you. In return, you’ll get the chance to work with teams impacting entire cities, countries – and the shape of things to come.

We’re Siemens. A collection of over 312,000 minds building the future, one day at a time in over 200 countries. We're dedicated to equality, and we encourage applications that reflect the diversity of the communities we work in. All employment decisions at Siemens are based on qualifications, merit and business need. Bring your curiosity and imagination and help us shape tomorrow.

About the Company

Siemens

Automation, digitalization, and smart infrastructure provider

Siemens is a global engineering and technology company focused on automation, digitalization, smart infrastructure, and mobility. Its products and solutions span industrial automation systems, electrical equipment, energy management, and digital services that help industries run more efficiently. The company’s core technology comes from its history of electrical generation and distribution, including the dynamo-electric principle, and it now sells hardware, software, and services that connect factories, buildings, grids, and transportation networks. Siemens differentiates itself through scale, a broad portfolio across the value chain, and a long track record of large-scale, multi-country projects in infrastructure and industry. Its goal is to enable smarter, more sustainable industrial processes and urban systems by integrating hardware, software, and digital services to improve productivity, energy efficiency, and mobility.

Company size: 10,001+
Company stage: IPO
Headquarters: Munich, Germany
Founded: 1847

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