Accounts Payable Associate - Level III

GPP Database Link

Job Summary:

Assists the accounts payable team with more complex tasks related to the efficient maintenance and processing of accounts payable transactions. Performs activities under minimal supervision.

Key Responsibilities:

Processes invoice administration and set up for payment. Prepares and processes accounts payable checks, wire transfers and payments. Answers all vendor inquiries and reconciles more complex vendor statements. Prepares analysis of accounts. Resolves more complex invoice discrepancies. Conducts root cause analysis of accounts payable processing errors and suggests process improvements. Supports month end closing. Participates in and/or leads projects related to Accounts Payable improvement. Performs other duties as assigned. Competencies:
Action oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.

Collaborates - Building partnerships and working collaboratively with others to meet shared objectives.

Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.

Customer focus - Building strong customer relationships and delivering customer-centric solutions.

Drives results - Consistently achieving results, even under tough circumstances.

Nimble learning - Actively learning through experimentation when tackling new problems, using both successes and failures as learning fodder.

Values differences - Recognizing the value that different perspectives and cultures bring to an organization.

Business Partnering - Collaborates with stakeholders and develops partnerships to drive performance that aligns to organizational goals and strategies; influences the organization by demonstrating knowledge of the business to provide guidance to support the decision making process and guiding the business towards positive results and organizational alignment; evaluates business environment using measures to mitigate risk and capitalize on opportunities.

Financial Internal Controls - Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.

Education, Licenses, Certifications:
High school diploma or certificate of completion of secondary education or equivalent experience to the extent such experience meets applicable regulations.

Experience:
Requires significant relevant work experience or specialized skills obtained through education, training or on-the-job experience.

College, university, or equivalent degree in Accounting, Finance, or related subject required.

3+ years of relevant experience in Procure to Pay, must have attention to detail and organized. Ability to multi-task, work under pressure, and meet tight deadlines, working globally would be an advantage

Responsible for providing analytical support as a member of accounts payable team.

1. Preferred experience in captive shared services environment ensuring KPI’s and SLA’s are adhered too.
2. Experience in global Procure to Pay process, Grant of Authority, Invoice dispute resolution and identifies training and development needs, and establishes performance standards for the function
3. Identify, analyse process GAPs and drive standardization / simplification of AP process within GCC 
4. Basic understanding on indirect taxation in the world of Accounts Payable and understanding of working with multi currency invoices 
5. Hands on experience with Vendor partner, Stakeholder reviews and preparing monthly performance review.
6. Supervises a group of accounts payable clerks within the established accounting policies of the
7. Monitors records of amounts owed and assures prompt payment of invoices.
8. Recommends changes in methods and procedures to improve the efficiency of the accounts payable unit.
9. Assesses vendor performance, provides feedback to direct reports

Corporation.

9.Manages the review of work methods and procedures; considers the impact of any changes on the overall organization; develops and implements changes in those methods and procedures to improve the efficiency of the accounts payable unit.

10.Acts as a point of escalation for complex, non-routine accounts payable issues and problems.

11. Communicates effectively - Developing and delivering multi-mode communications that convey a

clear understanding of the unique needs of different audiences.

Action Oriented, Customer Focus, Business Partnering, General Ledger Knowledge and Managing complexity

Oracle experience will be added advantage 

Cummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law.