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The Payment Accountant is responsible for the end-to-end execution of payment cycles for multiple business units or regions. This role ensures all vendor payments, employee reimbursements, and intercompany settlements are processed accurately, securely, and within agreed-upon timelines while maintaining strict compliance with internal controls and local tax regulations.
Job Responsibility:
Payment Execution: Manage the daily/weekly payment runs (ACH, Wire, EFT, and Checks) across various currencies and banking platforms
Cash Flow Management: Monitor bank balances to ensure sufficient funding for payment runs and coordinate with the Treasury department for liquidity needs
Discrepancy Resolution: Partner with the Accounts Payable (AP) and Procurement teams to resolve payment failures, rejected bank entries, or vendor banking detail discrepancies
SLA & KPI Adherence: Ensure all payments are processed within the Shared Service Center’s Service Level Agreements (SLAs) and meet Key Performance Indicators (KPIs) for accuracy and speed
Reconciliation: Perform monthly bank-to-ledger reconciliations and clear "stale" payments or outstanding items in the transit accounts
Compliance & Audit: Ensure all payments follow the "Delegation of Authority" (DoA). Support internal and external audits by providing payment audit trails and documentation
Process Improvement: Identify opportunities to automate manual payment steps or migrate vendors to more cost-effective electronic payment methods
Requirements:
Bachelor’s Degree in Accounting, Finance, or a professional qualification (e.g., ACCA, CPA, CIMA)
2–4 years of experience in Accounts Payable or Payment functions, ideally within a Shared Service or MNC environment
Proficiency in Tier-1 ERP systems (SAP, Oracle, or Microsoft Dynamics 365)