Junior Executive - F&A

This role is responsible for managing and ensuring the timely processing of various payments, including those related to MSMEs, critical payments such as credit card fees, utilities, director sitting fees, Sodexo food coupons, and retainers. The incumbent will review open pending payments in the Employee Ledger and coordinate with relevant teams to resolve them promptly. Additionally, the role involves processing vendor invoices, employee payables on a weekly basis, and advance payments to vendors and employees. Payments, including salaries, will be processed through batch or single payments in SAP, following established procedures and control frameworks.

Key Responsibilities

- Monitor due payments for MSME vendors and collaborate with the Finance team to ensure timely disbursement.
- Track critical payments such as credit cards, utilities, director sitting fees, Sodexo coupons, and retainers, ensuring adherence to deadlines.
- Review open items in the Employee Ledger to prevent payments from remaining pending beyond 15 days and initiate corrective actions as necessary.
- Respond promptly to urgent payment requirements from various offices, maintaining close monitoring and execution.
- Oversee payments related to vendor invoices, employee reimbursements, advances, salaries, TDS, GST, EMDs, and customer refunds, ensuring compliance with internal controls.
- Validate manually prepared payment advice before submission to Business Finance for approval and ensure timely bank execution.
- Handle escalations from vendors, user departments, and senior management.
- Identify opportunities for process improvements, including automation and new tools, to enhance accuracy, turnaround time (TAT), and other service level agreements (SLAs).
- Support statutory and internal audits by providing required documentation and ensuring compliance with all payment processes.
- Coordinate effectively with team members to maintain smooth operations and manage attrition.

Required Qualifications

- Bachelor’s degree in Commerce (B.Com) or MBA.
- Post-graduate qualifications in Accounting are desirable.
- 0 to 1 year of relevant experience in payment processing or finance operations.

Competencies

- Strong execution and results orientation.
- Effective teamwork and interpersonal influence.
- Analytical thinking and problem-solving skills.
- Planning and decision-making capabilities.
- Personal effectiveness and stakeholder focus.
- Networking and capability building.
- Strategic orientation and social awareness.
- Entrepreneurial mindset.
- Proficiency in transactional financial reporting.
- Knowledge of Procure-to-Pay (P2P) processes.
- Understanding of compliance, risk management, and financial governance.

External Interactions

- Vendors
- Banks
- Auditors

Internal Interactions

- GMR Group employees
- Travel, IP, and payroll teams
- IT team
- Senior management offices

Financial and Other Dimensions

- Payment volume ranges between 1,200 to 1,500 transactions per month.
- Team size consists of 2 to 3 members.

This position requires a detail-oriented individual capable of managing multiple payment processes while ensuring compliance and timely execution. The role offers an opportunity to contribute to process improvements and work closely with various internal and external stakeholders in a dynamic environment.