Job Description Senior Executive, AP Payments (FSSC Intercompany Focus)
Role Summary
The Senior Executive AP Payments (Disbursement) in an FSSC workplace is responsible for executing global vendor and intercompany payments, ensuring accuracy, timeliness, and compliance with internal controls. The role involves managing cross-border transactions, intercompany settlements, netting activities, and collaboration with global stakeholders across regions.
Key Responsibilities
1. Global Payment Execution (Vendor Intercompany)
- Execute payment runs for vendors and intercompany entities across regions (APAC, EMEA, Americas)
- Process payments via multiple modes (Wire, ACH, SEPA, NEFT/RTGS)
- Handle intercompany settlements including netting and balance clearing
- Ensure adherence to global payment calendars and cut-off timelines
2. Intercompany Disbursement Netting
- Manage intercompany payment cycles, including netting and settlement processes
- Coordinate with group entities for IC balance confirmation and payment alignment
- Support intercompany mismatch resolution impacting payments
- Ensure proper accounting and clearing of intercompany open items
3. Banking Treasury Coordination
- Upload and validate payment files in global banking platforms
- Liaise with treasury for liquidity/funding requirements
- Monitor payment status, investigate rejections, and ensure reprocessing
- Manage relationships with banking partners for issue resolution
4. Stakeholder Management (Global FSSC Model)
- Act as key contact for regional finance teams and intercompany partners
- Respond to queries related to payments, remittance, and settlement status
- Collaborate with AP Invoice Processing, IC Accounting, and GL teams
- Ensure effective communication across time zones
5. Reconciliation Reporting
- Perform bank reconciliation and payment clearing activities
- Monitor intercompany balances and ensure timely settlement
- Prepare payment dashboards, KPIs (on-time payment %, failure rate, ag