Key Responsibilities

Payment Processing & Execution
- Verify advance requests
against purchase orders, contracts, and internal approval matrices.
- Execute domestic and international
advance payments accurately across multiple global currencies.
- Track milestone-based payments
, mobilization deposits, and progressive contract releases.
- Monitor outstanding advances
to ensure proper settlement or recovery against final invoices.

Banking & Regulatory Compliance
- Coordinate with partner banks
to submit paperwork for outbound foreign wire transfers.
- Ensure regulatory adherence
to strict central bank guidelines like RBI and FEMA regulations for cross-border capital transfers.
- Manage documentation
such as Bank Guarantees, Letters of Credit, and Form A2 declarations.

Reconciliation & Systems Management
- Maintain real-time ledgers
and reconcile advance accounts inside ERP software like SAP or Oracle.
- Explicit open advance entries




once standard vendor invoices are finalized and matched.
- Analyze aging schedules
for long-outstanding vendor balances and flag unadjusted advances.

Reporting & Audit Support
- Build cash flow forecasts
detailing upcoming advance obligations for treasury planning.
- Generate monthly payment reports
utilizing advanced Excel functions (VLOOKUP, Pivot Tables).

Provide evidence and documentation
during internal financial control (IFC) and statutory audits.

Required Skills and Qualifications
- Education
: Bachelor’s or Master’s degree in Commerce, Finance, or Accounting.
- Experience
: 2–4 years (Executive) or 4–7 years (Senior Executive) in Accounts Payable or Treasury operations.
- Technical Savvy
: High proficiency with ERP tools (SAP FI/CO module is highly preferred) and Microsoft Excel.

📌 Executive / Sr. Executive - Advances Payment (Kolkata)
🏢 SHYAM METALICS AND ENERGY
📍 Kolkata