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.




- Transparent 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