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 (India)
🏢 SHYAM METALICS AND ENERGY
📍 India