Job Description About the role:
n ZEISS India is part of Carl Zeiss AG, Germany, with operations spanning Medical Technology, Industrial Quality & Research, Consumer Markets and Semiconductor Manufacturing Technology. The India organization manages significant cross-border transactions with ZEISS affiliates and vendors across 40+ countries.
n The Analyst – International & Intercompany Payments will be responsible for the complete execution and control of international vendor payments and intercompany settlements, while also driving improvements in efficiency, automation, compliance and payment processes.
n Key Responsibilities
n 1. International Payments
n n Manage end-to-end foreign currency payments for imports, services, royalties, professional fees, logistics, reimbursements and advance payments.
n Validate invoices, POs, goods receipts, contracts, tax documents, bank details and import documentation.
n Execute payment runs across multiple currencies, banks and payment methods.
n Manage payment rejections, returns, recalls, amendments and bank queries.
n Resolve vendor payment issues and ensure timely closure of ageing items.
n n 2. Intercompany Payments
n n Process payments to ZEISS group companies in line with treasury, transfer pricing and intercompany policies.
n Manage intercompany reconciliation, netting and settlement activities.
n Resolve mismatches and ageing balances before month/quarter-end.
n Coordinate with global finance teams and Group Treasury on settlement schedules and cut-offs.
n Ensure appropriate documentation and tax treatment for intercompany transactions.
n n 3. Banking & Treasury
n n Operate bank portals and payment platforms for payment initiation, authorization and tracking.
n Handle documentation required for outward remittances and coordinate with banks until payment closure.
n Provide payment forecasts and cash-flow inputs to Treasury.
n Reconcile bank statements and investigate unidentified/unapplied transactions.
n Monitor bank charges, FX spreads and correspondent bank deductions.
n Support FX exposure reporting.
n n 4. Tax, Regulatory & Compliance
n n Ensure compliance with FEMA, RBI regulations and applicable purpose codes for international payments.




n Manage withholding tax requirements under Section 195 and DTAA.
n Validate TRC, Form 10F, No-PE declarations and coordinate Form 15CA/15CB.
n Ensure correct GST/IGST and reverse-charge treatment for imports and import of services.
n Monitor IDPMS/EDPMS, Bills of Entry and advance remittance regularization.
n Maintain complete audit documentation.
n Ensure maker-checker, segregation of duties and payment authorization controls.
n Strengthen fraud-prevention measures such as bank-detail verification, duplicate vendor checks and sanctions screening.
n n 5. SAP & Systems
n n Work extensively on SAP S/4HANA, including invoice verification, vendor accounting, payment runs and bank reconciliation.
n Experience with MIRO, F110, DMEE/DMEEX, Bank Communication Management and Electronic Bank Statements is preferred.
n Maintain vendor master data and payment-related information.
n Work with systems/IT teams on testing, enhancements and issue resolution.
n Use tools such as VIM/OCR, SAP Ariba, Concur, treasury systems and BI tools.
n Improve and automate payment and ageing reports.
n n 6. Process Improvement & Automation
n n Map and analyze the complete payment process to identify bottlenecks, rework and unnecessary handoffs.
n Benchmark ZEISS processes against global MNC, GBS/shared-services and APQC-type best practices.
n Drive improvements in:
n Straight-through processing
n Payment cycle time
n First-pass accuracy
n Cost per transaction
n Exception/rework rates
n Payment accuracy
n Identify opportunities for RPA, AI-assisted document processing, workflow automation, rules-based validation and ISO 20022 readiness.
n Use structured problem-solving/Lean/Six Sigma approaches.
n Contribute to global process standardization.
n n 7. Stakeholder Management
n n Work closely with vendors, ZEISS affiliates,



Group Treasury in Germany, Finance, Tax, Procurement, Supply Chain, Manufacturing, Logistics, Customs, Legal, IT, banks and tax consultants.
n Act as the key contact for international payment matters.
n Proactively identify payment/documentation issues that could impact critical imports or supply continuity.
n Communicate effectively with global and senior stakeholders and escalate issues with facts and recommendations.
n n 8. Reporting & Month-End
n n Support month-end and quarter-end activities including reconciliations, accruals, GR/IR, intercompany confirmations, ageing and FX-related activities.
n Prepare management reports covering payment performance, ageing, exceptions, compliance and improvement initiatives.
n Provide analytics for payment terms, banking routes, currency management and working-capital optimization.
n n Ideal Candidate Profile
n Must Have:
n n B.Com/M.Com/MBA Finance or CA Inter/CMA Inter.
n 4–5 years of relevant Accounts Payable experience, specifically with hands-on ownership of international/foreign currency payments.
n Strong SAP experience, preferably S/4HANA.
n Practical knowledge of:
n FEMA & RBI regulations
n Section 195 withholding tax
n DTAA
n TRC & Form 10F
n Form 15CA/15CB
n Purpose codes
n Experience with bank portals and end-to-end international payment processing.
n Robust Excel skills including lookups, pivots and reconciliation.
n Excellent English communication and stakeholder-management skills.
n Demonstrated experience of personally implementing a process improvement, preferably supported by measurable before-and-after results.
n n Good to Have:
n n MNC/GCC/Shared Services/GBS experience, particularly with European headquarters.
n Manufacturing/import-intensive business experience.
n Knowledge of IDPMS, EDPMS, Bills of Entry and customs documentation.
n Intercompany netting, in-house banking or payment factory experience.
n SWIFT gpi, ISO 20022, host-to-host banking integration.
n Lean/Six Sigma certification.
n Power BI, Power Platform, SQL, RPA or AI-based automation exposure.
n Strong internal controls and audit experience.
n

📌 Accounts Payable Specialist (Bengaluru)
🏢 Zeiss India
📍 Bengaluru