Key Responsibilities:

- Experience with payment operations, process deliverables, and change management initiatives.

- Manage high-volume global payment transactions across multiple entities, currencies, and banking platforms.

- Support process improvement initiatives, standardization activities, and implementation of new payment processes and controls.

- Provide operational guidance and support to team members while ensuring adherence to established procedures.

Primary purpose of this position:

- Execute global vendor and Intercompany payment runs to ensure accurate and timely disbursements across regions.

- Process payments through various banking channels, including Wire, ACH, SEPA, NEFT, RTGS, and other regional payment methods.

- Manage Intercompany settlements, netting activities, balance confirmations, and clearing of open items.

- Coordinate with Treasury to support funding and liquidity requirements for payment execution.

- Upload, validate, and monitor payment files through global banking platforms.

- Investigate payment rejections, failures, and exceptions, ensuring timely resolution and reprocessing.

- Collaborate with Accounts Payable, Intercompany Accounting, General Ledger, Treasury, and regional finance teams to support end-to-end payment processes.

- Act as a key contact for payment, remittance, settlement, and banking-related queries from stakeholders.

- Perform bank reconciliations and payment clearing activities to ensure completeness and accuracy of transactions.

- Monitor Intercompany balances and support timely settlement of outstanding items.

- Prepare and distribute payment reports, KPIs, exception reports, and aging analysis.

- Ensure compliance with SOX requirements, internal controls, payment policies, and maker-checker procedures.

- Maintain accurate and up-to-date payment documentation, approvals, and audit support records.





- Support month-end and year-end close activities, including payment postings, clearing entries, accrual support, and Intercompany settlements.

- Coordinate with stakeholders to investigate and resolve payment and settlement discrepancies.

- Identify opportunities for automation, process optimization, and standardization across global payment operations.

- Support FSSC transitions, migrations, and continuous improvement initiatives.

- Demonstrate the ability to prioritize work, manage multiple deadlines, and support critical payment activities.

- Maintain robust knowledge of payment operations, banking platforms, treasury processes, and financial systems.

- Communicate effectively with finance and non-finance stakeholders across global regions.

- Ensure compliance with internal and external standards, controls, and regulatory requirements.

Main Accountability or KPIs:

- Key process contact for management and escalation point for complex payment and settlement issues.

- Ownership of payment execution accuracy, timeliness, and compliance with established service levels.

- Drive on-time payment performance while minimizing payment failures and exceptions.

- Monitor and manage Intercompany settlement aging and open items.

- Ensure adherence to internal controls, audit requirements, and financial governance standards.

- Analyze payment trends, root causes, and operational risks, while providing recommendations for improvement.

- Deliver accurate reporting, KPI analysis,



and management information related to payment operations.

- Support global transformation initiatives focused on automation, standardization, and operational efficiency.

- Maintain effective relationships with banking partners, Treasury teams, and business stakeholders.

This reflects management's assignment of essential functions; it does not prescribe or restrict responsibilities that may be assigned.

Qualifications:

- Bachelor's Degree in Accounting, Finance, Business Administration, or related field.

- Proven experience in Accounts Payable Payments, Intercompany Payments, Treasury Operations, Cash Management, or related finance functions.

- Strong knowledge of payment operations, banking processes, and financial controls.

Work Experience

- 5 to 8 years business related process experience preferred

Knowledge/Skills Requirements:

- Experience with bank reconciliations, payment settlements, payment exception handling, and intercompany netting processes.

- Extensive knowledge of global payment processes, banking platforms, and financial systems.

- Proven proficiency with MS Office Suite, including advanced Excel and intermediate PowerPoint skills.

- End-user knowledge of systems such as TIS, SAP, CFIN, SAP, BlackLine, Basware, and ServiceNow preferred.

- Understanding of Treasury, Cash Management, Intercompany Accounting, and Payment Controls.

- Proven presentation and stakeholder management skills.

- Experience working with senior finance leadership and global stakeholders.

- High sense of urgency and ability to work independently.

- Strong problem-solving, analytical, and decision-making skills.

- Driven to identify and implement process improvements through automation and continuous improvement methodologies.

- Knowledge of banking regulations, payment controls, SOX compliance, and audit requirements.

📌 Sr Accountant _ Intercompany _AP (Bengaluru)
🏢 Somani Technologies
📍 Bengaluru