Overview of the roleThe invoice processing lead will work with the FSSC I2P tower head and FSSC Head and will be accountable for all invoice processing and intercompany payment related to Finance & Accounts (Statutory, Management & Tax accounting) for all entities being served by FSSC.He / She will establish, manage and maintain daily financial processes (Invoice processing, allocation of workload to staff, review of accounting irregularities, ageing on balances, MIS, Audits, Technical accounting matters, Reporting and reviews etc. as per time bound deliverables). The candidate will be responsible for providing inputs, advice and support to the team on technical and operational matters.What you will doInvoice processing

• Processing PO / Non PO based invoice for Local third party vendor for company codes assigned
• Ensuring VAT compliant invoices while processing local third party invoices, both PO and NPO based.
• Ensuring approvals are taken before processing manual posting and GL, CC and Tax codes are provided.
• Sending mail to unblock the entries which are in blocked status.
• Updating the payment printing file for urgent payment.
• Managing Ariba manager approval for all company codes assigned
• Managing queries received through email or call
• Ensure timely processing of supplier invoices
• Ensure timelines are met as per SLA
• Ensure periodic balance sheet substantiation and aged items over 90 days are tracked and reported
• Follow up with business unit to complete invoice verification
• Ensure to process payments for Principal vendors as per credit terms and standing instruction (eg: Trading Enterprises - Some Principal vendor payments by 25th of every month)
• Advance Payment Review
• Good Receipt IR Review
• Debit Balance Review
• Vendor Account Zero Balance
• Validation of Invoices scanned - as and when required by Validation team.

Internal and financial control compliance

• Ensure application of appropriate internal controls, compliance and financial processes at FSSC (Procurement, AP, systems etc.)
• Adopt best practices and process improvements within the Financial Reporting, Technical Accounting and Financial Controlling processes
• Review and reconciliation of BS accounts, GL Scrutiny

Technical Expertise

• Thorough knowledge of SAP Invoice processing accounting, tcodes, underlying transaction basis
• Work with IT demand manager to ensure reports are being automated and available on real time basis
• Ensure Daily targets are met for processing

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