Financial Analyst - Procure To Pay - Retail

Financial Analyst Procure to Pay

Roles & Responsibilities :

- This position shall be part of the accounting, finance operations (Procure to Pay) and cross functional programs/business launches and reporting (controllership) function of the company.

- The successful candidate will be a self-starter who is comfortable with ambiguity, detail oriented and will possess the ability to work well with cross-functional teams and in a fast paced environment.

- Equally important for success in this role is the ability to collaborate with diverse teams of professionals to new levels of success in a variety of complex tasks as the business continues to grow.

- A candidate should have strong technical accounting and hands-on experience in these areas to successfully analyze the organization's critical business requirements and develop innovative solutions to improve performance and reporting of financial results.

- Working knowledge of banking and treasury is desirable but not mandatory.

Knowledge & Skills Required :

Major work responsibilities shall comprise of the below :

- Review and drive the operational excellence in the procure to pay process;

- Partner/drive vendor experience initiatives, automation initiatives, fintech launches, etc. from operations and accounting point of view;

- Ensuring proper internal controls and documentation (SOPs/checklist) for assigned processes including but not limited to vendor payments, vendor disputes, vendor returns, liquidations;

- Manage and supervise liquidation and return to vendors billing to ensure operational excellence. Work with business teams for improvement in realization rates;

- Ensure reporting receivables position to business partners and drive reduction in the bill to cash cycle time,

- Provide support for internal and statutory audits and for monthly financial reviews with business partners,

- Review and drive action on balance sheet schedules related to accounts payable and vendor receivable.

- Developing strong partnership with Finance Operations team, Business, Finance Partners, Tech teams, Supply Chain and Re-commerce teams;

- Drive the expansion of vendor financing program.

- Ensure that cost efficiency and a cost-conscious culture is a key focus for the organization

- Manage controls in the area of procure to pay and ensure accuracy in recording invoices, payments, vendor receipts, ensuring proper control for LCs, prepayments, claims/disputes, etc.;

- Supervise the accounting for business transactions,

- Focus on Seller Reimbursements, disputes resolution and other critical business processes

- Actively work in formulating accounting policies and guidelines for all critical business processes,

- Ensure adherence to company's accounting policy and guidelines

Basic Qualifications :

- CA with 3-5 years of experience, or MBA/CWA/M.Com with 5-10 year of relevant experience.

- Should have strong excel skills and ability to handle volumes,

- Oracle ERP knowledge preferable,

- Good communication skills and ability to multi-task and deal with ambiguity

Preferred Qualifications :

- Understanding of the retail business. Prior experience in a complex retail organization.

- Proven ability to develop new ideas and creative solutions

- Proven ability to work successfully in an ambiguous environment

- Proven ability to meet tight deadlines and prioritize workload

- Strong communication skills, both verbal and written

- Customer focus and professional demeanor