AP Senior Analyst
Full-time
Vestas
The team is under Global Finance of Vestas Shared Service Centre. Finance Shared Service Center comprised of various Finance functions that support Vestas globally. These functions include Purchase to Pay, Travel and Expense, Account to Report, Cash Management, Compliance, Fixed Assets, Intercompany, Costing and Inventory, Master Data Management and the Finance Controlling team. This team is expected to have close collaboration with Regional Finance, Payroll, Factory Controllers, Treasury, Procurement, and other functions of the company. SSC > Finance SSC > Accounts Payable Responsibilities:
- Responsible for end-to-end vendor account reviews and issue resolution across assigned vendor segments.
- Perform comprehensive vendor account reviews for assigned segments in accordance with established schedules and service level agreements (SLAs).
- Review, analyze, and resolve parked and blocked invoices by coordinating closely with Procurement and relevant business stakeholders to ensure timely posting or release. Follow escalation path when things are not working or no response.
- Perform GR/IR (Goods Receipt / Invoice Receipt) analysis, including identification of aged or unmatched items and execution of clearing activities. Execute write-off or account maintenance, when necessary, in accordance with the Global Policy.
- Investigates and resolves vendor account discrepancies by working closely with concerned groups like external vendors, requestors, buyers, end-users, etc.
- Set up regular cadence with problematic vendors to address issues related to non-compliant invoicing, correct invoice submission channels including correct timing, etc.
- Partner with Procurement team to be up-to-date on correct buying channels and any upfront process updates that might impact invoice handling.
- Prioritize requests based on urgency, aging, and business impact in accordance with established SLAs.
- Identify recurring issues and recommend process improvements to ensure on-time invoice payments and enhanced operational efficiency.
- Execute month-end and year-end closing activities related to vendor accounts and GR/IR balances, including parked accruals and GR/IR accruals.
- Maintain accurate documentation and complete audit trails for all review, reconciliation, and issue resolution activities.
- Ensure timely completion and submission of all Audit and Controls requirements.
- Bachelor's degree in accountancy/ finance/ business management or related area.
- Minimum of three (3) years of solid end-to-end Accounts Payable process experience.
- Experience working with ERP systems, SAP S/4 HANA
- Experience working in a shared services environment and/or collaborating with cross-cultural or global teams.
- Solid knowledge of accounting principles with the ability to apply them effectively to daily operational activities.
- Effective analytical and problem-solving skills with a high level of attention to detail.
- Ability to manage multiple vendors and competing priorities in a deadline-driven environment.
- Demonstrates a well-developed continuous improvement mindset by consistently identifying process inefficiencies and implementing effective solutions to enhance performance and quality.
- Effective written and verbal communication skills, enabling clear and professional coordination with internal and external stakeholders.
- Ability to manage work with minimal supervision while contributing effectively to a collaborative team environment with tight deadlines.
Vacancy posted 7 days ago
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