Accounts Payable

Merino Industries Limited

Job Description

About Merino Group

Merino is a versatile manufacturer and marketer of Interiors Solutions with a wide array of products for homes, offices, commercial and public areas. Decades of strong market presence have created a high brand recall among various customer segments. Tapping the synergy of our products and services, we achieve a competitive advantage through technological innovation and by delivering greater customer satisfaction.

In Interior Solutions, plywood was our first product in 1974 and it launched our reputation for product quality and company service. Merino then established its manufacturing unit for high pressure decorative laminates at Hapur near New Delhi. A second unit at Rohad was commissioned, as our rapid growth evolved us into India's largest manufacturer and exporter of laminates. Our specialty is to continuously release new products which are aligned to international trends and market demand. Over the years, our innovations have been continuously well received by Architects and Interior Designers. Our quality products have been complementing the creativity of these professionals. Our endeavor is to maximize the product value (Excellence), maintain affordability (Economy) and deal fairly and transparently in all our relationships (Ethics).

In the Agro Business, the Merino Group began in the cold storage business and subsequently diversified into farming, biotechnology, and food processing. Our integrated approach enables us to offer customers the complete range - from raw material to finished product. Our integration in both directions - forward and backward - has shaped our brand initiative in the FMCG market where we have launched potato flakes and ready-to-eat snack mixes under the brand name 'Vegit'.

In Information Technology Services, Merino Services Limited is a Business Consulting and IT Services organization providing value-added services as a Partner-in-Progress with our esteemed customers and business associates. We specialize in design/implementation of various business solutions for our customers.

Role & Key Deliverables

The candidate will be responsible for the AP function within Financial Shared Service, scope includes processing of travel claims & vendor invoice processing, payments, payment applications and dispute resolution. Develop good relationship and facilitate interaction between the AP team and other stakeholders in the organization.

Experience

• Good understanding of travel claims processing & vendor invoice processing. An understanding of accounts payable in Shared Services. 5+ years overall experience with the majority being in P2P (travel claims processing) with exposure to the SAP environment.
• Graduate with 5 – 10 years of experience.
• Ability to manage high workloads & conflicting priorities. Collaborative style and a good team player.
• Strong employee focused mind-set. You are passionate about employee experience and driving continuous improvement for all travel claim settlement processes.
• Preference would be given to candidates who have experience in working in international environment and who can join immediately or in short notice.

Duties and Responsibilities

• Processing of travel claims & vendor invoices across all geographies of Merino, as per guidelines and accurate accounting of cost to correct ledgers.
• Ensuring timely processing of the payments to employees / vendors & communicating with initiators and employees / vendors to provide responses to queries.
• Coordination with initiating departments for payments related queries.
• Ensuring correct accounting of cost in SAP and treatment of applicable taxes.
• Accounting and review of appropriate cost provisions & assisting in analysis and providing key reasons for variances.
• Reconciling data as per the systems, banks and employee / vendor records along with preparation of monthly analysis reports.
• Must understand entire travel claim settlement (P2P) lifecycle so that coordination amongst other verticals is easy.
• Proficient in accounting and should have understanding about Journal entries.
• Review of unapplied and overdue accounts on a periodic basis and acting on aged items.
• Conduct account reviews for A/P & GRIR balances and provide updates to management on Account Payable status.
• Maintain documentation for compliance reporting and audits.