Settlement Analyst - BKC - 6 Months Contract @ Kelly Services India

Location: BKC

Salary: 5.3 LPA max based on exp

Western line-Churchgate to Dahisar

Central line- CST to Thane

Harbour line- CST to Vashi

Department
Department in charge of managing and streamlining physical commodity trade-related activities for cargo and services
encompassing : invoicing, settlement, cash collection, interco/internal recharge, reporting, and continuous process &
technology improvement across COMPANY legal entities for all divisions, business lines and geographies.

Main Purpose
* Ensure the company receives payments from external counterparties for goods and services, properly recording
the transactions by posting sales invoices in line with established policies and procedures, in an efficient, timely
and accurate manner
* Ensure payment to external counterparties are completed, and expenses are controlled, by processing, verifying
and reconciling invoices according to established policies and procedures in an efficient, timely and accurate
manner

Responsibilities
Ensure timely and accurate invoice posting for account payable and account receivable related to cargo and non cargo
expenses and income
Account Receivable
Verifying supporting documents against data entry in respective systems, and raising any query to relevant
department in case of inconsistent data
Monitoring task prompts and reports identifying the Account Receivable to be invoiced (provisional, final, invoice
for differential, recharge with external counterparties)
Capturing and posting sales invoices, credit notes (AR Invoice) for sales and services rendered, recharge to external
counterparties
Issuing document in conformity with all the details and specific requirements for each transaction and counterparty
Liaising with internal departments in case of claim from buyer related to AR invoice discrepancy

Account Payable
Controlling incoming invoices, credit/debit notes (AP invoice) for cargo and non-cargo from external counterparty
are compliant with contractual terms, internal/external regulations and tax requirements
Matching payable estimates / purchase orders to invoices in respective systems associated to the corresponding
transaction
Posting AP invoices, related to cargo and trade expenses, to relevant analytical level and/or cost centers by
analyzing invoice vs expense and recording entries
Liaising with internal departments in case of discrepancies between estimates / purchase order and Invoice
Payment order
Issuing payment order whenever invoice ready to be paid as per contract terms and/or internal instructions from
relevant department, always in accordance with policies and procedures
Various
Ensuring Tax invoices are compliant with internal policies and procedures as well as relevant Tax jurisdiction
Coordinating whenever required with Trading, Deal desk, Operations, Trade Finance, Settlement Teams
Communicating with external counterparties

Knowledge, Skills and Abilities
- Fluent in English both written and spoken
- Bachelor degree or equivalent in Business administration; Supply Chain or international trade (Import/export)
- 2-3 years or presently working in similar position
- Knowledge of general accounting principles, regulatory standards and compliance requirements
- Strong interest and first experience in physical commodities trading
- Proficient in MS office, including ability to operate computerized accounting and spreadsheets programs
simultaneously, at ease in a multi-software environment
- General math skills
- Able to work independently, under pressure and in a methodical, detailed and accurate fashion
- Able to process large amount of information / documents quickly and accurately
- Able to quickly find key information in multiple documents
- Excellent data entry skills
- Fast learner and comfortable operating in a fast-paced environment.
- Very good communicator
- Flexible nature
- Team player

Key Relationships
- Operations
- Deal desk
- Trade Finance
- Treasury
- Trading
- Settlement Team
- External counterparties

Competencies
- Customer Focus :
o Diplomatic with strong external /internal customer orientation
- Communication :
o Very clear and precise communicator both verbally and in writing.
o Good Listener and shares ideas /solutions
- Team Work :
o Team Player possesses an ability to work and integrate with other teams
- Initiative :
o Proactive, ability to think ahead to avoid problems.
o Drives processes and tasks to achieve required results
- Innovation :
o Comes up with resourceful ideas and solutions related to his/her duties
- Ownership & Accountability :
o Demonstrate a sense of urgency and ability to meet deadlines
o Takes ownership of own decisions and actions - successes and mistakes
- Management
o Gives timely, constructive and specific feedback
o Able to differentiate between main issues and side issues
- Detail orientation :
o Highly organized and very methodical.
o High level of endurance for file follow up
o Very Strong Attention to detail, high degree of accuracy

Key Result Areas (KPIs)
- Number of AP and AR invoices processed
- Delay on invoice posting
- Vendor payment processing cycle
- Vendor payment error rate
- DSO

Reporting Structure
- Reporting directly to AP & AR Administration Team leader

Equal Opportunity Employer
We are an Equal Opportunity Employer and take pride in a diverse workforce. We do not discriminate in recruitment, hiring,
training, promotion or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national
origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status.

Skills:
* Good communication skills.
* Renewable contract (Performance basis renewal)
* WILLING TO WORK ON THE PAYROLL OF KELLY SERVICES

Interested candidates kindly contact Apeksha Patil or Send SMS "ANALYST" to 8446591*** or send email to Ap**********l@ke**********s.co. in