Senior Process Associate ITP

Senior Process Associate ITP - Pune

“Life Unlimited” At Smith+Nephew. We design and Manufacture technology that takes the limits off living.

This role is responsible for providing leadership in the Payments Processing Function, ensuring timely and accurate payments while maintaining strong financial controls. Role encompasses process improvement, vendor relationships, and financial analysis. Delivers the service to meet SLAs and KPIs and to ensure positive voice of customer feedback.

What will you be doing?

- Perform the payment run processing, fostering excellent stakeholder relationships, and ensuring service delivery excellence.

- Ensure accurate and timely payments to suppliers and other parties in accordance with contractual terms and payment schedules, while minimizing delays and avoiding penalties

- Coordinate payment processing to effectively manage cash flow and working capital, collaborating with other departments, and optimizing cash management strategies.

- Strengthen relationships with strategic suppliers through proactive engagement, negotiating favorable payment terms, exploring early payment discounts, and enhancing partnerships.

- Address payment-related inquiries promptly, provide exceptional service, and foster strong relationships with suppliers and stakeholders

- Promote electronic payment solutions to automate the payment process, reduce reliance on manual checks, accelerate payment cycles, and improve cash flow management.

- Drive continuous improvement by identifying bottlenecks, optimizing workflows, and implementing process enhancements in collaboration with stakeholders.

- Ensure compliance with MAPs, SOX regulations, and manage internal/external audits related to Payments Processing, addressing control deficiencies and mitigating risks.

- Strengthen controls and risk management practices within the payment processing process, ensuring regulatory compliance and data security.

What will you need to be Successful?

- Education: Graduate / Post Graduate Degree - B.Com / M.Com.

- 3-5 Years of AP full cycle AP Payment processing, On Time payment, DPO, basic accounting principles.