Accounting Associate(Invoice to Pay)

Caterpillar Inc.

3mo ago

Applications are closed

Job
Full-time
Senior Level
Bangalore

Requirements

Degree in accounting with at least 6 years of accounting experience.
Incumbent must demonstrate knowledge of policies and procedures, plus initiative, leadership, excellent analytical skills, problem solving, good judgment and superior communication skills.
Accounting skills and a strong knowledge of Payments activities is required.
Excellent interpersonal skills are required to deal with highly sensitive issues, develop others or persuade others inside and outside the department take specific actions.
SAP experience preferred.
Flexibility to work in US shifts required.

Responsibilities

To manage the Invoice to Pay (ITP) process work with the service provider for monitoring and delivering of services. Minimize the risk exposure of the enterprise by ensuring compliance with the policies & procedures for Invoice to Pay process. From the outset, the accountant will be expected to be a contributing performer, performing financial/decision support accounting work that supports business processes.
Develop an expanded understanding of Caterpillar’s business and accounting practices, systems, and procedures.
Coordinate with the Service provider for accounting the vendor invoices, grief resolution and timely payments.
Monitor the quality of the deliverables by reviewing the vendor invoices accounted in SAP.
Perform quality audits to validate the accuracy on the vendor invoice accounting and vendor payments.
Monitor the invoice grief and payment grief for timely resolution and follow the governance process in case of escalations.
Monitor the service deliverables through designated system and tools. Should be conversant with interactive dashboards to analyze and arrive insights for discussion with the service provider.
Review the payable reconciliation for aged balances and coordinate with the service provider and Business units for resolution.
Utilizes various computerized systems to accumulate and process data and identifies process improvement opportunities within Trade & Exchange to improve compliance efficiency.
The variety of accounting tasks ranges from low to medium complexity. Interaction outside the workgroup is typically with peers. As the Accountant gains experience, he/she will develop a technical understanding of more complex accounting issues and expand their decision-making capability.
The accountant will demonstrate knowledge and ability to independently handle accounting issues. They will demonstrate good communication skills and have an expanded knowledge of Caterpillar’s businesses, products, suppliers and customers.

FAQs

What is the job title for this position?

The job title is Accounting Associate (Invoice to Pay).

Where is this position based?

The position is based out of the Bangalore, Whitefield office.

What is the primary responsibility of the Accounting Associate (Invoice to Pay)?

The primary responsibility is to manage the Invoice to Pay (ITP) process, ensuring compliance with related policies and procedures while working with service providers.

How many years of accounting experience are required for this position?

A minimum of 6 years of accounting experience is required for this position.

Is experience with SAP preferred for this role?

Yes, SAP experience is preferred for this role.

What are the working hours for this position?

Flexibility to work in US shifts is required for this position.

Does the job provide opportunities for personal and professional development?

Yes, the job offers personal and professional development opportunities through Caterpillar's employee resource groups across the globe.

What benefits are included in this job offer?

The benefits include work-life harmony, earned and medical leave, flexible work arrangements, relocation assistance, medical coverage, and an employee investment plan, among others.

Will there be any involvement with vendor invoices?

Yes, the Accounting Associate will coordinate with the service provider for accounting vendor invoices, grief resolution, and timely payments.

Is there support for employees' mental wellness?

Yes, the company provides an employee mental wellness assistance program.

Are diversity and inclusion a priority in hiring for this position?

Yes, Caterpillar is an Equal Opportunity Employer and encourages individuals from diverse backgrounds to apply.

Caterpillar Inc.

We help our customers build a better, more sustainable world.

Manufacturing & Electronics

Industry

1-10

Employees

1925

Founded Year

Mission & Purpose

For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.