P2P Associate
P2P Associate
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Job Description
An P2P Associate at NIQ is a crucial role within the Finance Operations team focusing on the Accounts Payable Service Delivery. As a senior member of the team you are responsible for leading and executing the daytoday operations of the accounts payable payment processing functions. This role ensures that all payment activities are carried out with accuracy efficiency and compliance with all company policies and procedures. The ideal candidate will demonstrate strong leadership capabilities and an indepth understanding of payment processing systems and practices.
Key Responsibilities:
- Payment Execution: Lead the execution of payment transactions including check runs ACH transfers and wire transfers ensuring all payments are processed accurately and on time. Manage electronic and manual payment systems and resolve any payment issues.
- Process Improvement: Identify and implement process improvements to increase the efficiency and accuracy of the payment processing system. Collaborate with IT and finance teams to enhance payment platforms and tools. Identify opportunities for process improvement efficiency gains and implement best practices and automation solutions.
- Compliance and Controls: Ensure strict adherence to internal controls and compliance with all financial policies and procedures related to payment processing. Conduct regular audits to ensure compliance and accuracy. Ensure compliance with company policies and local and international regulations.
- Vendor Management: Maintain strong relationships with vendors and internal stakeholders. Handle escalated vendor inquiries and disputes regarding payment issues. Collaborate with procurement and vendor management teams to streamline payment processes and resolve discrepancies.
- Reporting and Analysis: Generate and analyze payment reports to monitor trends performance and areas for improvement. Provide insights and recommendations to senior management. Generate regular reports and metrics to track payment activities.
- Team Leadership: Provide guidance and mentorship to junior team members. Oversee training and development to ensure a highperforming team. Manage to SLAs and meet KPIs.
- Month End Procedures: Ensure successful monthend closes in the SAP environment for P2P perform monthend closing activities including expense accruals journal entries and reconciliation of payablesrelated general ledger accounts. Assist in preparing monthly quarterly and annual schedules and reporting packages.
- Proven technical knowledge of SAP with a track record of test scrip development performing and managing a UAT process migration and implementation.
Qualifications :
- Bachelors degree in Finance Accounting Business Administration or related field.
- Minimum of 3 years of experience in payment processing or accounts payable
- Technical Proficiency: Advanced proficiency in payment processing software ERP systems and Microsoft Office Suite particularly Excel.
- Analytical Skills: Strong analytical abilities to interpret financial data and manage financial records.
- Leadership Skills: Proven leadership and team management skills with the ability to train mentor and motivate team members.
- Communication Skills: Excellent communication and interpersonal skills capable of managing relationships with internal and external stakeholders.
- ProblemSolving Abilities: Strong problemsolving skills with the ability to handle complex issues related to payment processing.
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
