Associate Analyst, Accounts Payable

Relocation Assistance Offered Within Country
Job Number #176589 - Mumbai, Maharashtra, India

Who We Are

Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specializing in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name!

Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values—Caring, Inclusive, and Courageous—we foster a culture that inspires our people to achieve common goals. Together, let's build a brighter, healthier future for all.

Brief introduction - Role Summary/Purpose :

• To review, validate and process invoice payments,Stakeholder Engagement,Month-End Close

Responsibilities:

Payment Processing and Analysis:

• Prepare, analyze, and execute payment proposals for both third-party vendors and intercompany transactions, adhering to strict scheduled dates and bank cutoff times to ensure timely disbursements.
• Maintain 100% accuracy and efficiency throughout the payment initiation process, minimizing errors and ensuring compliance.
• Initiate manual payments accurately and promptly upon request, managing exceptions effectively.
• Ensure all processed payments are meticulously recorded, and reconciled, providing a clear audit trail.

Stakeholder Engagement and Issue Resolution:

• Proactively engage with crucial stakeholders including banks, subsidiaries, and vendors to facilitate smooth payment operations and address any emerging issues.
• Efficiently respond to vendor and invoice-related inquiries, providing timely resolutions to payment-related issues.

Financial Control and Compliance:

• Prepare and analyze duplicate payment reports to identify and prevent erroneous disbursements.
• Regularly prepare and submit documentation for SOX (Sarbanes-Oxley) and other audit requirements, ensuring full compliance with internal controls and external regulations.
• Conduct regular reviews of debit balances and aged balances in vendor accounts, actively resolving discrepancies to maintain accurate ledger records.

Month-End Close and Process Improvement:

• Ensure the timely and accurate completion of month-end closing activities for accounts payable.
• Actively identify and participate in continuous process improvement initiatives within the accounts payable function, aiming to enhance efficiency, accuracy, and control.
• Ensure that all Standard Operating Business Procedures (SOBPs) are updated in a timely manner, reflecting current processes and best practices.

Invoice Management:

• Review, verify, and accurately post both Purchase Order (PO) and Non-Purchase Order (NON-PO) invoices into the accounting system, ensuring proper coding and approvals.

Required (Education, Knowledge required, Language skills, etc)

• SAP
• GST provisions and withholding tax
• Excel
• Banking Portals
• Indian Import payments for raw materials and services

Preferred Qualification and experience:

• Bachelor's Degree required in Finance
• Min 2+ year experience

Our Commitment to Inclusion
Our journey begins with our people—developing strong talent with diverse backgrounds and perspectives  to best serve our consumers around the world and fostering an inclusive environment where everyone feels a true sense of belonging. We are dedicated to ensuring that each individual can be their authentic self, is treated with respect, and is empowered by leadership to contribute meaningfully to our business.

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Reasonable accommodation during the application process is available for persons with disabilities. Please complete this request form should you require accommodation.

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