Senior Associate - Payment Processing - PTP

The P2P Payment Processing- Associate will be responsible for executing accurate & timely processing of payments to vendors, employees etc. He is responsible to coordinate with treasury and bank for payment authorization and payment release.

He/ She would need to contribute as per overall service framework so that he/ she meets or exceeds agreed KPIs and SLAs defined between Operating Companies and BSC.

• Preparation  of payment proposal and checking of open advances, debits/credits etc;
• Generating and review of payment proposal & payment run
• Reconciliation of payment run with bank payment file uploads.
• Investigate and  resolve issues of reversal and  rejected payments;
• Process local manual payments, foreign currency/treasury payments  and processing cheque cancellations as well as stop payment requests;
• Coordinating with treasury and bank for payment authorization and release.
• Coordinating with bank for any error in payment processing.
• Ensuring compliance of QA framework.
• Participating in continuous improvement projects within Shared services.
• Ensure that overall delivery of services to Opcos meets or exceeds agreed KPIs and SLAs defined between Operating Companies and BSC and is within a strong internal control framework*.*
• Collaborate with the Service Management team to understand and effectively implement SLA.
• Ensure that Internal Customer and Supplier issues are dealt with in accordance with the escalation process and push back where this is not the case