BA_AP_Payments_SSC

About Welspun

Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.

At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.

Job Purpose/ Summary

The Payment Processor in GCC ensures accurate, compliant, and timely execution of all types of payments including vendor, statutory, employee, advance, and project retention payments as per Indian Accounting Standards and company policies. The role emphasizes maintaining daily productivity and CTQ (Critical to Quality. standards, managing host-to-host and manual payments, and supporting month-end closures and payment run cycles, including flexibility during peak volumes or weekoffs.

Job Title

BA_AP_Payments_SSC

Job Description
The Officer in the Centralized Payment department plays a crucial role in managing and executing payment processes within the organization. This position requires a strong understanding of business and commercial acumen, process improvement, and quality orientation to ensure efficient payment operations. The Payment Processor in GCC ensures accurate, compliant, and timely execution of all types of payments including vendor, statutory, employee, advance, and project retention payments as per Indian Accounting Standards and company policies. The role emphasizes maintaining daily productivity and CTQ (Critical to Quality. standards, managing host-to-host and manual payments, and supporting month-end closures and payment run cycles, including flexibility during peak volumes or weekoffs. The officer is expected to collaborate effectively with various stakeholders, manage vendor relationships, and utilize MS Excel and SAP for payment processing. A global mindset and people management skills are essential to navigate the complexities of international payment systems.

Principal Accountabilities
Ensure accurate and timely processing of all payment types including vendor statutory employee advance and project retention payments in compliance with Indian Accounting Standards and company policiesbrMaintain compliance with Indian Accounting Standards and company policies ensuring all payment processes adhere to established guidelinesbrEfficiently manage hosttohost and manual payment processes ensuring seamless operations and minimizing errorsbrSupport monthend closures and payment run cycles demonstrating flexibility during peak volumes or weekoffs to meet deadlinesbrCollaborate with internal and external stakeholders to resolve paymentrelated issues promptly and effectivelybrUtilize SAP HANA and MS Excel for effective payment processing and reporting ensuring data accuracy and integritybrEnsure the timely clearing of project retentions and advances maintaining accurate records and documentationbrContinuously seek process improvement opportunities to enhance payment operations driving efficiency and effectiveness in all paymentrelated activities

Key Interactions

Vendors,Internal Communication ,External Communication ,Auditors,Junior Management,Cross-Functional Collaboration ,Mid Management,Quality team

Experience

2

Competency Name

Competency Name Proficiency Level Business & Commercial acumenExpert EntrepreneurshipExpert Global Mind-setExpert People ExcellenceExpert Payment ProcessingExpert Accounts Reconciliation Expert CollaborationExpert SAP Module ExpertiseExpert Statutory ComplianceExpert Governance, Risk and ControlExpert Attention to detailExpert Time ManagementExpert Communication SkillProficient

Additional Section (Can Be Added, If Required.

NA