Job Description
Who We Are
Magnit is the future of work. Serving hundreds of the world’s most recognizable brands for the past 30+ years, Magnit offers the industry’s first holistic platform for the modern workforce. Magnit's integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients’ success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organization’s contingent workforce management, talent strategy and broader organization goals. At Magnit, you’ll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.
This position will be working in the Vadodara office. The Accounts Payable Specialist will be responsible for processing accounts payable invoices for payment, including but not limited to, voucher entry, payment review, and account coding. It is essential that the Accounts Payable Specialist have a clear understanding of the total accounts payable process. The candidate must be organized, accountable, detail-oriented, and adaptable to ensure deadlines are met timely and with a high degree of accuracy. This is a great opportunity for a hard-working, career-minded accounting professional who is motivated by new opportunities and challenges as the Company expands both domestically and internationally.
Responsibilities
• Process supplier invoices accurately and within defined SLAs.
• Process payment runs and support payment reconciliation activities
• Responsible for the complete end-to-end process of reviewing and releasing supplier invoices. This will include the following:
o Researching and resolving discrepancies with the supplier invoices,
o Ensuring to send forecast details to treasury timely,
o Bank reconciliation,
o Working closely with individuals at all levels of the Company to ensure timely and appropriate processing of invoices and payments and in accordance with Company policies and procedures,
• Support month-end and year-end closing activities, including accruals and AP reconciliations.
• Researching and responding to supplier inquiries or other stakeholders.
• Monitor invoice ageing and ensure timely payment to suppliers.
• Managing void and re-issue the payments timely to close month end smoothly.
• Maintain process documentation and standard operating procedures (SOPs)
• Ensure compliance with internal controls, audit standards, and company policies,
• Assisting with ad hoc special projects
• Working with IT to test system enhancements prior to implementing changes in ERP.
Minimum Qualifications
•Bachelor’s degree in any field or similar field of study is recommended
•0-2 years’ experience performing full cycle Accounts Payable functions
•Ability to follow instructions for multiple projects with competing priorities and tight deadlines in a fast-paced environment
•Excellent interpersonal and communication skills
•Experience with multi-company organization
•Strong attention to detail, time management, and organizational skills
•Ability to understand and process high volumes of data
•Proficiency with Microsoft Office software (Excel, Word, Outlook, etc.)
•Basic understanding of debits and credits
•Willingness to learn
•Flexibility with shift timings
What Magnit will Offer You
At Magnit, you’ll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You will work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!
Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!
If this role isn’t for you
Stay in touch, we will let you know when we have new positions on the team.
To see a complete list of our open career opportunities please visit.
https://magnitglobal.com/us/en/company/careers.html
To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.
As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.
By applying to this role, you consent to Magnit safely storing and managing your personal data. Please read this link to learn more.
https://magnitglobal.com/us/en/privacy-notice.html
