Job Description
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Job Number: 55600
Group: Magna Corporate
Division: Magna Corporate R&D India
Job Type: Permanent/Regular
Location:
BANGALORE, IN
Group Description
At Magna, we create technology that disrupts the industry and solves big problems for consumers, our customers, and the world around us. We’re the only mobility technology company and supplier with complete expertise across the entire vehicle.
We are committed to quality and continuous improvement because our products impact millions of people every day. But we’re more than what we make. We are a group of entrepreneurial-minded people whose collective expertise gives us a competitive advantage. World Class Manufacturing is a journey and it’s our talented people who lead us on this journey.
Role Summary
The Accounts Payable / Receivable completes payments process and controls expenses by receiving, processing, verifying and reconciling invoices and also making payments in time within prescribed SLAs. He/she partners with various business teams in maximizing profits, improving decision-making, and ultimately driving financial transparency across Accounts payable / receivables.
Key Responsibilities
• Calculate, post business transactions, process invoices, verify financial data for use in maintaining accounts payable records, and provide other clerical support necessary to pay the obligations of the organization
• Clarify any questionable invoice items, prices or receiving signatures
• Obtain proper information and/or data regarding invoice payments
• Assemble invoices to be completed for payment
• Verify and calculate all extensions and totals on invoices (calculating and taking discounts when applicable),
• Review invoices and requisitions for satisfactory payment approval
• Check vendor files for any previous payments and assign voucher numbers
• Maintain copies of vouchers, invoices or correspondence necessary for files
• Prepare vouchers listing invoice number, date, vendor address, item description, amounts and coding per accounting policies and procedures
• Type periodic reports and other records
• Follows safe work procedures; Uses appropriate personal protective equipment (PPE); Uses workplace tools and equipment as instructed; Reports workplace hazards, injuries and illness as soon as possible following event.
• Complies with the requirements of Quality Operating System (QOS)
• Scrutiny of employee’s expense reimbursement and processing for accounting
• Scrutiny of Capital expenditure comparative and validate with quotes before issue PO to vendors.
• Gathering of Vendor registration information
• Coordination with treasury team for penny test
• Validation of all legal registration of vendors
• Intercompany reconciliations
• MSME compliances
• AP aging review
• Invoice processing for domestic and export services
• Tracking of overdue and knocking of payment against each invoice
• Follow up with customer for overdue invoices
• Tracking of rate changes and calculation of retro impact
Key Qualifications/Requirements
Education/Experience
• Bachelor Degree in Accounting, Business or Finance
• 6 - 8 years in an Accounts Payable / Receivable role;
Personal Requirements
• Able to be a team player.
• Ability to demonstrate strong organizational skills and pay attention to details.
• Able to demonstrate strong work ethic.
• Able to work independently and follow through on issues with minimal directions.
Computer Skills
• Efficient in SAP
Language/Communication
• Comprehensive knowledge of English (verbal and written)
• For positions located in non-English speaking locations, knowledge of the local working language is an asset.
• Advanced knowledge (verbal &written) of local language required.
At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, ****** orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law
Share this Job
Job Number: 55600
Group: Magna Corporate
Division: Magna Corporate R&D India
Job Type: Permanent/Regular
Location:
BANGALORE, IN
Group Description
At Magna, we create technology that disrupts the industry and solves big problems for consumers, our customers, and the world around us. We’re the only mobility technology company and supplier with complete expertise across the entire vehicle.
We are committed to quality and continuous improvement because our products impact millions of people every day. But we’re more than what we make. We are a group of entrepreneurial-minded people whose collective expertise gives us a competitive advantage. World Class Manufacturing is a journey and it’s our talented people who lead us on this journey.
Role Summary
The Accounts Payable / Receivable completes payments process and controls expenses by receiving, processing, verifying and reconciling invoices and also making payments in time within prescribed SLAs. He/she partners with various business teams in maximizing profits, improving decision-making, and ultimately driving financial transparency across Accounts payable / receivables.
Key Responsibilities
• Calculate, post business transactions, process invoices, verify financial data for use in maintaining accounts payable records, and provide other clerical support necessary to pay the obligations of the organization
• Clarify any questionable invoice items, prices or receiving signatures
• Obtain proper information and/or data regarding invoice payments
• Assemble invoices to be completed for payment
• Verify and calculate all extensions and totals on invoices (calculating and taking discounts when applicable),
• Review invoices and requisitions for satisfactory payment approval
• Check vendor files for any previous payments and assign voucher numbers
• Maintain copies of vouchers, invoices or correspondence necessary for files
• Prepare vouchers listing invoice number, date, vendor address, item description, amounts and coding per accounting policies and procedures
• Type periodic reports and other records
• Follows safe work procedures; Uses appropriate personal protective equipment (PPE); Uses workplace tools and equipment as instructed; Reports workplace hazards, injuries and illness as soon as possible following event.
• Complies with the requirements of Quality Operating System (QOS)
• Scrutiny of employee’s expense reimbursement and processing for accounting
• Scrutiny of Capital expenditure comparative and validate with quotes before issue PO to vendors.
• Gathering of Vendor registration information
• Coordination with treasury team for penny test
• Validation of all legal registration of vendors
• Intercompany reconciliations
• MSME compliances
• AP aging review
• Invoice processing for domestic and export services
• Tracking of overdue and knocking of payment against each invoice
• Follow up with customer for overdue invoices
• Tracking of rate changes and calculation of retro impact
Key Qualifications/Requirements
Education/Experience
• Bachelor Degree in Accounting, Business or Finance
• 6 - 8 years in an Accounts Payable / Receivable role;
Personal Requirements
• Able to be a team player.
• Ability to demonstrate strong organizational skills and pay attention to details.
• Able to demonstrate strong work ethic.
• Able to work independently and follow through on issues with minimal directions.
Computer Skills
• Efficient in SAP
Language/Communication
• Comprehensive knowledge of English (verbal and written)
• For positions located in non-English speaking locations, knowledge of the local working language is an asset.
• Advanced knowledge (verbal &written) of local language required.
At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, ****** orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law
💡 Quick Summary
Seeking a career-building opportunity? The Finance | Accounts Receivable | Accounts Payable Bengaluru position is now open for candidates interested in the Accountant Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.