AP Payments and Reconciliation Business Analyst
- Recruiter
- Amazon.
- Location
- Hyderabad, Andhra Pradesh, India
- Salary
- Competitive salary
- Posted
- 26 Nov 2020
- Closes
- 01 Dec 2020
- Ref
- 1327592
- Job role
- Business analyst, CFO
- Experience level
- Qualified accountant
Description:
Amazon is looking for a smart, motivated, and driven Financial Analyst to join the Finance Operations Global Programs Org. Cash applications and related reconciliations has been a critical driver impacting revenue recognition, financial statements and the overall Procure to Pay process, the individual joining this position would require a deep understanding of the AP and AR functions impacting cash and end to end accounting, high judgment, focus on speed and accuracy, and an ability to balance customer experience with financial impact; the position also offers broad exposure to various business and technical teams within Amazon as well as the unique visibility to cross functional work such as AP /AR/Banks and FOAA on day to day basis.
The successful candidate will have a passion for working around data and systems including financial accounting, cash applications , accruals and reporting and driving improvements in existing solutions and process. You need have a strong attention to detail and a passion for providing reports and other business intelligence that is timely, accurate, and actionable and work with the global finance teams and external teams including banks and technology groups. You are comfortable analyzing data from multiple sources to create strategic recommendations in a thoughtful, concise manner and obtaining organizational buy-in at senior levels and are well-organized, can manage multiple analyses/projects simultaneously, and is intellectually curious.
Responsibilities include-
• Daily deep dives and identification of AP cash receipts and applying them on a timely manner including accounting and adherence to the related policies.
Working with Accounting/FOAA teams to close the open cash entry and journalizing them in the financials.
Network with Fincom and related teams including Bank/AR/AP and drive the appropriate action to close unapplied cash and improve on the TAT and increased controllership over cash receipts.
Support month end/quarter end cash flows and cash in transit from fin-ops stand point.
Enhance the debit balance net off program and support expansion of the program globally.
Developing detailed reviews and reconciliations between vendor statements and Amazon payments and bank accounts.
Working with internal teams, e.g., accounting, to make sure Amazon financials are correct and accurate.
• Engage with vendor managers and internal teams to streamline business processes and operations to reduce vendor friction while maintaining exceptional Amazon controllership.
Develop processes and controls around direct debits and understand process risks and suggest mitigating controls and support bank migrations.
Support and enhance financial measurements and reporting systems including pro- active reviews of account health and goals.
Basic Qualifications:
Bachelor's degree in Business Administration, Finance, Accounting or any related field from an accredited institution.
3+ years of experience as a Financial Analyst, Business Analyst, Reconciliation focal or Accountant with AP/AR knowledge.
Proven analytical and quantitative skills (includes the ability to effectively use tools such as Excel, Access, Tableau ) and an ability to use data and metrics to back up assumptions, develop business cases, and complete root cause analyses
Strong verbal and written communication & data presentation skills, including an ability to effectively communicate with both business and technical teams
Experience managing multiple competing priorities and projects in a fast-paced environment
Preferred Qualifications:
- 3+ years of professional experience in process improvement activities, e.g., six sigma related projects and methodologies
- Accounting/Bank reconciliation experience
- AP/AR and accounting knowledge
- Any technical analytic tool knowledge
- Oracle or other ERP financial systems knowledge
Amazon is looking for a smart, motivated, and driven Financial Analyst to join the Finance Operations Global Programs Org. Cash applications and related reconciliations has been a critical driver impacting revenue recognition, financial statements and the overall Procure to Pay process, the individual joining this position would require a deep understanding of the AP and AR functions impacting cash and end to end accounting, high judgment, focus on speed and accuracy, and an ability to balance customer experience with financial impact; the position also offers broad exposure to various business and technical teams within Amazon as well as the unique visibility to cross functional work such as AP /AR/Banks and FOAA on day to day basis.
The successful candidate will have a passion for working around data and systems including financial accounting, cash applications , accruals and reporting and driving improvements in existing solutions and process. You need have a strong attention to detail and a passion for providing reports and other business intelligence that is timely, accurate, and actionable and work with the global finance teams and external teams including banks and technology groups. You are comfortable analyzing data from multiple sources to create strategic recommendations in a thoughtful, concise manner and obtaining organizational buy-in at senior levels and are well-organized, can manage multiple analyses/projects simultaneously, and is intellectually curious.
Responsibilities include-
• Daily deep dives and identification of AP cash receipts and applying them on a timely manner including accounting and adherence to the related policies.
Working with Accounting/FOAA teams to close the open cash entry and journalizing them in the financials.
Network with Fincom and related teams including Bank/AR/AP and drive the appropriate action to close unapplied cash and improve on the TAT and increased controllership over cash receipts.
Support month end/quarter end cash flows and cash in transit from fin-ops stand point.
Enhance the debit balance net off program and support expansion of the program globally.
Developing detailed reviews and reconciliations between vendor statements and Amazon payments and bank accounts.
Working with internal teams, e.g., accounting, to make sure Amazon financials are correct and accurate.
• Engage with vendor managers and internal teams to streamline business processes and operations to reduce vendor friction while maintaining exceptional Amazon controllership.
Develop processes and controls around direct debits and understand process risks and suggest mitigating controls and support bank migrations.
Support and enhance financial measurements and reporting systems including pro- active reviews of account health and goals.
Basic Qualifications:
Bachelor's degree in Business Administration, Finance, Accounting or any related field from an accredited institution.
3+ years of experience as a Financial Analyst, Business Analyst, Reconciliation focal or Accountant with AP/AR knowledge.
Proven analytical and quantitative skills (includes the ability to effectively use tools such as Excel, Access, Tableau ) and an ability to use data and metrics to back up assumptions, develop business cases, and complete root cause analyses
Strong verbal and written communication & data presentation skills, including an ability to effectively communicate with both business and technical teams
Experience managing multiple competing priorities and projects in a fast-paced environment
Preferred Qualifications:
- 3+ years of professional experience in process improvement activities, e.g., six sigma related projects and methodologies
- Accounting/Bank reconciliation experience
- AP/AR and accounting knowledge
- Any technical analytic tool knowledge
- Oracle or other ERP financial systems knowledge