Finance & Accounts - Accounting

About The Opportunity

Role: Accounting & Reconciliation

Level: Executive / Senior Executive

Reporting to: Manager - Finance & Accounts

Location: Gurugram

About The Function

The Finance function serves as a cornerstone in driving financial strategy, overseeing revenue accounting, reconciliation, and reporting. It collaborates closely with the business team and plays a crucial role in syncing revenue numbers, addressing day-to-day operational challenges, and ensuring the timely handling of monthly/quarterly/annual reporting and audits.

About The Role

In this role, you will be responsible for managing the financial transactions related to accounts payable within the organization. You will respond to both verbal and written queries from hotel partners.

You will play a pivotal role in handling all payment-related inquiries and associated sub processes within the organization. MMT provides an array of services such as Pay at Hotel, Book Now Pay Later and Prepaid to both consumers and hotel partners.

Thus, this will be your task to respond to the hotel partners/internal employee’s financial queries and to understand financial terminologies. The ideal candidate embodies versatility, serving as a jack of all trades in payment operations, adept at managing diverse tasks and collaborating with multiple stakeholders.

What Will You Be Doing

Payment Processing: Handling payment processing tasks, including but not limited to invoice verification, payment scheduling, reconciliation, and validation of financial transactions. Maintain accurate records of payment transactions and monitor payment deadlines.

Vendor Management: Establish and maintain positive relationships with vendors and suppliers. Address inquiries or concerns from vendors regarding payment status or discrepancies. Negotiate payment terms wherever applicable to make payments streamline.

Reporting: Generate reports on accounts payable activities as required by management. Provide analysis and insights into payables trends, outstanding balances, and payment schedules.

Compliance: Adhere to internal accounting policies and procedures. Stay updated on relevant regulations and compliance requirements in the travel industry. Assist in audits and compliance reviews as necessary.

Payment Query Resolution: Respond promptly to payment-related queries from internal stakeholders and vendors, ensuring accurate and satisfactory resolution while adhering to service level agreements (SLAs).

Investigation and Analysis: Investigate discrepancies, errors, or issues related to payments, utilizing analytical skills to identify root causes and implement corrective actions to prevent recurrence.

Customer Service: Provide exceptional customer service by addressing inquiries courteously, professionally, and efficiently, maintaining a positive rapport with stakeholders and fostering strong relationships.

Process Improvement: Collaborate with cross-functional teams to identify opportunities for streamlining payment processes, enhancing efficiency, and implementing best practices to optimize the payment query resolution workflow.

System Management: Navigate and utilize various payment systems, software applications, and databases proficiently to access information, update records, and facilitate query resolution.

Ad Hoc Tasks: Assist in ad hoc projects, assignments, or tasks as assigned by management, demonstrating flexibility and willingness to contribute to the overall success of the payments function.

Qualification & Experience

B.com graduates, with an MBA in finance, who possess 2-5 years of experience in the field of Finance and Accounts and demonstrate a ready-to-learn attitude.

Key Success Factors For The Role

A solid understanding of accounting principles and financial reporting standards. The ability to analyze financial data, interpret trends, and make recommendations based on analysis. Strong communication skills, Influencing skills, great interpersonal & stakeholder management skills. High on energy, team player coupled with a great attitude