Ap Specialist Bank Reconciliation

Prakash Waghmare

Email ID: *********@*****.***

Contact Number: +91-784******* / 957-***-****

Career Objective

To work in a creative, innovative and challenging environment and to help the organization achieve its objective in the most efficient manner by applying my skills and abilities and thereby grow with the Organization.

Career Summary

Have excellent knowledge of Global Payments, Payroll, Treasury, T&E, Bank Reconciliation, Vendor Management, Invoice processing, Escalations Handling, Hold resolutions and JEs booking.

Expert in managing query resolution by teams for internal and external Vendors.

PROFESSIONAL PROFILE

Currently working with EVERSANA INDIA as Senior AP Specialist (End to End process) from Sep 2023.

Key Responsibility Areas:

Perform daily, weekly pay runs for ACH, Wire, Global ACH, Checks payments.

Process Manual payment transactions including checking for errors, batch payment runs and uploading into bank portal.

Process Payroll and T&E payments including employee setup and modification, review and validate claims, release/reject payments.

Handle Team – Allocate daily work to team, maintain leave tracker, month end activities allocate with team and complete within timeline.

Process PO / Non-PO invoices for vendors, Employees and Intercompany.

Respond to Vendors and Internal Clients payment inquiries.

Maintain and update vendor master data.

Handle month end AP close process, reconciliation, related analysis and reporting.

Identify, analyze and resolve issues related to payment failures.

Support to bank traces, payment inquiries investigations with data analyses.

Responsible for all regular/exception payments, transfers, swifts, offsets, intercompany payments. Ensuring payments are made efficiently and within the deadline

Liaising with the FX department to ensure that all foreign currency payments are made with the correct FX rates and have sufficient balance to make the payment.

Delivery high level customer service within responsible areas.

Support to Treasury Team for urgent payments, Vendor bank verification, banking set up.

ORGANISATIONAL EXPERIENCE

Oct 2021 to Sep 2023: Coupa Software as Specialist.

Key Responsibility Areas:

Process: - Global Payments Team: worked on systems - NetSuite, TM5, Bank Portals, FloQast.

Delivery of assigned treasury operational deliveries (Cash projections/Payments/Wires/ACH/Reconciliation/JEs Booking) as per SLA.

Process GST, VAT and WHT payments and reporting.

Handle UK VAT / Tax payments.

Respond to vendor inquiries relating to invoices and payments.

Involve in preparation of cash forecast and monitor adequacy of funds to meet vendor payments.

Handle month end AP close process, reconciliation.

Liquidity follow-up, forecasting, and Cash management

Manage daily cash positions and funding with the JPMC bank account structure, including the Canadian bank accounts, prepare daily cash/liquidity report.

Record monthly journal entries for all cash, Payroll Vat and Tax related activities.

July 2015 to Oct 2021: Eaton Technologies Pvt Ltd as Analyst.

Key Responsibility Areas:

Process: - Payment Processing & Bank Reconciliation for EMEA, North America region (SAP & Oracle):

Handle Americas Payment processing to vendors, suppliers and employees with various banking platform e.g. Citi direct, Autobahn DB, JP Morgan, Bank of America etc. (ACH, Checks, EFT and Wire payments).

Prepare daily Transmittal and coordinate with Treasury Team to funds available in bank.

Handle payments direct queries raised by the bank and business partners.

Support the monthly engagement call with the Clients, GL team on Recon related KPI's.

Perform major Pay run and FX Wire pay run for Supplier, Rent, Travel Expenses and Managers Checks Payment groups.

Prepare and Perform Intercompany Netting payments on monthly basis.

Monitor returned payments and investigate the reasons for rejections. Void returned payments and informed to Suppliers / Plant.

Identify open items and take it up with relevant teams to get closure before month end to ensure no open item after close is over.

May 2011 to June 2015: Steria India Ltd as Accounts Payable Associate for NHS client

Key Responsibility Areas:

Worked for UK based Finance & Accounting Accounts Payable Process.

Created Supplier set up, bank details updating, sites creations, payment address updated.

Indexing of Invoices, Verifying of Invoices

Matching of invoices: 2-way match, 3way match.

Dispute handling with respect to vendor complains.

Academia

Bachelor’s Degree in commerce from Pune University, Maharashtra, India.

Personal Details

Languages known: Hindi, English, Marathi.

Date of Birth: 12/12/1984.

Address: 336A,Jogeshwari Suncity, Kesnand road, Wagholi, Pune - 412207.

Date: Prakash B. Waghmare.

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