Job Information
nVent Accounts Payable Associate in Bangalore, Indiana
We’re looking for people who put their innovation to work to advance our success – and their own. Join an organization that ensures a more secure world through connecting and protecting our customers with inventive electrical solutions.
We’re looking for people who put their innovation work to advance our success – and their own. Join an organization that ensures a more secure world through connecting and protecting our customers with inventive electrical solutions.
What YOU WILL EXPERIENCE IN THIS POSITION:
In this position, you will get to:
Vendor Master Data Management
Verify & Maintain: Set up new vendor records (BP role) with correct payment terms, bank details, tax info, and reconciliation accounts.
Data Accuracy: Ensure all vendor data is current and accurate for seamless processing
Invoice Processing
Entry – Post vendor Invoices for all direct or Via PO Matching into SAP.
GST, RCM and TDS Applicability- To verify while posting the invoice for GST, RCM & TDS applicability.
Verification- Match Invoices to purchase order and goods receipts (3 way Match)
Coding – Assign correct general ledger (G/l) accounts.
Discrepancy Resolution: Investigating and resolving mismatches or questionable terms by collaborating with vendors and internal departments (e.g., procurement).
Vendor Communication: Responding to vendor inquiries about payment status and ensuring a reliable point of contact.
Payment Processing
Payment Runs: Generate payment proposals for approved invoices.
Complete Payments: Process payments (checks, electronic transfers) within SAP.
Cash Management: Monitor outgoing payments for efficient cash flow.
Reconciliation & Reporting
Vendor Reconciliation: Match vendor statements to SAP records and resolve discrepancies.
G/L Reconciliation: Ensure AP sub-ledger matches the general ledger.
Month-End Close: Participate in closing activities and Audit related to payables.
Compliance & Support
Policy Adherence: Ensure all processes meet internal financial policies and external tax laws.
Vendor Communication: Liaise with suppliers regarding payment status and queries.
Issue Resolution: Address blocked invoices, payment errors, and discrepancies.
Key SAP Tools/Concepts.
Accounts Payable Overview Cockpit: Dashboard for monitoring due invoices, payment status, and tasks.
You have:
Academic background as a Commerce Graduate or with equivalent experience
Previous experience in or with Fresh to 4 yrs exp in accounts payable
Skills
Strong written and verbal communication skills
First time correct approach
WE HAVE:
A dynamic global reach with diverse operations around the world that will stretch your abilities, provide plentiful career opportunities, and allow you to make an impact every day
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of systems protection and electrical connections solutions across industry-leading brands that are recognized globally for quality, reliability and innovation.
Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF and TRACHTE. Learn more at www.nvent.com .
Commitment to strengthen communities where our employees live and work
We encourage and support the philanthropic activities of our employees worldwide
Through our nVent in Action matching program, we provide funds to nonprofit and educational organizations where our employees volunteer or donate money
Core values that shape our culture and drive us to deliver the best for our employees and our customers. We’re known for being:
Innovative & adaptable
Dedicated to absolute integrity
Focused on the customer first
Respectful and team oriented
Optimistic and energizing
Accountable for performance
Benefits to support the lives of our employees
At nVent, we connect and protect our customers with inventive electrical solutions. People are our most valuable asset. Inclusion and diversity means that we celebrate and encourage each other’s authenticity because we understand that uniqueness sparks growth.
At nVent, we are committed to equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by national, federal, state or local law.