Welspun World
Website:
welspun.com
Job details:
About Welspun
Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.
At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.
Job Purpose/ Summary
Executing and managing timely and accurate disbursement of company payments, including vendor invoices, statutory dues, reimbursements, and other payable obligations.
Job Title
Business Analyst
Job Description
Process and execute payments to vendors, service providers, employees, and statutory bodies (GST, PF, TDS, etc.. as per defined schedules and approvals. Verify payment requests, invoices, and supporting documentation for accuracy and completeness. Ensure payments are aligned with company policies, contracts, and applicable regulatory requirements. Maintain records of all payments processed and ensure proper documentation for audit purposes. Coordinate with internal departments (e.g., Procurement, HR. and external vendors to resolve discrepancies or delays in payments. Update and reconcile payment data in accounting or ERP systems. Monitor bank account balances and coordinate fund transfers as needed to meet payment obligations. Prepare daily/weekly/monthly payment reports and assist with cash flow planning. Support statutory audits, internal audits, and compliance reporting related to payment processing. Maintain confidentiality and security of financial data.
Principal Accountabilities
Process vendor payments efficiently and accurately ensuring all transactions are completed in a timely mannerbr Handle statutory payments with precision adhering to all relevant regulations and deadlinesbr Verify and validate payment requests to ensure accuracy and compliance with company policiesbr Maintain comprehensive and uptodate payment records for audit and reporting purposesbr Coordinate with banks and manage portal operations to facilitate seamless payment processesbr Conduct daily reconciliation and reporting to monitor financial transactions and resolve discrepanciesbr Support cash flow management by providing accurate financial data and insightsbr Ensure compliance with company policies and banking standards mitigating risks and maintaining integritybr Liaise with internal teams and external parties to foster effective communication and collaborationbr Support internal and external audits by providing necessary documentation and insights
Key Interactions
Stakeholder Engagement ,Client Relations ,Quality Assurance
Experience
2
Competency Name
Competency Name Proficiency Level Business & Commercial acumenExpert EntrepreneurshipExpert Global Mind-setExpert People ExcellenceExpert Payment ProcessingExpert BudgetExpert Project EstimationsExpert Treasury & FinanceExpert Financial and Commercial AcumenExpert SAP \/ Other IT Related applications_Sup_MerchExpert SAP \/ Other IT Related applications_Sup_MerchExpert Finance and Accounting Knowledge \/ Banking StandardsExpert
Additional Section (Can Be Added, If Required.
NA
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