Relocation Assistance Offered Within Country Job Number #167068 - Mumbai, Maharashtra, India **Who We Are** Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specializing in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name! Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values—Caring, Inclusive, and Courageous—we foster a culture that inspires our people to achieve common goals. Together, let's build a brighter, healthier future for all. **About Colgate-Palmolive** Do you want to come to work with a smile and leave with one as well? In between those smiles, your day consists of connecting with others across the world, full of stimulating discussions, and making impactful contributions! If this is how you see your career, Colgate is the place to be! Our diligent household brands, dedicated employees, and sustainability commitments make us a company passionate about building a future to smile about for our employees, consumers, and surrounding communities. We win as a global organization by continually learning and collaborating. The pride in our brand fuels a workplace that encourages creative thinking, champions experimentation, and promotes authenticity which has contributed to our enduring success. If you want to work for a company that lives by their values, then give your career a reason to smile...every single day. **The Experience:** In today's multifaceted Fin-Tech environment, it's an exciting time to be part of the Accounts Payable team at Colgate! Our Finance experts and innovative team is dedicated to driving growth for Colgate Palmolive in this constantly evolving landscape. **What role will you play as a member of Colgate’s Accounts Payable team?** We are seeking a skilled and experienced Accounts Payable Specialist to join our team. The successful candidate will be responsible for managing the full accounts payable cycle and ensuring timely and accurate payment processing. Key responsibilities include overseeing invoice processing, managing vendor relationships, and maintaining compliance with financial policies and procedures. Additionally, proficiency in accounting software and skills in financial reporting would be highly beneficial. The Accounts Payable Specialist should be experienced in financial operations, vendor management, and implementing process improvements to enhance efficiency and accuracy. The candidate should be comfortable in playing a lead role towards the evolution of financial processes across the global footprint. **Who are you…** **You are a function expert -** This position is for an individual contributor who would be responsible for the following: + Invoice Processing & Verification: Review, verify, and post both PO (Purchase Order) and NPO (Non-Purchase Order) invoices from third parties and intercompany accounts Evaluate business requests for invoice and payment processing to ensure timely and accurate execution. + Tax Compliance: Ensure that the appropriate Goods and Services Tax and Withholding rates are applied accurately. + Financial Closing : Understand and record Goods in Transit and accrual entries during Month/Quarter closing of books, ensuring accurate period-end financial statements. + Reconciliation & Reporting: Perform intercompany reconciliations and follow up on aged items for resolution and settlement. Conduct vendor account reconciliations, resolve discrepancies, and obtain required approvals. Generate, analyze, and clear the GRIR (Goods Received/Invoice Received) report. Analyze and resolve issues related to old vendor balances and debit balances. Review open Purchase Orders, highlighting any exceptions that need immediate attention. + Payment Processing: Review, prepare, and validate payment proposals. Conduct duplicate invoice checks to prevent erroneous transactions. + Internal Controls & Compliance: Ensure that adequate controls are maintained throughout the process to safeguard financial integrity. Prepare and maintain documentation for SOX compliance and support audit activities with timely resolution of queries. + MIS & Continuous Improvement: Prepare comprehensive MIS reports for Business Engagement Meetings. Initiate and participate in continuous improvement projects to optimize process efficiency and effectiveness. + Support & Issue Resolution: Provide support to address supplier and internal customer inquiries. Ensure the timely resolution of audit queries while adhering to established compliance standards. **You connect the dots -** + Your proficiency in managing accounts payable, coupled with your expertise in developing efficient processes, will bridge the gap between financial requirements and technical implementation. + You will connect the dots by aligning accounts payable configurations with overarching financial objectives, ensuring that our vendor accounts are effectively managed and payments are timely. **You are a collaborator -** + Your expertise and insights as an Accounts Payable Specialist will be instrumental in driving the success of our financial operations and their integration into our workflows. + You will work closely with finance & other departments to develop and implement robust processes. **You are an innovator -** + You will spearhead transformative initiatives that push the boundaries of what's possible with accounts payable and beyond. + Your innovative approach will drive the evolution of our financial processes, from introducing efficient features to devising novel approaches for invoice processing and vendor management. + Your ability to think with a financial mindset and build processes from a financial perspective sets you apart as a true innovator. **What you’ll need…. (Required)** + Bachelor's degree required or equivalent in Finance & Accounts + Minimum 2+ years of proven experience working in accounts payable or a similar role + Strong understanding of accounts payable processes and best practices + Proficient in utilizing accounting software for invoice processing and payment management + Understanding of financial compliance and reporting standards + Excellent documentation skills for crafting comprehensive documentation to facilitate knowledge sharing and adherence to industry standards. + Ability to troubleshoot and resolve issues independently. + Strong communication and collaboration skills. **What you’ll need… (Preferred):** + SAP Experience, Knowledge of Google suite, MS office + Knowledge of financial principles and practices. + Working knowledge of Goods & Services Tax and withholding tax ACT **Our Commitment to Diversity, Equity & Inclusion** Achieving our purpose starts with our people — ensuring our workforce represents the people and communities we serve —and creating an environment where our people feel they belong; where we can be our authentic selves, feel treated with respect and have the support of leadership to impact the business in a meaningful way. **Equal Opportunity Employer** Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law. Reasonable accommodation during the application process is available for persons with disabilities. Please complete this request form (https://docs.google.com/forms/d/e/1FAIpQLSdaxk\_eF4utznQoVHlxmL9jVFJbOkM4Oe5CAdKOg-h9EPdLfg/viewform) should you require accommodation. \#LI-Hybrid