With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 9,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $1.9 billion in revenues in fiscal 2020. Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube.

Company Website: www.kennametal.com

Job Position: Accounts Payable & Receivable

Job Location: Bangalore

Qualification: B.Com/BBA/MBA

Job Summary  

We are now establishing our new Accounting Share Service Center in Bangalore to support AP/AR/R2R responsibility. If you are familiar or experienced in either AP, AR, and R2R, welcome to explore further with us. Detailed responsibilities as below

Accounts Payable

1. PO and Non-PO based Invoice verification (3-way matching ) and posting.
2. Vendor A/c Creation / Modification.
3. Coordinate with Purchase to resolve any PO /contract /invoice /GR related issues
4. Execute Credit /Debits notes to the vendors
5. Receive /Verify and Pay the employee expense statements
6. Schedule and Execute payment cycles as per company policies/guidelines
7. Monthly/Quarterly reconciliation of vendor accounts
8. MIS related to the P2P process such as invoices received vs booked, Errors in the invoices, PO penetration, open issues, duplicate invoices, etc
9. Internal /External Audit support

Accounts Receivables

1. Customer master creation/changes to customer master data
2. Credit Control /Review
3. Customer communication and follow up for collections
4. Application of cash on a daily basis at the customer level as required ( cash/bank drafts).
5. Customer Balance confirmation.
6. Monitoring of Past dues and critical analysis of Drivers.
7. Monitoring of DSO parameters.
8. Clearing intercompany collections
9. Internal /External Audit support

R2R

1. Prepare manual GL journal entries, review system generated journal entries and propose adjustment if necessary
2. Perform month-end closing activities, including closing checklist preparation
3. Settlement of Internal Orders for WIP.
4. Reconciliation of Inventory (Subledger and GL)
5. Preparation of Bank Reconciliation Statements
6. GL A/c Reconciliation
7. Fixed Assets Reconciliations
8. Interco Reconciliation and Balance confirmation
9. Raising of Debit Notes/Credit Notes
10. Generate and review TB, BS and P&L for statutory purposes
11. Preparation and circulation of various financial and business reports on daily /Quarterly basis /Annual basis
12. Internal /External Audit support

Academic/Skills Required

1. College Graduates with majors in Accounting /Finance /Commerce (B.COM / BBA/ MBA for India)
2. 1-2 years of work experience in GL/R2R/AP/AR in a reputed /multinational company (shared  service environment is preferred )
3. Knowledge of US GAAP, Local/country-specific accounting standards, and related statutory regulations
4. Proficient in MS Office, SAP (is an advantage, not a mandatory requirement)
5. Good communication and analytical skills.
6. Ability and keenness to learn new areas

Job Segment: Engineer, ERP, Social Media, SAP, Operations, Engineering, Marketing, Technology

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