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7 V.Ships Jobs

Team Leader - Vessel Accounting- Supplier Recon

10-15 years

Mumbai, Mumbai Suburban, Mumbai

1 vacancy

Team Leader - Vessel Accounting- Supplier Recon

V.Ships

posted 1mon ago

Job Description

KEY RESPONSIBILITIES and TASKS:

1. Supplier Reconciliation & Financial Accuracy

  • Manage the end-to-end supplier reconciliation process, ensuring accurate matching of invoices,
  • payments, and purchase orders.
  • Identify and resolve discrepancies between supplier statements and company records, including
  • missing invoices, duplicate payments, and incorrect amounts.
  • Ensure timely supplier payments by verifying outstanding balances and coordinating with the
  • accounts payable team.
  • Monitor and reconcile supplier aging reports, ensuring outstanding balances are accurately recorded
  • and resolved.
  • Coordinate with suppliers to address disputes, discrepancies, and overdue payments, ensuring
  • smooth financial transactions.
  • Review and validate credit notes, debit notes, and adjustments to ensure accurate financial reporting.

2. Process Improvement & Automation

  • Evaluate existing reconciliation processes and recommend improvements to enhance efficiency and
  • accuracy.
  • Implement automation tools and technology to reduce manual reconciliation efforts and improve data
  • accuracy.
  • Develop and maintain standard operating procedures (SOPs) to ensure consistency in reconciliation
  • tasks across the team.
  • Work closely with IT and Finance teams to integrate system enhancements that streamline
  • reconciliation and payment processes.
  • Regularly review reconciliation methodologies to align with best practices and industry standards.

3. Stakeholder Collaboration & Communication

  • Act as the primary liaison between the finance team, procurement, accounts payable, and suppliers
  • for reconciliation-related matters.
  • Ensure smooth communication with suppliers to address concerns, clarify invoice details, and resolve
  • outstanding issues.
  • Work closely with internal finance teams to ensure timely processing of supplier payments and proper
  • documentation.
  • Collaborate with procurement teams to verify contract terms and ensure supplier invoices align with purchase orders. • Provide regular reports and updates to senior management, highlighting reconciliation progress, unresolved issues, and improvement opportunities. • Train and mentor junior finance professionals on supplier reconciliation best practices and financial controls.
  • 4. Compliance, Risk Management & Audit Support
  • Ensure all supplier reconciliation activities adhere to company policies, financial regulations, and contract terms.
  • Identify financial risks and discrepancies that may lead to financial losses or compliance violations.
  • Maintain detailed documentation of all reconciliation activities to ensure an audit-ready environment.
  • Support internal and external audits by providing reconciled supplier statements, payment records, and other financial documents.
  • Implement financial controls to minimize errors, fraud risks, and unauthorized supplier transactions.


Employment Type: Full Time, Permanent

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What people at V.Ships are saying

Team Lead salary at V.Ships

reported by 11 employees with 8-14 years exp.
₹8 L/yr - ₹12.5 L/yr
10% more than the average Team Lead Salary in India
View more details

What V.Ships employees are saying about work life

based on 113 employees
52%
57%
50%
97%
Flexible timing
Monday to Friday
International travel
Day Shift
View more insights

V.Ships Benefits

Job Training
Free Transport
Health Insurance
Free Food
Gymnasium
Soft Skill Training +6 more
View more benefits

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