Accounts Payable Executive

ob Title

Process Executive II Payment Processing (Accounts Payable)

Job Category

Finance & Accounting

Location

Bangalore, India

Employment Type

Full Time

Company Overview

Fossil Group is a global retailer specializing in the design, innovation, and marketing of fashion lifestyle and accessory products. At the heart of Fossil Group's vision is a commitment to fostering creativity and delivering the best in design through its three core businesses: the Fossil brand, the Skagen brand, and a multi-brand watch portfolio. This portfolio includes Armani Exchange, Diesel, DKNY, Emporio Armani, Kate Spade, Marc Jacobs, Michael Kors, Michele, Relic, Tory Burch, and Zodiac.

Purpose of the Role

We are seeking a finance professional with experience in Vendor Payment Processing and Accounts Payable. The role is responsible for executing vendor payments, preparing payment runs, ensuring payment accuracy, maintaining banking compliance, and supporting cash management activities while adhering to internal controls and payment schedules.

Key Responsibilities

Execute Vendor Payment Processing through ACH, Wire Transfers, NEFT, RTGS, SWIFT, and other approved payment methods.

Prepare and validate Payment Runs in ERP systems and banking portals.

Review vendor open items and ensure payments are released as per agreed payment terms.

Perform Bank Account Verification and payment validation to prevent fraud.

Process payment-related journal entries and maintain payment records.

Coordinate with Treasury, Accounts Payable, Procurement, and Banking Partners for payment execution.

Investigate and resolve payment failures, rejected payments, and banking exceptions.

Perform daily Bank Reconciliations and payment reconciliations.

Maintain payment trackers and cash outflow reports.

Support month-end closing activities and audit requirements.

Ensure compliance with company policies, banking regulations, internal controls, and payment governance.

Participate in process improvement initiatives to enhance payment efficiency and accuracy.

Required Skills & Experience

Bachelor's Degree in Commerce, Finance, Accounting, or related discipline.

2–4 years of experience in Accounts Payable, Payment Processing, Treasury Operations, or Finance Shared Services.

Experience working with SAP, Oracle, Navision, or similar ERP systems.

Knowledge of Vendor Payments, Payment Runs, ACH, Wire Transfers, SWIFT, Bank Reconciliation, Vendor Reconciliation, Electronic Funds Transfer, and Payment Processing.

Working knowledge of MS Excel.

Strong analytical skills and attention to detail.

Excellent communication and stakeholder management skills.