WiproSenior Associate – Accounts Payable & Receivable Specialist | Banking Operations
May. 2021 - Apr. 2023Hyderabad, Telangana, IndiaDirected end-to-end Accounts Payable and Accounts Receivable operations in a high-volume banking environment, ensuring accuracy in vendor payments, customer invoicing, reconciliations, collections, and compliance reporting. Leveraged Oracle Financials, SAP, and Advanced Excel to maintain SOX and GAAP controls, streamline workflows, and strengthen audit readiness. ◆ Executed processing and reconciliation of 1,500+ invoices monthly in Oracle Financials/SAP, applying strict 3-way matching (PO, Invoice, Receipt), approvals, and coding checks, achieving 99% accuracy and reducing discrepancies by 20%. ◆ Orchestrated weekly and monthly vendor payment runs via ACH, wire transfers, and checks, maintaining a 98% on-time payment rate and enhancing vendor satisfaction. ◆ Streamlined AR operations by issuing invoices, applying payments, and generating customer statements, leveraging Excel aging analysis to reduce overdue receivables by 15% through proactive collections. ◆ Reconciled bank accounts, vendor/customer ledgers, and GL balances in SAP/Oracle, enabling precise reporting and accelerating month-end close by 2 days. ◆ Prepared and validated 1099 vendor reporting (Third Party Payments) by maintaining W-9 documentation and reconciling annual vendor spend, supporting timely IRS submissions by the client’s tax team. ◆ Maintained and optimized vendor and customer master data in ERP systems, ensuring integrity, accuracy, and compliance with corporate and regulatory standards. ◆ Engineered Excel-based AP/AR dashboards (PivotTables, VLOOKUP, Conditional Formatting) to automate reporting, boosting efficiency by 30% and reducing manual errors by 40%. ◆ Coordinated preparation of internal and external audit documentation using SharePoint and ERP reporting tools, consistently achieving 100% audit readiness. ◆ Authored and standardized SOPs while mentoring and training new associates, driving a 25% increase in team productivity and lowering escalation rates.