Senior Payment Processing Manager
2 weeks ago
Job Title: Senior Payment Processing Manager
Job Summary:
The Senior Payment Processing Manager at NielsenIQ is a crucial role within the Finance Operations team, focusing on the Accounts Payable Service Delivery. As a senior member of the team, you are responsible for leading and executing the day-to-day operations of the accounts payable payment processing functions. This role ensures that all payment activities are carried out with accuracy, efficiency, and compliance with all company policies and procedures.
Key Responsibilities:
- Payment Execution: Lead the execution of payment transactions, including check runs, ACH transfers, and wire transfers, ensuring all payments are processed accurately and on time. Manage electronic and manual payment systems and resolve any payment issues.
- Process Improvement: Identify and implement process improvements to increase the efficiency and accuracy of the payment processing system. Collaborate with IT and finance teams to enhance payment platforms and tools. Identify opportunities for process improvement, efficiency gains, and implement best practices and automation solutions.
- Compliance and Controls: Ensure strict adherence to internal controls and compliance with all financial policies and procedures related to payment processing. Conduct regular audits to ensure compliance and accuracy. Ensure compliance with company policies and local and international regulations.
- Vendor Management: Maintain strong relationships with vendors and internal stakeholders. Handle escalated vendor inquiries and disputes regarding payment issues. Collaborate with procurement and vendor management teams to streamline payment processes and resolve discrepancies.
- Reporting and Analysis: Generate and analyze payment reports to monitor trends, performance, and areas for improvement. Provide insights and recommendations to senior management. Generate regular reports and metrics to track payment activities.
- Team Leadership: Provide guidance and mentorship to junior team members. Oversee training and development to ensure a high-performing team. Manage to SLAs and meet KPIs.
- Month End Procedures: Ensure successful month-end closes in the SAP environment for P2P, perform month-end closing activities including expense accruals, journal entries, and reconciliation of payables-related general ledger accounts. Assist in preparing monthly, quarterly, and annual schedules and reporting packages.
- Qualifications and Skills:
- Education: Bachelor's degree in Finance, Accounting, Business Administration, or related field. Certification such as CPA or CMA is a must.
- Experience: Minimum of 5 years of experience in payment processing or accounts payable, with at least 2 years in a supervisory or senior role.
- Technical Proficiency: Advanced proficiency in payment processing software, ERP systems, and Microsoft Office Suite, particularly Excel.
- Analytical Skills: Strong analytical abilities to interpret financial data and manage financial records.
- Leadership Skills: Proven leadership and team management skills with the ability to train, mentor, and motivate team members.
- Communication Skills: Excellent communication and interpersonal skills, capable of managing relationships with internal and external stakeholders.
- Problem-Solving Abilities: Strong problem-solving skills, with the ability to handle complex issues related to payment processing.
About NielsenIQ:
NielsenIQ is the world's leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. In 2023, NielsenIQ combined with GfK, bringing together the two industry leaders with unparalleled global reach. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NielsenIQ delivers the Full View. NielsenIQ is an Advent International portfolio company with operations in 100+ markets, covering more than 90% of the world's population.
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