Associate | Accounts Payable |amp| Receivable

The Senior AP AR Specialist designs and ensures compliance with accounts payable and receivable process including invoice verification, payment authorization and processing, and reconciliation of all accounts balances. Working independently under limited supervision, this job assesses invoice and payment discrepancies and verifies customer credit approval. This job also provides reports on receivable age analysis.

Key Responsibilities and Duties
• Ensures payment of bills and invoices are in accordance with established methods and procedures to reduce any discrepancies in accounting records.
• Processes, analyzes, and maintains accurate records of all accounts payable and accounts receivable transactions and confirms purchase approvals.
• Analyzes the reconciliation of account balances and payable ledgers to identify improper charges and eliminate any invoice and payment discrepancies.
• Ensures timely and accurate processing and payment of invoices, expense vouchers, computing discounts, coding expenses, receiving and posting cash receipts, reconciling outstanding account balances, posting entries, and the maintenance of accurate accounting records.
• Receives and posts cash receipts and reconciles outstanding account balances to maintain accurate accounting records.
• Updates or recommends improvements to internal processes for effectiveness of the organization.
• Organizes the accounts payable and accounts receivable processes, aiming at guaranteeing that payments and collections are made within the agreed terms and in conformity to company’s procedures.
Educational Requirements
• University (Degree) Preferred
Work Experience
• 3+ Years Required; 5+ Years Preferred
Physical Requirements
• Physical Requirements: Sedentary Work

Career Level
7IC

Overview of the Role: The Billing Assistant will be responsible for assisting with the corporate invoicing and fund recoverable processes, maintaining complete and accurate accounting records, assist in system maintenance and automation, and assisting in financial control, including month-end and year-end close processes.

Key responsibilities will include:

Invoicing & Debtors
• Assist with the monthly revenue invoicing process, including liaising with fund teams and monitoring changes in fund AUM and management agreements;
• Work with the VAT team to ensure invoices all reflect the correct VAT treatment and ensure they sign-off on any new fees before they are raised.
• Ensure all revenue invoices are processed in a timely manner, including the preparation of invoice journals, for upload into the General Ledger system, on a weekly basis for review by the Revenue Billing Manager;
• Monitor the receivables ledger and assist with chasing outstanding debtors including liaising with fund and accounts payable teams; and
• Liaise with the cash team to ensure invoice payments are correctly matched with outstanding invoices.
• Maintaining up to date accounts within Advantage, including the set-up of new billing entities, for review by the Revenue Billing Manager.
• Prepare the monthly debtors pack for review by the Revenue Billing Manager.

Fund Recoverable Costs
• Assist with the monthly collation and review of recoverable costs, including liaising with fund teams to confirm recoverability and providing additional information where required;
• Raising invoices for all recoverable costs and working with the fund teams to ensure timely settlement;
• Ensure recoverable balances are correctly reflected in the General Ledger; and
• Prepare the monthly Receivables pack for review by the Revenue Billing Manager.

Financial Control
• Weekly reconciliations of invoice payments posted into CODA and reviews of the revenue invoices uploaded.
• Assist with the month-end reporting procedures, including the preparation of revenue accruals;
• Assist the group finance team with monthly balance sheet reconciliations as and when required; and
• Work with the wider Corporate Finance team to deliver an efficient year-end audit process, including assisting with the preparation of audit files and liaising with the audit team to clear any queries raised.

Competencies Required
• Strong communication skills.
• Enthusiastic and self-motivated;
• Attention to detail and well organized.
• Proficiency in Microsoft Excel.
• Experience in using Advantage and Coda would be helpful, but not essential;
• Act in line with Nuveen’s Values.

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Company Overview

TIAA GBS India was established in 2016 with a mission to tap into a vast pool of talent, reduce risk by insourcing key platforms and processes, as well as contribute to innovation with a focus on enhancing our technology stack. TIAA GBS India is focused on building a scalable and sustainable organization , with a focus on technology , operations and expanding into the shared services business space.

Working closely with our U.S. colleagues and other partners, our goal is to reduce risk, improve the efficiency of our technology and processes and develop innovative ideas to increase throughput and productivity.

We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, ****** orientation, gender identity, or any other protected status.

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Phone: (800) 842-2755

Email: accessibility.support@tiaa.org

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