Morgan Stanley

Director - Accounts Payable & Receivables ( Corporate Services)

Posted On

Dec. 5, 2024

Location

Bengaluru, Karnataka

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Jan. 1, 2025

Job Description

Accounts Payable /Receivable - Director - Human Capital Mgmt & Corp Svcs

Profile Description

We’re seeking someone to join our team as Accounts Payable & Receivables - Director -to oversee critical functions within our Accounts Payable department. The primary responsibilities of this role include managing the vendor setup and callback verification process, handling 1099 and 1042S filings with the IRS and conducting OFAC screening for vendors. The ideal candidate will have a strong background in Accounts Payable operations.

Corporate & Enterprise Services

In the Corporate & Enterprise Services division, we provide solutions that enable Morgan Stanley’s workforce, across our global workplace locations, to effectively and efficiently work in the service of our clients

Business Audit

This is a Director position within Sourcing / Procurement, which is responsible for procurement (e.g., purchasing and supply chain activities), as well as vendor management (e.g., business requirements gathering, sourcing strategy, competitive and market assessments, negotiation, contracting, and relationships associated with outsourced services).

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

At Morgan Stanley India, we support the Firm’s global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm’s infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there’s ample opportunity to move across the businesses for those who show passion and grit in their work.

What you’ll do in the role:

• Provide supervisory oversight of the outsourced supplier.
• Ensure that the outsourced supplier is complying with the agreed upon service levels and performance standards.
• Conduct Daily/Weekly/Monthly performance reviews of the Procure to Pay (P2P) process
• Review the Vendor Discount Program and various other ad hoc operational activities and projects.
• Maintaining and updating the risk profiles in the risk assessment systems and communicating changes of internal controls and policies to the outsourced provider.
• Monitor and manage the P2P operational reports and work with the business units and suppliers to resolve invoice and payment disputes or expedite payments.
• Responsible for maintaining and updating team process documentation & opportunities to enhance process efficiencies.
• Help with Indirect Tax compliance processes, preparing reports and supporting information required to support the Indirect Tax classification and journals.
• Monthly supervisory review to check authorized signatory requests are approved by the appropriate contacted and approval limits are updated within the system.
• Liaison with internal and external clients, communicate any process and regulatory changes that may impact the Accounts Payable functions. Governance Manager will have regular meetings/calls with key BU stakeholders.
• Govern the Vendor Setup and Call Back Verification process.
         o Assign workload to team members.
         o Assist the Business in raising tickets and deal with any escalating matters.
         o Monitor the aged items in APEX and discuss / address with ODC.
• Support and drive process changes, initiate system upgrades. Process changes can be initiated by the vendor but needs to be reviewed and signoff by Governance team.

What you’ll bring to the role:

•   5-7 years of Accounts Payable experience.
•   Proven experience in managing Accounts Payable functions.
•   Excellent analytical, problem solving and decision-making skills.
•   Effective communicator with client facing experience. Good facilitator, confident in working with others at all levels.
•   Very strong team player who is comfortable multi-tasking and works well under pressure.
•   Bachelor's Degree preferably in Accounting, Finance or Business Administration
•   Strong PC skills in use of Microsoft products. i.e. Excel, PowerPoint.
•   Strong work ethic and drive and attention to details

What you can expect from Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. Our Firm is differentiated by the caliber of our diverse team, while our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.

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