Analyst Merch Payable

Role overview

Analyst Merch Payable at Target

Employment details

• Location: Bangalore [India]

About the employer

• Target is an iconic brand, a Fortune 50 company and one of America’s leading retailers.
• Right on pace with Target’s distinctive retail brand, Target Finance and Accounting are transforming for the better.
• As so much more than a behind-the-scenes number-cruncher, you will be a truly collaborative partner with a seat at the table.
• You’ll bring your unique point of view, experience and passion for the work to your team and internal clients.
• Within Accounting, you’ll enjoy the interesting challenges of the competitive retail space, and you’ll have a 360-degree impact—rather than on just one part of the business.
• You’ll see your contributions come to life in virtually every area of this dynamic enterprise.
• And you’ll grow and be challenged in your career while having a healthy balance with life outside of work.
• A role in the Controller’s Group/Finance Ops calls on your skills for quality financial and inventory reporting and accurate financials and technical accounting while providing thoughtful and responsive support, expertise and guidance to business partners.
• Your role will be critical to ensuring the success of Target’s business initiatives and core retail operations.
• A role with Merchandise Payables reconciling store/DC invoices for prompt and accurate payment.
• This individual will provide extraordinary customer service to vendors and merchants by researching, resolving, and negotiating disputes relating to deductions from invoice payments in a thorough and timely manner, while ensuring protection of company assets.
• Use your skills, experience and talents to be a part of groundbreaking thinking and visionary goals.
• As a
• Analyst Merch Payable you’ll have the opportunity to
• Primary function - Act as the point of contact for escalated issues on the team.
• Develop consistent process documentation.
• Timely, accurate payment to Vendors through data analysis, problem solving, initiative, leadership and good communication.
• Complete weekly/monthly reporting and special projects as assigned by Supervisor or Manager.
• Vendor Relations - Provides extraordinary customer service to vendors and merchants by resolving disputes.
• Researches all items disputed relating to deduction for shortage, cost differences, markdown allowance reversals, return discrepancies, accounts payable violations, terms/discounts and other miscellaneous vendor issues to establish their validity.
• Coordinates research with the Merchants, Vendor Relations and Transportation to establish validity of deductions.
• Mailbox Handling – Responsible for handling daily inflow of generic mailboxes/Mails from MPLS.
• All emails needs to be addressed within the stipulated turnaround time.
• Ensure that details are carefully audited for timely payment of invoices.
• MPLS Relations – Maintain excellent relations with MPLS by promptly and accurately resolving issues related to invoices.
• Coordinate with Supervisor to determine resolution.
• Problem Resolution – Using available reports, identify trends, problems and issues that prevent or delay payment to vendors.
• Communicate issues and facilitate problem resolution with MPLs.
• Aging Report Analysis – Receive and review monthly aging reports for assigned Workflow.
• Identify trends associated with delayed payment to vendor.
• Work with MPLS to obtain necessary information and documentation to pay vendor.
• Responsible for ensuring timely process of payments for all vendor.
• Team Work – Operates in a team environment.
• Ensure departmental and individual backlog goals are met and maintained.
• Process Ownership: Collaborate with stake holders, training team, process analysts & management in ensuring the stability of the process.
• In addition, any process changes/updates are shared & knowledge gaps are filled based on scenarios.
• Also ensure that necessary training requirements are completed for team.
• Past Due Goal – Receive, research and attempt payment on all past due invoices and ensuring team is meeting the goal
• Process Documentation and Cross-Training – Develop process documentation and evaluate processes to ensure consistencies among the team.
• Help Supervisor develop and implement a cross-training plan to combine team responsibilities.
• Communication – Maintains an excellent level of verbal and written communication between vendors, HQ partners in Minneapolis and other areas of Target.
• Initiates, coordinates and leads meetings between teams, Merchandising, vendors and/or other areas of Target
• Departmental Reporting – Responsible for weekly/monthly reporting for departmental backlog figures and carrier issues.
• Team Handling - Forecasting trend, volume vs Capacity analysis, Time and utilization reporting, Quality and control framework preparation.
• Creating and maintaining business continuity.
• New hire onboarding and orientation
• Special Projects – Coordinate and/or participate in special projects as assigned by Manager or Sr. Manager.
• Reporting and Special Projects – Complete various weekly/monthly reporting as needed and directed by Supervisor and/or Manager.
• Coordinate and participate in special projects as assigned by Manager and Sr. Manager.
• Productive Partnerships - Proactive in developing productive partnerships with Merchandising, vendors and other areas of Target.
• Learns and understands the process and business of our customers.
• Mentoring / Buddy – Acts as a buddy and mentor to new hires in the team and bring them up in the learning curve and also helps underperforming team members to resolve issues pertaining to the process.
• Special Projects - Coordinates and/or participates in special projects as directed by Team Leads, Supervisor or Manager.
• Job duties may change at any time due to business needs .
• About You:
• Commerce Degree, Accounting & Finance
• 6+ years’ experience
• Accounts Payable and/or Transportation experience
• Demonstrated leadership ability, strong decision-making skills
• Excellent organizational and prioritizing skills
• Proven excellent communication, interpersonal and teamwork skills
• Independent and self-motivated
• High sense of urgency and initiative
• Advanced excel & access database knowledge
• Hands on experience on SAP/Mainframe processing systems
• Excellent negotiation, organizational and problem solving skills