Flex is Hiring: Analyst – Accounts Payable | Finsplitz

Introduction

Are you a detail-oriented finance or accounting professional with a knack for precision and a desire to contribute to the smooth financial operations of a global manufacturing leader? Flex (formerly Flextronics), a diversified manufacturing and supply chain solutions company, is actively seeking talented Accounts Payable Analysts to join its robust finance teams in India, primarily in its Global Business Services (GBS) centers in Chennai or Bengaluru. This role is crucial in managing vendor relationships, processing invoices, and ensuring timely and accurate payments, directly impacting the company’s cash flow and financial health. If you possess a strong understanding of accounting principles, exceptional analytical skills, and a commitment to operational excellence, Flex offers a dynamic environment to advance your career in finance.

Roles and Responsibilities

As an Accounts Payable Analyst at Flex, you will be a key contributor to the Global Finance Shared Services team, responsible for the efficient and accurate processing of accounts payable transactions. Your responsibilities will typically involve:

• Invoice Processing & Verification: Receiving, verifying, and processing a high volume of vendor invoices, ensuring accuracy, proper coding, and adherence to company policies and procedures. This often involves 3-way matching (purchase order, goods receipt, invoice).
• Payment Processing: Preparing and initiating timely payments to vendors, ensuring compliance with payment terms and schedules. This includes managing payment runs and investigating payment discrepancies.
• Vendor Reconciliation: Performing regular reconciliation of vendor statements against internal records to identify and resolve discrepancies, ensuring data integrity.
• Issue Resolution & Communication: Researching and resolving invoice discrepancies, payment issues, and vendor queries efficiently and professionally. Communicating effectively with internal departments (e.g., procurement, treasury) and external vendors.
• Data Management & Reporting: Maintaining accurate accounts payable records, including vendor master data. Assisting in the preparation of various AP-related reports for management review.
• Process Improvement: Identifying opportunities for process improvements within the Accounts Payable function, contributing to automation initiatives, and enhancing operational efficiency and controls.
• Compliance: Ensuring all accounts payable activities comply with internal controls, accounting standards (e.g., US GAAP), and relevant regulatory requirements.
• Month-end Close Support: Assisting with month-end closing activities related to accounts payable, including accruals and reconciliations.

Salary and Benefits

Flex offers a competitive salary and a comprehensive benefits package for Accounts Payable Analysts in India, reflecting its commitment to attracting and retaining skilled finance professionals.

• Competitive Base Salary:
  • For Accounts Payable Analysts (0-3 years of experience), the average annual total compensation in India generally ranges from ₹3.0 lakhs to ₹6.0 lakhs per annum. This includes base salary and potentially performance-based incentives.
  • Specific roles like “Finance Analyst” or “Analyst” at Flex in India for freshers are reported to average around ₹3.8 lakhs to ₹5.5 lakhs per annum, with variations based on experience, location, and the specific duties.
• Health and Wellness Benefits: Comprehensive medical insurance coverage for employees and their families, life insurance, and accidental insurance. Flex often provides wellness programs and an Employee Assistance Program (EAP).
• Learning and Development: Flex places a strong emphasis on continuous learning and career progression, offering:
  • Opportunities for professional development and training in accounting software (e.g., SAP, Oracle), financial analysis, and process improvement methodologies.
  • Mentorship from experienced finance professionals.
  • Internal mobility and career progression opportunities within the finance function (e.g., to Senior Analyst, Specialist roles, or other finance departments).
• Work-Life Balance: Flex often promotes work-life integration, with some roles potentially offering flexible working arrangements.
• Global Exposure: Opportunities to work in a global business services environment, collaborating with international teams and gaining exposure to diverse business practices.
• Recognition Programs: Various recognition programs and awards to acknowledge employee contributions and achievements.

Eligibility Criteria

Flex seeks detail-oriented, analytical, and process-driven individuals with a solid foundation in finance or accounting. Typical eligibility criteria for Accounts Payable Analyst roles include:

• Educational Qualification: A Bachelor’s degree in Commerce (B.Com), Accounting, Finance, Business Administration, or a related field. Candidates with an MBA (Finance) or relevant professional certifications (e.g., CA Inter, CMA Inter) are often preferred for more senior analyst roles.
• Experience: Primarily for fresh graduates (0 years of experience) or candidates with 1 to 3 years of experience in Accounts Payable, General Ledger, or other finance/accounting roles.
• Key Technical Skills:
  • Accounting Fundamentals: Strong understanding of basic accounting principles, double-entry bookkeeping, and the accounts payable cycle.
  • ERP Systems: Experience or familiarity with large-scale ERP systems such as SAP or Oracle is highly advantageous.
  • Microsoft Office Suite: Proficiency in MS Excel (VLOOKUP, pivot tables, basic formulas) is essential. Knowledge of MS Word and PowerPoint is also required.
  • Data Management: Ability to handle and analyze financial data accurately.
• Soft Skills:
  • Exceptional Attention to Detail: High level of accuracy and meticulousness in data entry, reconciliation, and issue resolution.
  • Analytical & Problem-Solving Skills: Strong analytical abilities to identify discrepancies, investigate root causes, and propose effective solutions.
  • Communication Skills: Excellent verbal and written communication skills in English to interact with internal stakeholders and external vendors professionally.
  • Organizational Skills: Strong organizational and time management skills to handle a high volume of transactions and meet deadlines.
  • Teamwork: Ability to work effectively in a collaborative team environment.
  • Customer Service Orientation: A strong focus on providing excellent service to internal and external stakeholders (vendors).
  • Proactive: A proactive approach to identifying potential issues and suggesting process improvements.

Application Process

Ready to ensure financial precision at Flex? Here’s how to apply for an Accounts Payable Analyst position:

1. Online Application: Visit the official Flex Careers website (flex.com/careers) or reputable job portals like LinkedIn, Naukri.com, or Indeed. Search for “Accounts Payable Analyst” or “AP Analyst” roles in India.
2. Resume Submission: Prepare a well-structured resume that highlights your academic qualifications, any relevant experience in accounts payable or accounting, your proficiency in ERP systems (if any), and your strong analytical and detail-oriented skills.
3. Initial Screening: If your qualifications match the role, a recruiter will conduct an initial phone or virtual chat to discuss your background, interests, and general fit for the role.
4. Online Assessment (If Applicable): Some roles might require completing an online assessment. This could include aptitude tests (numerical, logical reasoning) or basic accounting/finance knowledge assessments.
5. Interview Scheduling: Candidates who successfully clear the initial screening and assessments will be invited for subsequent interview rounds.

Interview Process

The interview process for an Accounts Payable Analyst at Flex is designed to assess your technical accounting knowledge, analytical abilities, problem-solving skills, and cultural fit. It typically involves a few rounds:

• Technical Interview (1-2 rounds): These rounds will focus on your core accounting and accounts payable knowledge.
  • Accounts Payable Cycle: Questions on the full accounts payable process, from invoice receipt to payment.
  • Accounting Fundamentals: Questions on basic accounting principles, debits/credits, general ledger, expense recognition, and reconciliation.
  • ERP Systems: If you have experience with SAP or Oracle, expect questions about your familiarity with AP modules within those systems.
  • Reconciliation: You might be asked to explain how you would reconcile a vendor statement or resolve discrepancies.
  • Excel Skills: Practical questions on using Excel functions like VLOOKUP, pivot tables, and basic formulas for data analysis or reconciliation.
  • Scenario-based Questions: You may be presented with a hypothetical AP scenario (e.g., a vendor querying a payment, a blocked invoice) and asked how you would investigate and resolve it.
• Managerial Interview: This round typically involves the hiring manager or a senior team lead. They will assess your understanding of the AP function’s importance, your approach to problem-solving, your ability to manage high volumes of work, and your communication skills. Expect behavioral questions like: “Tell me about a time you had to deal with a difficult vendor,” or “How do you ensure accuracy when handling repetitive tasks?”
• HR Interview: This final round evaluates your communication skills, cultural fit with Flex, and motivation for joining the company. Expect questions such as:
  • “Tell me about yourself.”
  • “Why Flex?” (Show that you have researched the company and its operations.)
  • Your strengths and weaknesses.
  • Your willingness to work in shifts (if applicable, as GBS centers often support global operations).
  • Your long-term career aspirations in finance.

Throughout the process, emphasize your meticulous attention to detail, strong analytical capabilities, clear and confident communication, and a proactive approach to process improvement.

Conclusion

Joining Flex as an Accounts Payable Analyst offers a solid foundation for a career in finance within a leading global manufacturing and supply chain company. You will play a crucial role in ensuring financial precision and contributing to the efficient operations of a vast global enterprise. If you are a driven individual with strong accounting fundamentals and a passion for accuracy, explore the Accounts Payable Analyst openings at Flex today!