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Job Title:  Lead Business Operations - Ivalua


Bangalore, KA, IN, 560066

Business Unit:  Nul
Posting Date:  Nov 19, 2022
Job Description: 

Position Summary:

We are seeking a self-starting, detail-oriented individual with Financial Reporting experience to manage Accounting and Reporting activities related to Ivalua for the European Sites. In 2021, Ivalua was implemented in Europe as the corporate procure-to-pay system for indirect spending. 

Position Responsibilities:

  • Perform month-end operations including
    • Ensuring all journal entries are posted correctly
    • Run accrual entries for Goods Received Not invoiced (GRNI)
    • Reconcile NAV balances with Ivalua Balances
    • Update monthly FX Rates, run month-end FX reval, prepare MJE for the realized FX gain/loss
  • Stakeholder Management – Business Units
    • Email month-end reports to BU Finance
    • Weekly dashboard on Invoices that are in the “Approval in Progress” stage
    • Weekly dashboard on Missing Receipts and/or Receipts that are in the draft stage
    • Support to BU finance personnel for Accounting
  • Stakeholder Management – Ivalua Vendors
    • Monitor emails sent to Vendors for missing invoices
    • Respond to payment inquiries and guide vendors to use Ivalua.
    • Resolve vendor queries related to payment
    • Act as the single point of contact for any Vendor queries
  • Vendor Payment and Inter-Company Balances
    • Send Cash Forecast Report to BU and seek payment date approval
    • Timely and accurate payment to vendors as per BU confirmation
    • Communicate payment details and Intercompany balances to BU
    • Monitor Remittance advice
    • Perform Weekly Bank Reconciliation and resolve open items
    • Record Intercompany settlement (Ivalua and non-Ivalua Bank)
  • Engage IT to implement continuous operational changes, test and support new enhancement/upgrades/ Ivalua Europe Phase 3.
  • Manage BU specific / Country specific variations to the processes.
  • Provide support for tax and financial audits as needed.
  • Cash Pooling project – support the assessment, planning and implementation of a European cash pooling structure





Associates Degree in Accounting, Finance or Business Administration.

Prior experience working in a customer service focused environment.

Prior experience in managing process transition.

4-5 years of team leading experience with a minimum team size of 5+ people.

10+ years of managing Finance Processes working in a Shared Service environment.

Prior experience to operate in a matrixed environment where divisions have autonomy in running their business, however, must follow some Corporate requirements.

Proficient in Microsoft Excel and Word.

Strong communication and organizational skills.

Broader Treasury knowledge is a plus.

Prior Cash Pool experience is a plus

Willingness to work in Shift (European timings).

AMETEK is committed to making a safer, sustainable, and more productive world a reality. We use differentiated technology solutions to solve our customers’ most complex challenges. We employ 18,500 colleagues, in 30 countries, that are grounded by our core values: Ethics and Integrity, Respect for the Individual, Diversity and Inclusion, Teamwork, and Social Responsibility. AMETEK (NYSE:AME) is a component of the S&P 500. Visit for more information.