Supervising Associate For Netting And Settlement
Ernst Young · Kochi · onsite · Posted 1d ago
Undisclosed5–10 yrsfulltimeSourced from
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About this role
Job Summary
Supervising Associate - Netting and Settlement
Key responsibilities
To qualify for the role, you must have
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Supervising Associate - Netting and Settlement
Lead the day-to-day delivery of the NetPay netting and settlement process, ensuring accurate reconciliation of intercompany balances, timely settlement, strong controls and a consistent service experience for participating EY member firms. The role combines operational ownership with people leadership, member-firm onboarding, stakeholder management, escalation management and continuous improvement.
Key responsibilities
- NetPay operations and settlement delivery
- Own and coordinate daily NetPay operations across participating member firms, ensuring activities are completed accurately, on time and in line with agreed controls and service expectations.
- Oversee the review and matching of intercompany invoices and open positions across AP and AR, ensuring completeness, consistency and timely resolution of discrepancies.
- Coordinate the identification and exchange of missing documents and support member firms in correcting mismatches, disputed invoices and other exceptions.
- Review periodic netting and payment calculations and confirm that settlement outputs are complete, accurate and appropriately validated before circulation.
- Monitor member-firm payment execution and support the correct application and clearing of receipts and payments.
- Maintain operational trackers, reconciliations, evidence and process documentation to support transparency, control and audit readiness.
- Member-firm onboarding and adoption
- Partner with member firms to onboard them into NetPay, from initial engagement and process assessment through readiness, testing, implementation and transition to business-as-usual operations.
- Explain NetPay requirements, roles, timelines, controls, data and documentation expectations to local Finance, AP, AR, Treasury and Controlling stakeholders.
- Develop onboarding plans, track dependencies and risks, and coordinate actions across the central netting team and member-firm stakeholders.
- Facilitate onboarding workshops, process walkthroughs and knowledge-transfer sessions; provide post-go-live support and stabilize operations.
- Monitor adoption and compliance after onboarding, address gaps and promote consistent use of the standard NetPay process.
- Team management and capability development
- Provide day-to-day direction, work allocation and prioritization for the Netting and Settlement team, balancing operational deadlines, onboarding activity and improvement initiatives.
- Review team output for quality, completeness and timeliness; provide practical coaching and feedback to strengthen technical and stakeholder-management capability.
- Ensure adequate coverage, effective handovers and clear ownership of recurring activities, exceptions and follow-ups.
- Create an inclusive, collaborative environment that encourages accountability, knowledge sharing, continuous learning and proactive problem solving.
- Identify training needs, maintain process knowledge and support the development of subject-matter expertise and succession capability within the team.
- Stakeholder and escalation management
- Act as the primary operational point of contact for participating member firms and central stakeholders on NetPay, netting and settlement matters.
- Build effective working relationships across geographies and functions, align expectations and provide clear, concise updates on operational status, risks, issues and decisions required.
- Manage escalations relating to unmatched items, missing documents, disputed invoices, delayed payments, process non-compliance and service delivery concerns.
- Perform root-cause analysis, agree corrective actions with relevant stakeholders and monitor actions through closure.
- Escalate material risks and unresolved issues to leadership promptly, supported by facts, impact assessment and recommended next steps.
- Quality, controls and process improvement
- Drive a strong quality and control culture through defined review checks, exception monitoring, ageing analysis and timely corrective action.
- Identify recurring issues, control gaps, manual effort and process bottlenecks; translate observations into practical improvement initiatives.
- Lead or support standardization, simplification and automation opportunities that improve accuracy, cycle time, transparency and stakeholder experience.
- Define and monitor relevant operational measures, quality indicators and action plans; use data and trends to prioritize improvement opportunities.
- Maintain standard operating procedures, process maps, control documentation and other governance materials so they remain current and usable.
- Support internal and external audit requirements relating to intercompany netting and settlement, including timely provision of evidence and resolution of observations.
- Reporting and governance
- Prepare and review weekly operational reporting for participating member firms, providing visibility of invoice status, exceptions, ageing, pending actions and key risks.
- Provide regular management updates covering delivery performance, onboarding progress, escalations, quality, improvement initiatives and decisions required.
- Facilitate operational governance calls and ensure actions, owners and target dates are clearly documented and followed through.
- Ensure compliance with applicable accounting requirements, EY policies, legal requirements and locally agreed operating procedures.
To qualify for the role, you must have
- Bachelor s degree in Accounting, Finance, Business Administration or a related field.
- Relevant experience in intercompany accounting, AP, AR, financial accounting, netting, settlement, treasury operations or a comparable finance process.
Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
AutomationExternal Auditfinancial controlsaccounting systemsFinance ProcessFinance and AccountingCapital MarketsAPERPCommunication SkillsFinancial AccountingAdministrationAccountingcompliancefinanceEscalation Management
About Ernst & Young
Ernst Young
Management Consulting
44k+
employees
2002
24 years old
Gurgaon / Gurugram, Haryana
India
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