Fresher Opportunity at Genpact: Accounts Payable (AP) Role

Genpact Job Description

As a Management Trainee in Accounts Payable, you will be responsible for managing and improving the accounts payable process. This includes coordinating the AP function, implementing process improvements, and supporting associates.

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Job Summary

• Job Title: Accounts Payable Accountant
• Job Type: Full-time
• Job Qualification: Bachelor commerce (BCom), master’s degree preferred
• Skills: ERP knowledge, attention to detail, analytical and organizational skills
• Salary: INR 3 to 4 lakhs
• Location: Pune, India
• Application Deadline: Ongoing (apply as soon as possible)

Key Skills Required

1. Strong Communication & Proactive Approach – Excellent verbal and written skills, with a proactive mindset.
2. Accounting Expertise – Solid understanding of accounting concepts and principles.
3. MS Office Proficiency – Skilled in MS Excel and Word for data management and reporting.
4. ERP Systems Knowledge – Familiarity with ERP platforms like SAP or PeopleSoft (preferred).
5. Subject Matter Expertise (SME) – Deep knowledge of accounts payable processes.

Table of Contents

Table of Contents

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Job Responsibilities

1. Transaction Processing: Calculate and post business transactions, process invoices, and verify financial data to maintain accounts payable records.
2. Invoice Review: Review invoices and requisitions for payment approval, ensuring accuracy in calculations and totals, and applying discounts when relevant.
3. Voucher Preparation: Assign voucher numbers, prepare vouchers with essential invoice details (vendor, amount, coding), and ensure compliance with accounting policies.
4. Process Improvement: Identify and implement improvements in the AP process to enhance efficiency and accuracy.

Job Process Overview

• Location: Gurugram, India
• Schedule: Full-time, 5-day workweek
• Education: Bachelor’s degree in commerce (B.Com) or equivalent
• Experience: Preferred experience in Accounts Payable; auditing experience is a plus

Required Skills

• Attention to Detail – Accuracy in processing and reviewing invoices.
• Analytical Skills – Ability to identify discrepancies and improve processes.
• ERP & Excel Proficiency – Familiarity with ERP systems (e.g., SAP) and strong Excel skills.
• Communication – Effective verbal and written communication for stakeholder interactions. · 
• Proactive & Organized – Initiative in problem-solving and strong time management

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Frequently Asked Questions (FAQs)

1. What is the starting salary for a Genpact Accounts Payable Accountant?
   Fresher accounts payable accountants typically earn between INR 3 to 4 lakhs per year, based on their qualifications and experience.
2. Is Genpact an accounting firm?
   Genpact is a professional services firm that provides accounting, finance, and other business solutions to clients globally.
3. What is the salary package for Chartered Accountants at Genpact?
   Chartered Accountants (CAs) at Genpact can expect a salary between INR 6 to 10 lakhs per year, depending on experience.
4. What are the responsibilities of the Accounts Payable role at Genpact?
   Accounts Payable responsibilities include invoice processing, vendor payment management, and ensuring compliance with company guidelines.
5. Is Accounts Payable a challenging job?
   While Accounts Payable can be detail-intensive, with strong organizational skills and adequate training, the role is manageable.
6. How many interview rounds are there for an Accounts Payable role at Genpact?
   Typically, there are 2 to 3 rounds, including HR and technical interviews.
7. How tough is the Genpact interview process?
   The interview process focuses on accounting fundamentals and problem-solving, and difficulty varies by individual.
8. How long does the hiring process take at Genpact?
   The hiring process generally takes about 2 to 4 weeks, depending on the number of applicants.
9. What is the typical workweek for an Accounts Payable role at Genpact?
   Genpact usually follows a 5-day workweek, though some projects may have specific needs.
10. What should I highlight in an Accounts Payable interview?
    Focus on your attention to detail, understanding of invoice processing, and familiarity with ERP systems.
11. Is Genpact suitable for freshers looking for Accounts Payable roles?
    Yes, Genpact offers positions that are ideal for freshers with a background in commerce or finance.
12. What kind of ERP system knowledge is required?
    Familiarity with widely used ERP systems like SAP or Oracle is beneficial.
13. What skills are crucial for success in Accounts Payable?
    Key skills include attention to detail, proficiency in ERP, organizational abilities, and effective communication.
14. How do you pass a payable entry?
    Accounts payable entries involve crediting the accounts payable ledger and debiting the respective expense accounts.
15. What is the difference between Accounts Payable and general accounting?
    Accounts Payable focuses on handling vendor invoices and payments, whereas general accounting covers a broader scope of financial transactions.
16. Are there opportunities for career growth in Accounts Payable at Genpact?
    Yes, Accounts Payable professionals can advance into roles like Accounts Manager or Financial Analyst with experience.
17. What makes Genpact a good choice for finance careers?
    Genpact’s focus on innovation and global reach offers excellent growth opportunities in the finance sector.
18. Is prior audit experience necessary for Accounts Payable roles?
    While it is preferred, it’s not mandatory, but relevant experience is an advantage.
19. What kind of problem-solving abilities are expected in this role?
    You’ll need to be able to analyze discrepancies in invoices and resolve vendor issues promptly.