Aditya Chavan
Payment Processing Specialist
Pune,Pune
Summary
Payments Analyst analyzing rejected, returned, and urgent payments across ACH, SEPA, wire, and manual payment methods. Investigates root causes, monitors vendor ledger balances, and partners with treasury and GL teams to clear discrepancies before release. Strengthens payment accuracy through validation checks, controls, and exception analysis.
Overview
3
3
Languages
5
5
years of professional experience
Work History
Payments Processing Specialist
Ecolab Global Service Pvt Ltd
07.2024 - Current
- Created and executed vendor and customer payments using SAP (F110) across ACH, Wire (ISO 20022), SEPA, manual, and checks.
- Performed payment validations ensuring accuracy and SOX compliance.
- Reviewed invoices against PO/contracts and coordinated with treasury for urgent payments.
- Resolved payment mismatches, bank rejections, and posting errors efficiently.
- Reviewed invoices against purchase orders, contracts, and approvals to ensure payment accuracy.
- Managed invoice processing for European entities under the Global Invoicing Team.
- Handled stakeholder queries via ServiceNow and managed shared mailboxes efficiently.
- Led GBS transition for invoice processing with smooth stabilization.
- Prepared vendor accruals and coordinated with GL team to resolve discrepancies.
- Monitored vendor ledger balances, analyzed rejected/returned payments, and resolved issues through root cause analysis.
- Posted journal entries including down payments, withholding tax, and credit card expenses.
Senior Process Executive
Cognizant technology solution Indian Pvt Limited
07.2021 - 04.2024
- Processed scanned invoices and routed them through Catalyst for approval and timely payment processing.
- Handled PO, Non-PO, Credit/Debit Memo, and utility invoices within SLA, ensuring accuracy and compliance.
- Indexed invoices correctly (TP, Duplicate, QA, GR Match, Vendor Post) and maintained data quality.
- Managed client communication via shared mailbox (United Rentals) and resolved queries in reject and duplicate queues.
- Performed 3-way matching and quality checks to prevent errors and duplicate payments.
- Coordinated with internal teams to resolve invoice discrepancies within timelines.
- Prepared daily reports, tracked invoice status across queues, and supported payment readiness activities.
- Participated in client calls for escalations and contributed to process improvements.
- Improved processing accuracy, reduced exceptions, and ensured timely invoice handling in a high-volume environment.
Education
MBA - Finance
JSMP institute Management college Pune
Pune01.2020
B.COM - Accounting
D G College commerce Satara
Satara01.2018
Skills
AP - AR payment processing
Invoice processing
Accruals and vendor reconciliation
Microsoft Excel
Payment exception resolution
Three-way matching
Payment validation
SOX compliance
Journal entries
Root cause analysis
SAP F110
ACH payments
Wire payments
SEPA payments
Vendor ledger reconciliation
Bank rejection resolution
Payment run management
Accomplishments
- Recognized 3 times for outstanding performance in the United Rentals project at Cognizant, for consistently meeting SLA and quality targets.
- Awarded High Flyer for delivering high productivity and maintaining >98% accuracy in invoice processing.
- Honored as Star Performer for exceeding performance targets and handling high-volume transactions efficiently.
- Recognized as a People Champion for supporting team members, improving collaboration, and contributing to smooth operations.
- Received client appreciation (Workday) for timely query resolution and maintaining strong service quality.
Timeline
Payments Processing Specialist
Ecolab Global Service Pvt Ltd
07.2024 - Current
Senior Process Executive
Cognizant technology solution Indian Pvt Limited
07.2021 - 04.2024
B.COM - Accounting
D G College commerce Satara
MBA - Finance
JSMP institute Management college Pune