Senior Manager - Accounts Payable - Consumer Durable Industry - CA/CMA/ICWAI

Sr Manager Accounts Payable - Consumer Durable Industry - CA / CMA / MBA Finance

Key Accountabilities:

- Deliver Accounts Payable in a timely and efficient manner.

- Processing, verifying, reconciling, accounting and payment of vendor invoices, payroll, staff claim, Inter-company, tax and statutory dues.

- Review invoice coding and ensure accurate booking.

- Monitor employee claim settlements and ensure it is done as per defined policies

- Ensure payments are processed as per the contract terms subject to withholding tax (TDS), GST RCM (as applicable).

- Track transactions and monitor accounts to ensure payments are up to date.

- Accounting of Imprest Account for various office locations and submit regular reports.

- Regulatory documentation for foreign remittances.

- Support vendor registration process in the ERP system.

- Cash / expense forecasting and producing various reports.

- Support preparation of bank reconciliations, including follow up of outstanding items.

- Maintaining records and vendor files- ensure all physical documents are kept in safe custody and digital documents are stored properly.

- Timely resolution of queries and payment failure issues.

- Assist in implementing continuous process improvement and efficiency initiatives.

- Carry out Vendor reconciliations including obtaining vendor balance confirmations, AP ageing analysis, action plan to clear open items, monitoring and reporting debit balances and balances with specified vendors.

- Develop and maintain a strong relationship with internal and external stakeholders and work to build sustainable processes.

- Ensure month end close activities are completed as per the timelines for AP close, accruals or provisions any adjustments.

- Maintain robust internal controls.

- Implementation risk mitigation controls to strengthen the control environment.

- Maintain SOPs and ensure its ongoing effectiveness in identifying and mitigating any exposure.

- Ensure adherence to Delegation of Authority including approved policies and procedures.

- Support Statutory and Internal Audits completion and ensure timely closure/resolution of audit issues and implement agreed recommendations.

- Collaborate with other business teams to deliver cross-functional projects, finance agenda or perform other duties as assigned or as required.

Qualifications Required:

- MBA Finance / Chartered Accountant or ICWAI.

Experience Required:

- 10-12 years significant previous experience in an Accounts Payable managerial role for a large corporate, using SAP system (Mandatory).

Key Competencies/Behaviours Required:

- Working knowledge of Taxation - Direct and Indirect Tax (MUST).

- Sound knowledge of overall accounting policies and practices.

- Well-developed written and oral communication skills.

- Self-starter, flexible, a high level of integrity and is action and goal-oriented in a fast-paced.