Executive / Senior Executive - Finance & Accounts

Location: Hyderabad, HO Employment Type: Full-time Salary Range: 60k - 70k / month Job Overview

The Executive / Senior Executive - Accounts Payable will be responsible for managing vendor transactions, maintaining accurate records, and ensuring smooth financial operations related to procurement, accounts payable, and raw material (RM) management. This role requires coordination with vendors, internal teams, and overseeing store activities to ensure compliance and internal controls. The person will be responsible for maintaining vendor master data and preparing various reports to assist the finance and accounts department in decision-making.

Key Responsibilities:

1. Invoice Verification

• Verify invoices received from vendors and service providers against supporting documents.

2. Vendor Payments

• Recommend and process payments for vendors, ensuring accuracy and compliance with company policies.
• Account for payment-related entries in Tally

3. Debit and Credit Notes

• Raise debit notes for material and quality defects.
• Follow up with relevant teams to secure credit notes from vendors for debit notes raised

4. Vendor Onboarding

• Verify vendor onboarding forms along with the required supporting documents.
• Maintain up-to-date vendor master data in Excel and Tally

5. Raw Material (RM) Management

• Conduct physical verification of raw materials (RM) upon arrival at the warehouse and track RM usage.
• Ensure RM-related entries are accurately accounted for in Tally on a daily basis

6. Stores Monitoring

• Monitor stores operations to ensure material records are accurate and implement internal control mechanisms to prevent mismatches.

7. MIS Reporting

• Prepare various MIS reports related to Accounts Payable to provide insights for decision-making.

Qualifications:

• Qualification: B. Com / M. Com / MBA Finance
• Experience: 5 to 6 years preferably in Manufacturing Industries.
• Strong knowledge of accounts payable and financial reporting.
• Proficiency in accounting software (e.g., Tally, SAP etc.).
• Excellent analytical and problem-solving skills.
• Strong organizational and communication skills
• Time management and organizational skills