Assistant Manager - Accounts Payable

Job Title: Assistant Manager - Accounts Payable
Department/Group: Finance Operations
Location: Bangalore (Work from Office)
Reporting to: Manager - Finance

Company Profile:
Chai Point is the worlds largest chai-led beverage platform, serving customers across 9 cities through its retail network and specialized Brewing Bots at leading workplaces across 40+ cities in India. We aim to "serve a great cup that brightens lives and brings people together." Along with our wide variety of beverages, we offer a range of food and accompaniments, catering to customers both at retail outlets and at home via our CPG products. Chai Point is expanding its omni-channel presence in India.

Job Description:
This is a crucial role within the Finance team, focusing on Accounts Payable and Vendor reconciliation processes. The ideal candidate will thrive in a fast-paced, high-growth environment and will have a strong background in finance operations. This role involves managing the day-to-day accounts payable functions while ensuring smooth operations in the procurement-to-pay process.

Key Responsibilities:

• Manage accounts payable (A/P) processes, including invoice accounting, tracking, and reporting.
• Handle vendor reconciliations, ensuring accuracy and timely settlements.
• Oversee the entire P2P (Purchase to Pay) process, ensuring that vendors are onboarded and processed effectively.
• Prepare and maintain Purchase Register, Accounts Payable reports, and vendor reconciliation documents.
• Monitor and control Payable Reconciliations, ensuring all discrepancies are resolved.
• Coordinate and execute the invoice accounting process efficiently.
• Support the month-end and year-end close processes with respect to accounts payable.
• Ensure compliance with accounting policies and principles, specifically in expense recognition.

Requirements and Skills:

• 4+ years of experience in finance operations, particularly in accounts payable or similar areas.
• A degree in Commerce, Accounting, Finance, or related field (UG or PG).
• Strong understanding of accounting principles and procedures, particularly in expense recognition.
• Proficiency in MS Excel (advanced knowledge preferred).
• Experience with general ledger functions and the month-end/year-end close process.
• Knowledge of FAR (Fixed Assets Register) is a plus.

Personal Traits:

• Strong team management and collaboration skills, with the ability to work seamlessly in a team environment.
• Excellent communication skills, with a customer-service-oriented mindset.
• Self-starter with a problem-solving attitude.
• Detail-oriented, ensuring accuracy in financial reporting and reconciliation.
• Strong sense of ownership and accountability.

If you are an enthusiastic, detail-oriented individual with a strong understanding of finance operations and accounts payable, we would love to have you on board. Join us at Chai Point as we continue to grow and expand!