Assistant Manager - Accounts payable - Manufacturing Industry (5-10 yrs)

Required:

- Bachelor's degree in accounting, Finance, or a related field. A professional certification (e.g., CA Inter, CMA, CPA) is a plus.

- 5+ years of experience in accounts payable, preferably in the manufacturing industry.

- Strong knowledge of ERP systems and accounting software.

- Proficiency in Microsoft Excel and other analytical tools.

- Excellent understanding of tax regulations, including GST, TDS, and other applicable laws.

Responsibilities:

Accounts Payable Management:

- Oversee the end-to-end accounts payable process, including invoice verification, coding, and Daily, Weekly, payment processing.

- Ensure timely and accurate recording of all accounts payable transactions in compliance with company policies.

- Maintain books and ensure correct accounting as per nature of expense

- Zero duplicate / excess payment.

Vendor Management:

- Onboarding of vendors with valid VRF, KYC, supporting documents and accurate update in vendor master.

- Maintain and enhance vendor relationships by resolving queries and discrepancies promptly.

- Conduct periodic vendor reconciliations and ensure adherence to agreed payment terms.

Compliance and Controls:

- Ensure compliance with financial policies, tax regulations, and internal controls.

- Assist in audits by providing required documentation and resolving audit queries.

- Tracking of MSME vendors and timely payments

- Tracking of vendor payment outstanding and reconciliation with vendor ledgers on periodic basis

- Adherence to Fraud and Corruption Controls

Reporting and Analysis:

- Prepare and analyse accounts payable reports, including aging reports and payment forecasts.

- Monitor key performance indicators (KPIs) to improve efficiency in the accounts payable function.

Team Coordination:

- Supervise and provide guidance to the accounts payable team, ensuring proper workload distribution.

- Foster a collaborative and productive work environment.

Process Improvement:

- Identify opportunities for automation and process enhancements to streamline the accounts' payable function.

- Collaborate with cross-functional teams to implement best practices.

Others:

- Provide tax related inputs and outputs for GST, TDS, TCS and other taxes.

- Ensure timely payment of monthly/ quarterly/ annual taxes, filling of returns.

- Tax workings to be reviewed for accuracy.

- Vendor related GST reconciliation and checks performed on a periodic basis to ensure correct credit availability.

- TCS debit notes share with clients monthly and checked for collection. TDS related deduction to be ensured at correct % before each payment via. cheque, cash, credit card.

- Keep track of all notices received till closure.

- Reconciliation of account for tax related payments

- Supporting Accounting Partner/ Tax team to ensure zero non-compliance to all tax, related compliances, payment within due date a. Provide tax related inputs and outputs for GST, TDS, TCS and other taxes.

- Ensure that Accounting is done correctly in books as per Accounting Standards

- Support Accounting partner with inputs and supporting documents wherever required.

- Ensure proper accounting of Fixed Assets and depreciation working, entries are accurate.

- Coordinate with Accounting Partner/ Statutory Audit team and provide all required information will provide in time accurately for half yearly and Year end closure.

- Coordination on internal and external stock verification, fixed asset verification and inventory valuation

- Ensure inputs for MIS reports are prepared as per calendar.