Kodo - Senior Role - Accounts Payable (2-10 yrs)

Key Responsibilities:

1. Invoice Processing & Validation:

- Verify and validate invoices against Purchase Orders (PO) and GRNs in the P2P system.

- Ensure compliance with contract terms, tax regulations, and organizational policies.

- Identify discrepancies in invoices and escalate issues for resolution.

Taxation Compliance:

- Ensure accurate application of GST, including Reverse Charge Mechanism (RCM), Input Tax Credit (ITC) eligibility, and TDS deductions.

- Verify vendor compliance with tax filings (e.g., GST returns, TDS certificates).

- Assist in reconciling GST and other tax liabilities with the accounting team.

P2P Solution Management:

- Use P2P systems effectively to monitor purchase requisitions, purchase orders, and invoices.

- Troubleshoot issues related to P2P workflows, approvals, and integrations with accounting/ERP systems.

- Suggest process improvements for smoother operations of automated workflows.

Month-End Closing Activities:

- Perform AP-related month-end closing activities, including preparing accruals for unrecorded liabilities.

- Reconcile vendor accounts and resolve discrepancies before closing.

- Ensure accurate capitalization of fixed assets, aligning with the organization's capitalization policy.

- Support finance teams with AP reports and schedules for financial statement preparation.

Payment Review & Authorization:

- Review and authorize payment batches, ensuring proper approvals, accurate payment details, and timely processing.

- Ensure compliance with payment terms and policies to avoid late payment penalties.

Reporting & Analysis:

- Generate AP reports, including outstanding invoices, tax compliance, and vendor payment summaries.

- Provide insights into payment trends, tax utilization, and optimization of cash flow.

Vendor Reconciliation:

- Perform vendor reconciliations to ensure ledger accuracy.

- Address and resolve vendor disputes related to payments or tax deductions within SLAs.

Internal Controls & Audit:

- Maintain compliance with internal controls and regulatory standards, including SOX (if applicable).

- Ensure proper documentation and audit trails for AP transactions.

- Act as the AP point of contact during internal and external audits.

Team Collaboration:

- Work closely with procurement, finance, and tax teams to resolve discrepancies and streamline processes.

- Provide guidance and training to junior team members on P2P, tax compliance, month-end closing, and capitalization processes.

Key Qualifications:

1. Education & Experience:

- Bachelor's degree in Accounting, Finance, or related field (Master's degree preferred).

- 7- 9 years of experience in AP functions, with 2-3 years in a checker or senior role.

- Hands-on experience with Procure-to-Pay (P2P) solutions (e.g., Coupa, SAP Ariba, Oracle, etc.

Technical Skills:

- Strong knowledge of GST, RCM, ITC, TDS, and other tax regulations.

- Proficiency in asset capitalization processes and understanding of accounting standards related to fixed assets.

- Familiarity with ERP systems (e.g., Oracle, SAP, Tally) and P2P platforms.

- Advanced skills in Excel and AP reporting tools.

Competencies:

- Strong attention to detail and analytical skills.

- Excellent communication and interpersonal skills to liaise with vendors and internal teams.

- Ability to prioritize and manage multiple tasks, particularly during month-end closing.

Key Deliverables:

- 100% accuracy in invoice validation, tax compliance, and asset capitalization.

- Timely completion of month-end activities, including reconciliations and accruals.