Accounts Payable

Role: Accounts Payable

Direct Reporting: Sr. Partner - Accounting

Functional Reporting: Finance

Function: Finance

Location: Lower Parel

Accounting Payables

• Managing Accounts payable operations, supervisory responsibilities, scanning, invoice processing of PO and Non-PO Invoices, credit memos, Payments, Month end Accruals, Invoice Exception resolution, vendor and GRIR to make NIL on monthly closing & reconciliation as per requirement.
• Ensure that all bills are Properly Checked for accuracy and Delegation of authority before being accounted
• Booking PO related Bills in MIRO (SAP) and knocking off Advances while booking advance related bills.
• Booking Direct and Miscellaneous expenses such as Sales Promotional, AMCs, Consultancy Services, Final Settlements etc.
• Ensure that TDS and GST is properly deducted (as per applicability) and accounted in books of accounts
• Ensure that bills are booked under correct Cost Ledger & relevant Cost Centre •Ensure all accounting policies and procedures are adhered to.
• Forecasting funding request in coordination with the Treasury team.
• Raising Debit and Credit notes for any discrepancy in invoices after approval of concern department.
• Ensure that Payment to Vendor is done as per agreed credit terms and conditions
• Periodic review of the Supplier Balance and ensure that same are Reconciled accurately
• Making adequate Provision on monthly basis for expenses incurred but bills not received
• Inter-company Reconciliation to ensure book all the DN and CN in SAP
• Ensure creditors clean up, review AP aging and getting balance confirmations from vendors
• Identification of all accruals & prepaid transactions and ensure that relevant entries are made before month end closing.
• Allocation of expenditures to cost centres & generation of cost centre reports. ( Ksb1 report)
• Coordinate with various departments for quick turnaround of queried invoices
• Escalation of issues to the line Manager if things are not sorted out within Stipulated Timeline
• Scrutinizing the existing AP processes to look for opportunity of automation & initiating the automation
• Liaison & Co-ordination with Internal & External Auditors providing reports & schedules like Related Party Disclosure, Expenses in Foreign Currency, Lease Rental Schedule etc.
• Preparation of various monthly reports as per management requirement

Education:

• B com /M Com

Experience:

• 5+ years of experience •SAP experience

Skills & Competencies:

• In depth understanding of accounting concepts

Job Purpose and Scope

Facilitate timely and accurate records regarding payments to suppliers, processing payments as per the agreed terms and policies.

Accountability Result Indicator

Team Membership

•Accounting & reporting accuracy •Adherence to compliance • •