Searce - Lead - Accounts Payable (5-8 yrs)

We are seeking a detail-oriented and experienced Accounts Payable Specialist to join our accounting team.

The ideal candidate will have a strong understanding of accounts payable processes, general ledger, invoice processing, and vendor reconciliation.

You will be responsible for managing direct and indirect cost bill bookings, processing payments, tracking invoices, and ensuring accurate financial records in accordance with company policies and applicable tax regulations.

Key Responsibilities:

- Accounts Payable & Accounting: Manage end-to-end accounts payable processes, including invoice receipt, verification, and payment processing in a timely manner.

- General Ledger: Ensure all transactions are correctly recorded in the general ledger and comply with accounting standards.

- Direct & Indirect Cost Bill Booking: Handle bill bookings for direct and indirect costs, ensuring proper classification and accurate accounting of expenses.

- Tax & TDS Understanding: Maintain a basic understanding of tax laws, GST, TDS (Tax Deducted at Source) regulations, and how they apply to invoices and payments.

- Eligible & Ineligible Supply: Classify supplies and services into eligible and ineligible categories for tax purposes, ensuring compliance with tax laws.

- Debit & Credit in Accounting: Apply debit and credit entries accurately in the accounting system, ensuring consistency and accuracy.

- Invoice Processing & Tracking: Process and track invoices, ensuring that they are recorded promptly and accurately.

- Payment Processing: Ensure timely and accurate payment of vendor invoices, while adhering to company payment terms and policies.

- Vendor Reconciliation: Perform regular reconciliation of vendor accounts to resolve discrepancies and ensure accurate financial reporting.

- Inter-Company Accounting: Coordinate inter-company accounting processes and ensure accurate billing and reconciliation between affiliated entities.

- Month end activities: Monthly vendor accruals, prepaid workings, bank reconciliations,.

Requirements:.

- Bachelor / Masters degree in Accounting, Finance, or a related field (preferred).

- Minimum of 5-8 years of experience in accounts payable, accounting, or a similar role.

- Strong understanding of accounting principles, general ledger, and financial reporting.

- Familiarity with tax regulations, including TDS and GST eligible/ineligible supply classifications.

- Experience with invoice processing, vendor management, and payment processing.

- Proficient in accounting software and MS Excel.

- Hands on experience into team management.

- Strong attention to detail, organizational skills, and ability to manage multiple tasks.

- Excellent communication skills and the ability to work effectively with vendors and internal teams.