Accounts Executive

The Accounts Executive for Accounts Payable plays a pivotal role in managing the financial operations of the organization. This position primarily focuses on handling accounts payable processes, ensuring accurate and timely payments to vendors, and maintaining financial records. The incumbent is responsible for contributing to the overall financial health and stability of the organization by efficiently managing accounts payable.

Key Responsibilities:

1. Invoice Processing:

Receive, review, and process invoices from vendors.

Verify that invoices are accurate, complete, and in compliance with company policies and contracts.

Ensure proper coding and approval for payment.

2. Payment Processing:

Prepare and process payment batches, including checks, electronic transfers, and ACH payments.

Schedule payments in a timely manner to take advantage of discounts and meet payment terms.

Reconcile payments with supporting documentation.

3. Vendor Management:

Maintain positive relationships with vendors and respond to their inquiries regarding payments.

Resolve discrepancies or issues related to invoices and payments.

4. Expense Reporting:

Review and process employee expense reports, ensuring compliance with company policies.

Reimburse employees for valid expenses in a timely manner.

5. Record Keeping:

Maintain accurate and organized accounts payable records.

Prepare and maintain necessary reports for management and auditing purposes.

6. Month-End Close:

Assist in month-end and year-end closing activities, including accruals and reconciliations.

7. Compliance and Reporting:

Ensure compliance with applicable accounting principles and regulations.

Ensure accurate tax withholding (TDS) & GST compliance.

Assist in the preparation of tax-related documents and reports.

About Truemeds:

Our vision is to make healthcare affordable and accessible to all. We are a technology-driven, telehealth platform that aims to reduce healthcare expenses multifold and improve healthcare outcomes by democratizing medicine purchases in India. Truemeds is able to recommend best value medicines from top 30 pharma brands in India to customers with precise scientific matching and outcomes history leading up to 70%+ savings for customers!

8. Process Improvement:

Identify opportunities to streamline accounts payable processes and improve efficiency.

Implement best practices to enhance the accuracy and speed of payment processing.

Key Performance Indicators (KPIs):

1. Invoice Accuracy: Measure the percentage of invoices processed without errors.

2. Payment Timeliness: Ensure that payments are made within agreed-upon terms to avoid late fees or penalties.

3. Vendor Satisfaction: Assess vendor feedback and maintain positive relationships with vendors.

4. Expense Report Processing: Monitor the time taken to process employee expense reports.

5. Record Accuracy: Evaluate the accuracy and completeness of accounts payable records.

6. Process Efficiency: Identify and implement process improvements to enhance efficiency

Qualifications:

Bachelor s degree in Accounting, Finance, or a related field.

2+ years of Previous experience in accounts payable or a similar role is preferred