Manager - Accounts Payable/Accounts Receivable - Automotive Firm (5-7 yrs)

Job Description: Accounts Payable/Accounts Receivable Manager Automotive Company, Mumbai.

Position: Accounts Payable/Accounts Receivable Manager.

Location: Mumbai, India.

Department: Finance.

Reports To: Finance Director.

Job Summary:

We are seeking an experienced and detail-oriented Accounts Payable/Accounts Receivable (AP/AR) Manager to join our dynamic automotive company in Mumbai.

The AP/AR Manager will oversee the entire accounts payable and receivable functions, ensuring accurate and timely financial processing, reporting, and compliance with company policies and regulations.

Key Responsibilities:

Accounts Payable Management:

- Oversee the entire accounts payable process, including invoice processing, payment approvals, and vendor management.

- Ensure timely and accurate processing of invoices and payments to vendors.

- Review and reconcile vendor statements, resolving any discrepancies.

- Manage the month-end and year-end closing processes for accounts payable.

- Develop and implement AP policies and procedures to improve efficiency and control.

Accounts Receivable Management:

- Oversee the entire accounts receivable process, including invoicing, collections, and customer account management.

- Ensure timely and accurate processing of customer invoices and payments.

- Monitor and manage aging accounts receivable to ensure timely collections.

- Resolve customer billing issues and disputes promptly.

- Develop and implement AR policies and procedures to improve efficiency and control.

Team Management:

- Lead and mentor the AP/AR team, providing guidance and support to ensure high performance.

- Conduct regular performance reviews and provide feedback for continuous improvement.

- Foster a collaborative and positive work environment within the team.

Financial Reporting and Compliance:

- Prepare and analyze AP/AR reports for management review.

- Ensure compliance with company policies, accounting standards, and regulatory requirements.

- Assist in the preparation of financial statements and audits.

- Maintain accurate and organized financial records and documentation.

Process Improvement:

- Identify and implement process improvements to enhance the efficiency and effectiveness of the AP/AR functions.

- Collaborate with other departments to streamline workflows and improve overall financial operations.

Qualifications:

- Bachelor's/Master's degree in Accounting, Finance, or a related field.

- A minimum of 5-7 years of experience in accounts payable and accounts receivable management, preferably in the automotive industry.

- Strong knowledge of accounting principles, practices, and regulations.

- Proficiency in accounting software and Microsoft Office Suite (Excel, Word, PowerPoint).

- Excellent analytical and problem-solving skills.

- Strong organizational and time management skills with the ability to handle multiple tasks and meet deadlines.

- Effective communication and interpersonal skills.

- Demonstrated leadership and team management abilities.

- Attention to detail and a high level of accuracy.

Preferred Qualifications:

- Experience with ERP systems (e., SAP, Oracle).

- Professional certification (e., CPA, CMA) is a plus.

- Knowledge of GST and other relevant tax regulations in India.