AGM - Accounts Payable

Role description

This is a high impact visibility role. The AGM - AP will be a leader, reporting into the Finance Controller responsible for Procure to Pay cycle.

Responsibilities

As a Head of P2P , your responsibilities would be as follows:

- Scrutinize the expense and vendor ledgers to ensure expenses are accounted under proper GL/Cost & profit Centre with appropriate supporting and Narration

- Develop, implement and monitor appropriate P2P Controls such as - Vendor onboarding validations/Vendor Master Maintenance/ Agreement checking/ Invoice Approvals etc.

- Identify areas for automation in the P2P process and evaluate and implement BOTs and RPAs.

- Period closure controls such as - purchase & expenses provisioning, Cross charges, Prepaid expense allocation, cost allocation from common cost Centre to departmental cost center, Control a/c reconciliation, report variance analysis of expenses - actual vs budget

- Define SOPs for invoice booking and other checks such as three way matching of PO/GRN and Invoice, resolving mismatches if any and validation of agreements & arrangements with various vendors.

- Vendor aging report, vendor balance reconciliation and ensuring payments are done as per the credit period arrangement with each vendor.

- Responsible for appropriate TDS/TCS deduction/collections as per the Income Tax Act and rules and filing of returns on time.

- Responsible for GST accounting, reconciliation with GSTR 2A and follow up with vendors to make sure that no input credit is missed.

- Handling escalations and communications with the cross functions and vendors

EXPERTISE AND QUALIFICATIONS

1. Prior experience of heading Accounts Payable function for a company having turnover >500cr

2. Hands on experience in setting up SOPs

3. Prior experience of SAP is mandatory

4. Experience of heading transformation or Technology infusion in AP function is preferred

5. Experience in handling imports and LC Payments etc are must

6. Fair understanding of Indian Taxes such as TDS, GST