Posted By
Posted in
Banking & Finance
Job Code
1238162
Associate Manager (Accounts Payable)
1) Job /Position description:
- Vendor Hygiene and maintaining various controls.
- Bank Reconciliation and conformations.
2. Accountabilities / Responsibilities:
- Accountability Supporting Actions
Controlling & Monitoring of Vendor balances, Vendor Reporting:
- Preparation of reports and review of vendor advances, hold balances & ageing.
- Monthly clearing of balances and vendor open line items.
- Review of transactions with vendor and blocking of vendors for pending NDCs.
- Arranging recoveries from vendors for GST mismatch & Debit Balances.
Controlling GRIR Balances, Ensuring recoveries and System Developments:
- Preparation of reports and review of Desk Wise GRIR, circulations to Desk Heads and reversal of excess provisions & reopening of provision as per need.
- Monitoring of recoveries of Insurance claims & shortages from Transporters.
- Quarterly arrangement of NDCs from transporters.
- Yearly TDS deduction on provisions & GR/IR and subsequent review for adjustment.
- Controlling MSMED Vendor Balances.
Vendor Reconciliations & Balance Confirmations:
- Preparation of Vendor reconciliations, periodical arrangement of balance confirmations & maintenance of Tracker for future control & reporting to various desks & Users.
- Passing necessary vendor write off/write back entries after ensuring approval requirements as per DOA.
- Arranging TDS recoveries from Govt vendors/exchanges by providing necessary TDS Certificates & workings.
- Monitoring & reconciling balances of Chemical & Packing Vendors, MFS & Port Vendors.
Daily BRS reporting & Completion of Audit:
- Preparation of daily BRS & circulation to respective team for passing necessary entries.
- Arranging reverse files from banks & follow up with user for permanent resolution.
- Daily bank balances report preparation.
- Arranging Quarterly Bank confirmations for Audit purpose & closure of Audit issues relating to BRS.
- Assisting in opening of new Bank GLs, closure of unused GLs.
Monitoring of Bank Guarantees:
- Checking of all PBGs/ABGs with predefined format, validation with PO terms & Conditions & highlighting deficiencies to user.
- Arranging BG confirmation from bank & activating BG in system.
- Monitoring near to expiry BGs & arranging extension/expiration of BG after checking validation points & recovery from vendor.
Implementation of New Processes:
- Reporting and Technical Support - Periodic meetings with Desk Heads for resolution of open items and discussion on processes.
- Monthly dashboard for CFO.
- Developments of various SAP reports for better controls.
- Co-ordinating with IBM team for trouble shooting.
- Review of CRs, approval of KDD/RSA BVP and co-ordination with IBM & end user for UAT confirmation.
Books closure:
- Reclass entries in vendor for advances, current non-current reclass, and GST ITC Balances reclass.
- Preparation of audit schedules & audit of the same.
- Prepare segment reporting schedule
- Assisting in various developments in Pilog for better controls.
Vendor Master Management:
- Reviewing vendor master data, arranging necessary master controls.
- Hygiene for unused Tax codes, monitoring limit of Lower TDS Vendors, grouping of vendors in proper category, identifications of risks & gaps in current vendor master.
- Assisting in various developments in Pilog for better controls.
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Posted By
Posted in
Banking & Finance
Job Code
1238162
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