Deputy Finance Manager - Accounts Payable Lead

Job Title: Accounts Payable Lead (Deputy Manager Finance)

Department : Finance

Location : Mumbai

Reports to : CFO- F&B

Job Summary:

The Accounts Payable Lead is responsible for overseeing the accounts payable processes, managing vendor relationships, and coordinating with various teams within the organization to ensure timely and accurate invoice processing and payments. This role requires strong communication, organizational, and problem-solving skills, as well as a keen attention to detail.

Key Responsibilities:

Invoice Processing:

- Review and process invoices accurately and efficiently.

- Ensure invoices are properly coded, approved, and documented.

- Resolve discrepancies or issues related to invoices promptly.

Vendor Management:

- Maintain positive relationships with vendors and suppliers.

- Address vendor inquiries and resolve payment discrepancies.

- Negotiate payment terms and discounts where applicable.

Coordination with Central Payable Team:

- Collaborate with the central payable team to streamline processes and ensure consistency in accounts payable procedures.

- Communicate any relevant updates or issues to the central team.

Store Team Collaboration:

- Work closely with the store team to ensure accurate tracking and recording of inventory and related invoices.

- Assist in reconciling inventory counts with financial records.

- Supply Chain Management (SCM) Team Coordination:

- Partner with the SCM team to verify the accuracy of purchase orders and receipts.

- Ensure timely processing of SCM-related invoices.

Payment Processing:

- Prepare and schedule payment runs, adhering to payment terms and discount opportunities.

- Maintain payment records and ensure compliance with internal controls.

Month-End and Year-End Close:

- Assist in month-end and year-end closing activities related to accounts payable.

- Prepare necessary reports and accruals.

Compliance and Reporting:

- Ensure compliance with company policies, tax regulations, and accounting standards.

- Generate accounts payable reports and provide insights to management as needed.

Process Improvement:

- Continuously identify opportunities to streamline and improve accounts payable processes.

- Implement best practices to increase efficiency and accuracy.

Qualifications:

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

- Proven experience in accounts payable or a similar role, with leadership or supervisory experience preferred.

- Strong knowledge of accounting principles and practices.

- Proficiency in accounting software and Microsoft Excel.

- Excellent communication and interpersonal skills.

- Detail-oriented with strong analytical and problem-solving abilities.

- Ability to meet deadlines and work effectively in a fast-paced environment.