Escon Elevators - Assistant Manager/Manager - Accounts Payable

Key Responsibilities:

Leadership & Strategy

- Lead and manage the AP team to ensure efficient operations and adherence to financial policies.

- Develop and implement AP strategies to improve cash flow, DPO (Days Payable Outstanding), and cost efficiencies.

- Collaborate with procurement, project, and treasury teams to synchronize AP Operations with business needs.

Vendor Management

- Oversee vendor onboarding, documentation, and KYC processes.

- Ensure timely reconciliation and resolution of vendor disputes.

- Maintain healthy vendor relationships while balancing company cash flow.

Payment Processing

- Ensure accurate and timely processing of supplier invoices, advances, retention money, and milestone-based payments.

- Monitor adherence to payment terms, contractual obligations, and credit cycles.

- Approve high-value payments and manage payment run schedules (NEFT/RTGS/cheques).

Controls & Compliance

- Establish strong internal controls to prevent errors, fraud, or duplicate payments.

- Ensure compliance with GST, TDS, and other statutory requirements in AP transactions.

- Coordinate with internal and external auditors for periodic audits.

Systems & Process Improvements

- Drive automation and digitalization in AP processes (e.g., OCR-based invoice entry, SAP/ERP workflows).

- Streamline invoice approval hierarchies and implement robust workflows for faster turnaround.

- Track and report AP KPIs and prepare dashboards for senior management.

Project & Capex Payables

- Oversee AP related to large capex and project purchases, including contractor/vendor milestone payments.

- Ensure accurate matching of purchase orders (POs), goods receipt notes (GRNs), and invoices for capital items.

Qualifications & Experience:

- CA/CMA/M Com or equivalent.

- 10+ years of experience in accounts payable or procure-to-pay, with at least 5 years in a leadership role.

- Prior experience in engineering, EPC, or capital goods industry is mandatory.

- Strong understanding of project-based accounting, vendor contracts, and taxation.

Skills Required:

- In-depth knowledge of Tally Software.

- Strong analytical and problem-solving skills.

- Leadership and team management.

- Excellent communication and vendor negotiation skills.

- Familiarity with GST, TDS, and other statutory regulations