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01/10 Rubbi
Partner Sourcing- AGI at Live Connections Placements Private Limited

Views:247 Applications:51 Rec. Actions:Recruiter Actions:49

Lead - Payables - SaaS (10-13 yrs)

Bangalore Job Code: 1163094

PAYABLES LEAD

Looking for Candidates from SAAS based companies ONLY

Location : Bangalore

Role reporting into : Finance Controller

Does this role have direct reports : Yes. 4-5 person.

Job Responsibilities :

Improving and monitoring of operational and economic performance:

- Searches for areas in which productivity could be improved and optimizes the cost/efficiency ratio of operational processes and Metrics.

- Develop a deep understanding of organization products, customer use cases, competitive solutions and the industry landscape.

- Own, prepare and publish periodic dashboards on payable management with all relevant KPI's.

- Lead, provide direction, supervise Accounts Payable Function for organization across globe.

- Build issues / error resolution mechanism and ensure timely payments to all stakeholders.

- Timely processing of all employees related travel and other claims.

- Ownership of Bank reconciliation process.

- Providing all necessary support with periodic book close process.

- Augment in the daily cash management & forecasting process.

- Actively looking for constant process improvement and productivity enhancement of the team.

- Providing support to other team members and management on all other ad-hoc requirements.

- Identify tools and automation requirements to improve productivity of team members.

Monitoring commitments and risk management:

- Helps to manage risks and litigation and supervises their resolution.

- Own Accounts Payable SOP.

- Build process / checks for verifying duplicate payments.

- Develop anti - fraud controls for payments/ invoicing process.

- Ensuring invoices have been verified with PO, GRN / SRN, Quality Report / Service Utilization Report before pushing to the payments queue.

- Ensuring all system controls are in place.

Contribution to accounts:

- Contributes to the quality of the function by providing information on any element or event likely to have an impact on the result.

- Takes responsibility to ensure the coherence of operational indicators and financial results in monthly financial reports.

Targets/budget:

- Ensuring TAT for all payments.

- At least 80% invoice (value and volume) to be paid on time.

- Ensuring complete compliance with "ZERO" exceptions with GST, TDS, VAT, Customs, and other regulatory compliance's associated with payments.

- Ensuring timely payment to MSME vendor/Priority vendor/Utility/Employee on or before due date.

- Periodic review of clearing accounts. No items to be open beyond 30 days.

- Periodic vendor reconciliation (at least 10 in a quarter), TDS and GST reconciliation (as per requirements).

- Ensure function is anytime audit ready. Ensure Internal Financial Controls in place.

- Builds and presents the business plans

External corporate relations:

- Customers, suppliers, tax authorities, auditors, banks.

- Relationship building with associated Banking partners.

What you'll need:

- Strong accounting background with analytical skills.

- Have relevant experience in managing P2P workflow.

- Experienced in working with new age applications and tools related to P2P process.

- Excellent with MS Excel ; able to visualize & standardize monthly / quarterly financial dashboards / reports.

- Ability to manage volume with accuracy.

- Ability to lead a team of 7 to 10 people by setting all right examples.

- Ability to manage consultants for processing, tax filing and other associated

- Good verbal & written communications skills along with strong listening and presentation skills.

- Ability to multi-task, prioritize, and manage time effectively.

- Possesses an energetic and friendly demeanor for being a great collaborator.

- CA/ICWA Inter, MBA/B. Com & M. Com with minimum 10 years of relevant experience.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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