Magenta EV Solutions - Manager - Accounts Payable

Job Summary :

- The Manager - Accounts Payable is responsible for overseeing the organization's accounts payable function, ensuring accurate and timely processing of invoices and payments, maintaining strong internal controls, and managing vendor relationships.

- The role also involves leading the AP team, ensuring compliance with statutory and company policies, and supporting audits and financial reporting.

Key Responsibilities :

Accounts Payable Management :

- Oversee end-to-end accounts payable operations, including invoice processing, validation, posting, and payment.

- Ensure timely and accurate vendor payments in line with agreed terms.

- Monitor AP aging and resolve overdue or disputed items.

Vendor & Internal Coordination :

- Manage vendor relationships and resolve payment or invoice discrepancies.

- Coordinate with procurement, operations, and other departments for invoice approvals and issue resolution.

Compliance & Controls :

- Ensure compliance with accounting standards, internal controls, and company policies.

- Ensure adherence to applicable tax regulations (GST/VAT, TDS/withholding tax, etc.).

- Support internal and external audits by providing required documentation and explanations.

Process Improvement :

- Review and improve AP processes to enhance efficiency and accuracy.

- Drive automation and effective use of ERP and workflow systems.

- Implement best practices and standard operating procedures.

Reporting & Cash Flow :

- Prepare AP reports including aging, payment forecasts, and MIS reports.

- Support cash flow planning and working capital management.

Team Leadership :

- Lead, train, and develop the accounts payable team.

- Set goals, monitor performance, and ensure adherence to SLAs and deadlines.

Qualifications & Experience :

Education :

- Bachelor's degree in Accounting, Finance, or Commerce

- Professional qualification (CA / CPA / CMA / MBA Finance) preferred

Experience :

- 5-10 years of experience in accounts payable or accounting functions

- 3-5 years in a supervisory or managerial role

- Experience with ERP systems like ZOHO

Skills & Competencies :

- Strong knowledge of accounts payable processes

- Good understanding of taxation and statutory compliance

-Analytical and problem-solving skills

- Attention to detail and accuracy

- Strong communication and leadership skills

- Ability to work under pressure and meet deadlines