Omkar Realtors and Developers - Accounts Payable Manager

Person will be responsible for day to day bill processing, preparing purchase order, releasing of payment, bank reconciliation, passing accounting entries for fixed assets and payroll, accounting for prepaid expenses and provision for expenses, Intercompany reconciliation and balance confirmation. Person should coordinate with respective function/dept for bill processing/payment etc.

Roles & Responsibilities

- Creating purchase order/work order in SAP and prepare MIGO and SES and expenses booking

- Process MIRO after verification of invoice and supporting, Process includes matching POs with invoices, multi item invoice entry.

- Prepare vendor ageing report.

- Ensure deduction of applicable TDS while bill processing.

- Pay vendors as per payment cycle; scheduling and preparing checks; resolving purchase order, contract, invoice, or payment discrepancies and documentation

- Pays employees by receiving and verifying expense reports and requests for advances; preparing checks

Bank Reconciliations

- Passing prepaid and provision for expenses entries

- Passing accounting entries for Fixed assets and Payroll

- Regular checking of intercompany balances and provide quarterly balance confirmation

- Regular Scrutiny of vendor and general ledger, Investigate and resolve discrepancies or issues with invoices, payments, or vendor accounts.

- Verifies vendor accounts by reconciling monthly statements and related transactions

- Timely settlement of vendor/employee advances

- Maintain accurate records of transactions, invoices, payments, and expenses.

- Accomplishes accounting and organization mission by completing related results as needed

- Ensure compliance for Internal Control for Financial Reporting

- Assist in monthly closure of accounts

- Various MIS as per requirement of management, eg:- advances, retention money, mobilisation advances, creditors outstanding balances etc.

- Ensure compliance with company policies, accounting principles, and legal requirements.

Requirement:-

- Experience in SAP must

- Good accounting conceptual knowledge covering accruals, prepaid, asset, expense, liability and depreciation.

- Should be able to process invoices with good speed

- Proficiency in MS Excel or similar tools