Senior Manager - Accounts Payable

KRA:

Invoice Processing & Accuracy:

- Ensure timely and accurate processing of vendor invoices.

- Verify invoices against purchase orders, contracts, and goods receipt notes.

- Maintain compliance with company policies and statutory requirements.

Vendor Management:

- Maintain accurate vendor master data.

- Handle vendor queries and resolve disputes promptly.

- Build strong vendor relationships to ensure smooth payment cycles.

Payment Processing:

- Schedule and process vendor payments as per agreed terms.

- Ensure timely disbursement of payments (cheques, NEFT, RTGS, etc.).

- Monitor and manage advance payments and their settlements.

Reconciliations & Reporting:

- Perform vendor account reconciliations on a periodic basis.

- Ensure accuracy of accounts payable sub-ledger and general ledger.

- Prepare AP-related MIS reports (Aging, Open items, etc.).

Compliance & Controls:

- Ensure adherence to GST, TDS, and other statutory compliance.

- Support internal and external audits with required documentation.

- Maintain proper documentation and records for all AP transactions.

Process Improvements:

- Identify opportunities for automation and efficiency in AP processes.

- Implement best practices to minimize errors and delays.

- Drive cost savings through better payment terms and vendor negotiations.

Team Collaboration & Support:

- Coordinate with procurement, finance, and other departments for smooth workflows.

- Provide support for month-end and year-end closing activities.

- Train junior staff on AP processes and compliance requirements.