Description:
- Develop and execute the shared services strategy for Accounts Payable (AP) and Accounts Receivable (AR).
- Overall, in-charge of all processes AP, AR, bank reconciliation, fixed assets capitalisation etc.
- Analyse costs along with cost management team and provide meaningful insights on cost control measures
- Ensuring complete documentation support for all payments processed & strong vendor on-boarding & regular vendor evaluation process.
- Ensuring compliance with Delegated Authorities & continuous monitoring.
- Working with Resources team and Banks on various bank signatory related activities.
- Ensure along with Tax team various indirect tax requirements.
- Ensuring payments are processes correctly and in timely manner.
- Ensuring documentation support (agreements, proof of service delivery) for all incomes booked including checking from regulatory perspective
- Continuous follow up for debtors, advances, employee advances etc
- Ensure adherence to Service Level Agreements (SLAs) and continuous improvement of processes
- Manage external and internal audit requirements related to AP/AR activities (Statutory, Internal etc.)
- Focused approach on bringing operational efficiencies
- Champion automation and digital tools (RPA, AI, OCR, ERP enhancements) to streamline AP/AR processes
- Ensuring adequate control over fixed assets
- Ensuring bank reconciliations are performed daily and entries are accounted in a timely manner
- Publish various reports on regular & adhoc-basis
- Drive transformation initiatives, including process standardization, automation, and digitalization
- Finance professional (MBA Finance, M.com, CA, ICWA etc.)
Experience: Min 15 years
Functional Competencies:
- Ensure compliance with accounting standards, tax regulations, and company policies
- Strong process orientation
- Cost consciousness
- Serve as the primary point of escalation for AP/AR-related matters
Behavioral Competencies:
- Lead, motivate, and develop a high-performing finance operations team.
- Partner with senior leadership, business units, and corporate functions to align shared services objectives with organizational goals
- Excellent communications skills (both written and spoken)
- Analytical ability and presentation skills
- Go-getter, meticulous, achievement oriented, dependable, willing to stretch and learn
- Customer centricity