Travelex India - Manager - Accounts Payable/Accounts Payable

Job Description:

Role Title - AP/AR - Manager

Reports to - Head of Finance Operations

Role purpose:

We are seeking an experienced and detail-oriented AP_AR Manager with 10-15 years of progressive experience in managing accounts payable and accounts receivable functions. The deal candidate should have a strong background in financial operations, deep expertise in Oracle ERP systems. This role requires exceptional organizational skills, a strategic mindset, and the ability to lead a team in a fast-paced and evolving business environment.

Key accountabilities:

Accounts Payable (AP):

- Oversee the entire AP cycle, including invoice processing, approvals, payments, vendor reconciliations, and month-end close activities.

- Ensure compliance with internal controls, company policies, and regulatory requirements.

- Manage escalations & resolve disputes on a day-to-day basis.

Accounts Receivable (AR):

- Supervise AR functions including billing, collections, credit management, and cash application.

- Monitor customer account balances, oversee aging reports, and implement strategies to reduce Outstanding aged items.

- Coordinate with onshore team and local support teams to resolve any aged items.

Systems & Process Improvement:

- Utilize Oracle ERP to manage and optimize AP/AR workflows.

- Leverage system capabilities for automation, reporting, and enhanced financial controls.

- Identify process improvement opportunities and implement best practices to increase efficiency and accuracy.

Leadership & Reporting:

- Lead, mentor, and develop a team of AP/AR professionals.

- Provide accurate and timely financial reporting, including AP/AR metrics, KPIs, and variance analysis.

- Support audits, budget processes, and financial planning activities.

Communication:

- Proactive and regular communications with the business and other areas of finance.

- Actively communicate and seek feedback from colleagues and customers,

- Play a participative part in team briefs.

- Be proactive in the provision of feedback and the delivery of ideas to develop and improve processes

Qualifications:

- Bachelor's degree in accounting, Finance, or related field; or MBA preferred.

- 10-15 years of experience in AP/AR management, with at least 5 years in a leadership role, may be relaxed for deserving candidates

- Strong hands-on experience with Oracle ERP systems is required.

- Proficiency in Excel and financial reporting tools.

- Excellent analytical, problem-solving, and communication skills.

- Demonstrated ability to lead teams and manage cross-functional relationships.

Preferred Skills:

- Experience in a multinational or shared services environment.

- Exposure to process automation tools or robotic process automation (RPA).

- Familiarity with SOX compliance and other audit standards

Note : We are looking for candidates based in Mumbai only