Senior Executive- Accounts Payable
1 month ago
Role Overview:
The Accounts Payable Senior Executive is responsible for managing and overseeing the entire accounts payable process, ensuring accurate and timely processing of invoices, expense reports, and vendor payments. This role also involves maintaining strong relationships with vendors and internal stakeholders, ensuring compliance with organizational policies and financial regulations.
Key Responsibilities:
Invoice Processing:
- Review, verify, and process invoices accurately and on time.
- Match invoices to purchase orders and resolve discrepancies.
Payment Management:
- Prepare and execute payment runs (electronic transfers, checks, etc.).
- Ensure timely payment to vendors and maintain a clear record of payment schedules.
Vendor Management:
- Maintain vendor records, including contact information, tax details, and payment terms.
- Handle vendor queries and resolve payment issues promptly.
Reconciliation:
- Perform monthly reconciliation of accounts payable ledgers and vendor statements.
- Ensure all outstanding balances are identified and addressed.
Compliance and Reporting:
- Ensure adherence to internal financial controls and compliance with regulatory requirements.
- Prepare and present periodic accounts payable reports to management.
Process Improvement:
- Identify and recommend opportunities to streamline the accounts payable process.
- Collaborate with cross-functional teams to improve workflows.
Team Collaboration:
- Support junior team members with training and guidance.
- Work closely with procurement, treasury, and other departments for seamless operations.
Qualifications and Skills:
Education:
- Bachelor’s degree in Accounting, Finance, or a related field.
Experience:
- 3+ years of experience in accounts payable or a similar role.
- Experience with ERP systems like Zoho Books and Tally.
Skills:
- Strong knowledge of accounts payable processes and financial principles.
- Proficiency in MS Office, particularly Excel.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Attention to detail and ability to work under tight deadlines.
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