AGM - Accounts Payable (10-20 yrs)

2 weeks ago


Bengaluru, Karnataka, India iimjobs Full time
Role description

This is a high impact visibility role. The AGM - AP will be a leader, reporting into the Finance Controller responsible for Procure to Pay cycle.

Responsibilities

As a Head of P2P , your responsibilities would be as follows:

  • Scrutinize the expense and vendor ledgers to ensure expenses are accounted under proper GL/Cost & profit Centre with appropriate supporting and Narration
  • Develop, implement and monitor appropriate P2P Controls such as
  • Vendor onboarding validations/Vendor Master Maintenance/ Agreement checking/ Invoice Approvals etc.
  • Identify areas for automation in the P2P process and evaluate and implement BOTs and RPAs.
  • Period closure controls such as purchase & expenses provisioning, Cross charges, Prepaid expense allocation, cost allocation from common cost Centre to departmental cost center, Control a/c reconciliation, report variance analysis of expenses actual vs budget
  • Define SOPs for invoice booking and other checks such as three way matching of PO/GRN and Invoice, resolving mismatches if any and validation of agreements & arrangements with various vendors.
  • Vendor aging report, vendor balance reconciliation and ensuring payments are done as per the credit period arrangement with each vendor.
  • Responsible for appropriate TDS/TCS deduction/collections as per the Income Tax Act and rules and filing of returns on time.
  • Responsible for GST accounting, reconciliation with GSTR 2A and follow up with vendors to make sure that no input credit is missed.
  • Handling escalations and communications with the cross functions and vendors

EXPERTISE AND QUALIFICATIONS

  • Prior experience of heading Accounts Payable function for a company having turnover >500cr
  • Hands on experience in setting up SOPs
  • Prior experience of SAP is mandatory
  • Experience of heading transformation or Technology infusion in AP function is preferred
  • Experience in handling imports and LC Payments etc are must
6. Fair understanding of Indian Taxes such as TDS, GST

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