Accounts Payable/Accounts Receivable Manager
3 weeks ago
Job Description: Accounts Payable/Accounts Receivable Manager - Automotive Company, Mumbai
Position: Accounts Payable/Accounts Receivable Manager
Location: Mumbai, India
Department: Finance
Reports To: Finance Director
Job Summary:
We are seeking an experienced and detail-oriented Accounts Payable/Accounts Receivable (AP/AR) Manager to join our dynamic automotive company in Mumbai. The AP/AR Manager will oversee the entire accounts payable and receivable functions, ensuring accurate and timely financial processing, reporting, and compliance with company policies and regulations.
Key Responsibilities:
- Accounts Payable Management:
- Oversee the entire accounts payable process, including invoice processing, payment approvals, and vendor management.
- Ensure timely and accurate processing of invoices and payments to vendors.
- Review and reconcile vendor statements, resolving any discrepancies.
- Manage the month-end and year-end closing processes for accounts payable.
- Develop and implement AP policies and procedures to improve efficiency and control.
- Accounts Receivable Management:
- Oversee the entire accounts receivable process, including invoicing, collections, and customer account management.
- Ensure timely and accurate processing of customer invoices and payments.
- Monitor and manage aging accounts receivable to ensure timely collections.
- Resolve customer billing issues and disputes promptly.
- Develop and implement AR policies and procedures to improve efficiency and control.
- Team Management:
- Lead and mentor the AP/AR team, providing guidance and support to ensure high performance.
- Conduct regular performance reviews and provide feedback for continuous improvement.
- Foster a collaborative and positive work environment within the team.
- Financial Reporting and Compliance:
- Prepare and analyze AP/AR reports for management review.
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
- Assist in the preparation of financial statements and audits.
- Maintain accurate and organized financial records and documentation.
- Process Improvement:
- Identify and implement process improvements to enhance the efficiency and effectiveness of the AP/AR functions.
- Collaborate with other departments to streamline workflows and improve overall financial operations.
Qualifications:
- Bachelor's degree in Accounting, Finance, or a related field.
- A minimum of 5-7 years of experience in accounts payable and accounts receivable management, preferably in the automotive industry.
- Strong knowledge of accounting principles, practices, and regulations.
- Proficiency in accounting software and Microsoft Office Suite (Excel, Word, PowerPoint).
- Excellent analytical and problem-solving skills.
- Strong organizational and time management skills with the ability to handle multiple tasks and meet deadlines.
- Effective communication and interpersonal skills.
- Demonstrated leadership and team management abilities.
- Attention to detail and a high level of accuracy.
Preferred Qualifications:
- Experience with ERP systems (e.g., SAP, Oracle).
- Professional certification (e.g., CPA, CMA) is a plus.
- Knowledge of GST and other relevant tax regulations in India.
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