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Accounts Payable Head

2 months ago

Mumbai, India Hiranandani Financial Services Full time

Key Responsibilities:


- Maintain control over all AP transactions on a daily basis and oversee the AP process to ensure smooth and accurate operations.

- Identify, analyze, and resolve discrepancies, errors, and irregularities in AP transactions.

- Develop and implement new processes to streamline and improve the AP function, and monitor and control AP activities to enhance efficiency and effectiveness.

- Manage financial reporting related to the AP function, ensuring accuracy and timeliness.

- Analyze, validate, and reconcile AP accounts, control accounts, sundry creditors, advances, and related accounts.

- Identify and resolve AP-related issues promptly.

- Ensure compliance with statutory requirements such as TDS, GST, and other payments to authorities, and ensure timely payment of statutory dues.

- Maintain and manage sundry creditors' balance with ageing reports and vendor advance balance with ageing reports.

- Review and control the work of payment process partners, provide guidance and training to ensure smooth operations, data quality, and control.

- Ensure accurate vendor accounting in the accounting software.

- Ensure timely and accurate monthly closure of AP accounts.

- Continuously improve AP processes and build robust controls.

- Conduct data analysis and share insights with the finance team.

- Ensure smooth implementation and operation of vendor payment modules, such as Exba and Expenzing.

- Manage and supervise the AP team, ensuring effective performance and professional development.


Qualifications and Skills:


- Bachelor's degree in Accounting, Finance, or a related field (Master’s degree or professional certification preferred).

- Proven experience in managing AP functions and teams.

- Strong understanding of AP processes, financial reporting, and statutory compliance.

- Proficiency in accounting software and AP systems.

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

- Ability to lead, train, and develop a high-performing AP team.