Aurolab - Assistant Manager - Accounts Payable

3 weeks ago

Chennai, Tamil Nadu, India AUROLAB TRUST Full time

Job Summary:

- An Accounts Payable (AP) Manager oversees the entire accounts payable process, ensuring invoices are processed accurately and paid on time, while managing a team and maintaining vendor relationships.

- They are responsible for supervising staff, implementing and improving processes, and ensuring compliance with company policies and regulations.

Brief job responsibilities:

- Ensure the receipt of Goods received Note from stores and quality team on time which will ensure the booking of vendor payable on time.

- Making vendor payments on time by using digital payment platform of banks.

- Approval of vendor master creation.

- Knowledge of MSME act with respect to vendor payable.

- Circulation of balance confirmation statements, Vendor reconciliation and signoff by both the parties.

- Preparing and analyzing reports related to accounts payable, such as aging reports and payment schedules.

- Validation of non-stock and service invoices booking and payment.

- Proper closure of Import Data Processing and Monitoring System (IDPMS) outstanding in RBI portal.

- Verification of foreign supplier/service payments, TDS applicability, arranging of Form 15CB from Auditors.

- Verification of quarterly ETDS returns.

- Identifying opportunities to improve efficiency and streamline the AP process, potentially through automation or other changes.

- Working with other departments (Supply chain, Quality, stores etc) to ensure smooth flow of transactions.

- Managing and mentoring a team of 5 members in Payable team.

Key Skills and Qualification:

- Experience in any ERP accounting software (Microsoft Business Central ERP knowledge is preferable).

- Working knowledge in MS Excel.Com / MBA with minimum 5 years of work experience or CA with 3 years work experience.

(ref:iimjobs.com)

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