Escon Elevators

3 weeks ago

Mumbai, India Escon Elevators Full time

Key & Strategy- Lead and manage the AP team to ensure efficient operations and adherence to financial policies.- Develop and implement AP strategies to improve cash flow, DPO (Days Payable Outstanding), and cost efficiencies.- Collaborate with procurement, project, and treasury teams to synchronize AP Operations with business needs.Vendor Management- Oversee vendor onboarding, documentation, and KYC processes.- Ensure timely reconciliation and resolution of vendor disputes.- Maintain healthy vendor relationships while balancing company cash flow.Payment Processing- Ensure accurate and timely processing of supplier invoices, advances, retention money, and milestone-based payments.- Monitor adherence to payment terms, contractual obligations, and credit cycles.- Approve high-value payments and manage payment run schedules & Compliance- Establish strong internal controls to prevent errors, fraud, or duplicate payments.- Ensure compliance with GST, TDS, and other statutory requirements in AP transactions.- Coordinate with internal and external auditors for periodic audits.Systems & Process Improvements- Drive automation and digitalization in AP processes (e.g., OCR-based invoice entry, SAP/ERP workflows).- Streamline invoice approval hierarchies and implement robust workflows for faster turnaround.- Track and report AP KPIs and prepare dashboards for senior management.Project & Capex Payables- Oversee AP related to large capex and project purchases, including contractor/vendor milestone payments.- Ensure accurate matching of purchase orders (POs), goods receipt notes (GRNs), and invoices for capital items.Qualifications & Experience:- CA/CMA/M Com or equivalent.- 10+ years of experience in accounts payable or procure-to-pay, with at least 5 years in a leadership role.- Prior experience in engineering, EPC, or capital goods industry is mandatory.- Strong understanding of project-based accounting, vendor contracts, and taxation.Skills Required:- In-depth knowledge of Tally Software.- Strong analytical and problem-solving skills.- Leadership and team management.- Excellent communication and vendor negotiation skills.- Familiarity with GST, TDS, and other statutory regulations (ref:iimjobs.com)

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