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Accounts Payable Head
2 months ago
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.