Manager - Accounts Payable - Group Functions

4 weeks ago

Mumbai, Maharashtra, India UpGrad Full time
Key Responsibilities:● Team Leadership & Development:○ Supervise and mentor the accounts payable team, providing strong guidance,training, and regular performance evaluations.○ Delegate tasks effectively to team members and ensure the timely and accuratecompletion of all accounts payable work.● End-to-End Accounts Payable Oversight:○ Oversee the entire accounts payable process, from the initial receipt of invoicesthrough to payment processing and reconciliation.○ Ensure accurate and timely payment of all invoices, strictly adhering to companypolicies, internal controls, and agreed-upon payment terms.● Reconciliation & Dispute Resolution:○ Regularly reconcile supplier statements with internal records and proactivelyresolve any discrepancies or issues that arise.● Financial Reporting & Analysis:○ Prepare and analyze comprehensive accounts payable reports, including agingreports and payment forecasts.○ Actively assist in critical month-end and year-end closing procedures to ensurefinancial books are closed accurately and on time.○ Support in the preparation and submission of Management Information System(MIS) reports.● Audit & Compliance:○ Actively participate in internal and external audits, providing necessarydocumentation and explanations to ensure full compliance.○ Ensure all accounts payable operations adhere to relevant regulations, internalpolicies, and audit standards.● Process Improvement & Automation:○ Identify areas for operational enhancement within the accounts payablefunction.○ Implement efficient processes and controls to continuously improve accuracy,compliance, and overall efficiency.○ Contribute to and support SAP integration and automation initiatives within thefinance function.

Qualifications:● Bachelor's degree in Commerce, Accounting, or a related field● Minimum 6-10+ years of progressive experience in Accounts Payable, with at least (3-5years) in a managerial or team-handling role within a reputable organisation.● Mandatory hands-on experience with SAP for Accounts Payable processes.● Proven experience in successfully managing and mentoring a team.● Demonstrated experience in closing books and preparing/submitting MIS reports.● Strong understanding of internal controls and financial accounting principles.● Familiarity with SAP integration and automation tools/concepts is a significant plus.● Excellent attention to detail, strong organisational, and time management skills.● Good communication and interpersonal skills, with the ability to collaborate effectivelyacross departments.

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