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Job Opportunity

Job Description: Head of Payables

This role involves leading and overseeing the accounts payable function, managing vendor payments, team operations, process improvement, and compliance to ensure robust financial performance and accurate records.

Key Responsibilities:

  • Timely and Accurate Processing: Oversee timely and accurate processing of all payments, vendor invoices, and expense reports.
  • Policies and Procedures: Develop, implement, and monitor payables policies and procedures for efficiency, compliance, and control.
  • Team Leadership: Lead accounts payable team, including hiring, training, goal setting, and ongoing development.
  • Invoice Review: Review, validate, and approve invoices; ensure adherence to company policies, contractual terms, and regulatory requirements.
  • Vendor Relationships: Manage vendor relationships and resolve payment disputes or queries.
  • Record Maintenance: Maintain accurate records and reconciliations; oversee month-end and year-end closing processes for payables.
  • Process Optimization: Optimize payables processes, automation, and risk prevention controls.
  • Metrics Analysis: Prepare, analyze, and report on payables metrics: aging, cash flow, forecasts, and performance.
  • Interdepartmental Coordination: Coordinate with procurement, treasury, and accounting teams to ensure alignment and timely payments.
  • Audit Support: Support financial audits with documentation and process narratives.
  • Continuous Improvement: Drive continuous improvement in payables efficiency, quality, and compliance.

Requirements:

  • Education: Bachelor's degree in Accounting, Finance, or related field; CA/MBA preferred.
  • Experience: 7+ years of accounts payable experience with at least 3 years in a managerial/supervisory role.
  • Skills: Strong expertise in payables processes, team leadership, and compliance management.
  • Tech Skills: Proficiency in ERP/accounting systems and advanced MS Excel.
  • Soft Skills: Excellent organizational, communication, and analytical skills.