Financial Operations Specialist

4 days ago


Bengaluru, Karnataka, India Withum Full time

Withum, a nationally recognized Top 25 firm, is a place where talent thrives. Our culture values diversity, inclusivity, and entrepreneurial spirit, driving exponential results through innovative tools and solutions.

About the Role

The Accounts Payable Specialist is a key member of our team, responsible for managing accounts payable functions. This role ensures accurate and timely payments to employees and vendors while maintaining compliance with relevant regulations.

Responsibilities
  • Verify and process invoices for payment, ensuring proper documentation and approvals as per accounting standards.
  • Oversight of daily accounting operations, including employee reimbursements and vendor management.
  • Maintenance of the fixed asset register and accurate recording of asset acquisitions, disposals, and depreciation.
  • Setup and management of new vendors, maintenance of vendor records, and handling of vendor inquiries regarding payment status.
  • Preparation and processing of payments adhere to banking protocols and standards.
  • Reconciliation of accounts payable transactions and resolution of discrepancies.
  • Support of month-end and year-end close processes.
  • Generation and review of accounts payable aging reports and other relevant financial reports.
  • Ensuring compliance with company policies and procedures, as well as relevant accounting standards and regulations.
  • Assistance with external audits by providing necessary documentation, preparing schedules, and presenting detailed explanations.
  • Understanding and compliance with Tax Deducted at Source (TDS) regulations, including monthly payments and quarterly filings.
  • Knowledge of Goods and Services Tax (GST) regulations and compliance.
  • Knowledge of STPI regulations and compliance.


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