Accounts Payable Process Optimization Lead
3 days ago
About Zepto
Zepo is India's fastest-growing e-grocery company, valued at $1.4 Billion following its recent Series-E fundraising of $200 Million from global investors. We are a tech-driven company with a strong focus on innovation and customer satisfaction.
Job Overview
The Senior Manager - Reporting and Automation role plays a critical part in driving the growth and efficiency of our Accounts Payable (AP) department. You will oversee the day-to-day operations, ensuring accurate and timely invoice processing, payments, and reconciliations. Your expertise will be instrumental in developing and implementing process improvements and automation initiatives to optimize AP workflows.
Main Responsibilities
- Accounts Payable Management & Reporting:
- Oversee the day-to-day operations of the AP department, ensuring timely and accurate processing of invoices, payments, and reconciliations.
- Develop and manage AP reporting, providing insights into key performance metrics such as DPO (Days Payable Outstanding), payment trends, and aging reports.
- Prepare monthly, quarterly, and annual financial reports related to Accounts Payable and assist in the preparation of the month-end and year-end closing.
- Ensure adherence to internal controls and compliance with company policies, IndAS, and regulatory requirements.
- Process Improvement & Automation:
- Lead automation initiatives to optimize and streamline the AP process, leveraging RPA/OCR, AI, or other technologies to reduce manual efforts and improve efficiency.
- Work closely with IT and other departments to implement and integrate automation solutions for invoice processing, approval workflows, and payment procedures.
- Identify areas of inefficiency and bottlenecks within the AP function and recommend improvements to processes, workflows, and tools.
- Develop and maintain KPIs to track the effectiveness of automation and process improvements.
What We Offer
- A competitive salary range of ₹60-80 Lakhs per annum, based on your experience and qualifications.
- An exciting opportunity to work with a dynamic team in a fast-paced environment.
- The chance to make a meaningful impact on our company's growth and efficiency.
- A collaborative and supportive work environment.
Requirements
- Proven experience in Accounts Payable management and process improvement.
- Strong knowledge of accounting principles, including IndAS.
- Excellent analytical and problem-solving skills.
- Ability to work effectively in a team environment.
- Strong communication and interpersonal skills.
Why Join Us?
- Be part of a dynamic and innovative team that is revolutionizing the Indian grocery segment.
- Have the opportunity to grow and develop your career in a rapidly expanding company.
- Enjoy a challenging and rewarding work environment.
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