
Accounts Payable Business Leader
19 hours ago
This leadership role focuses on spearheading the accounts payable function, prioritizing operational efficiency and regulatory compliance. The successful candidate will oversee all aspects of invoice processing, ensuring accuracy and timeliness while adhering to established controls and financial regulations.
- The ideal candidate will be responsible for managing end-to-end invoice processing for various types of invoices, including PO-based, non-PO-based, DPR, LC, and import invoices. They must ensure that all processes are compliant with internal controls, GST, SOX, and relevant financial regulations.
- In this position, you will oversee and optimize invoice workflows, including 3-way/2-way matching, exception handling, and resolution of discrepancies such as blocked invoices, pricing/quantity variances, and GR/IR clearing. Collaboration with procurement, receiving, treasury, and HR teams is essential for success.
- Drive automation initiatives and system enhancements in collaboration with IT and ERP teams (SAP Hana, Nimble, Vendor invoice management tools) to improve invoice posting accuracy and efficiency.
- Mentor and lead the invoice processing team, fostering high performance, knowledge sharing, and adherence to best practices while managing escalations and acting as the primary liaison for business unit queries.
- Monitor and analyze invoice processing performance metrics, SLA adherence, aging, and blocked invoice reports; prepare and present comprehensive reports and strategic insights to the AP SSC Head.
- Ensure audit readiness and quality assurance by maintaining thorough documentation, supporting internal and external audit processes, and continuously improving process controls and SOPs.
- Collaborate with finance teams to support AP sub-ledger reconciliations, month-end accruals, and financial close activities in alignment with organizational goals.
- Champion compliance with statutory requirements including GST, tax certificates, 15CA/CB forms for imports, internal AP policies, and regulatory guidelines to maintain operational integrity and risk mitigation.
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