Accounts Payable Director
3 weeks ago
Job Title: Accounts Payable Manager
About the Role:
The Accounts Payable Manager will be responsible for overseeing the accounts payable team, ensuring the accuracy and efficiency of financial transactions, and maintaining compliance with statutory and tax regulations.
Key Responsibilities:
- Maintain a comprehensive record of vendor information, transactions, and payment terms.
- Generate vendor reports for management review as needed.
- Supervise and lead the accounts payable team, providing guidance and training as necessary.
- Ensure the team's efficiency and accuracy in processing invoices and payments.
- Oversee the disbursement of cash payments and ensure proper documentation and authorization.
- Reconcile bank accounts to ensure accurate financial records and identify discrepancies.
- Administer monthly salary, advances, and loans to staff.
- Coordinate with HR for payroll-related tasks.
- Manage payments and compliance related to Provident Fund (PF), Employee State Insurance Corporation (ESIC), Professional Tax (PT), Gratuity, Bonus, Incentives, and other statutory obligations.
- File and pay Taxes Deducted at Source (TDS) and Electronic Tax Deducted at Source (ETDS) returns as per regulatory requirements.
- Match GST input credits with GSTR 2A and ensure compliance with Goods and Services Tax (GST) regulations.
- Review annual accounts and liaise with auditors for any necessary adjustments.
- Ensure the accurate and timely finalization of monthly and annual accounts.
- Support Management Information System (MIS) reporting by providing necessary financial data and analysis.
- Collaborate with banks to address financial issues, reconcile statements, and manage banking relationships.
Requirements:
- Preferred CA / Inter CA or MBA
- Proven experience in accounts payable and financial management.
- Excellent organizational, leadership, and communication skills.
- Proficiency in accounting software and Microsoft Excel.
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