AP/AR Manager Specialist

1 day ago

Mumbai, Maharashtra, India beBeeAccountant Full time ₹ 90,00,000 - ₹ 1,50,00,000
Accounts Payable/Accounts Receivable Manager Job Description

This role involves overseeing the entire accounts payable and receivable functions, ensuring accurate and timely financial processing, reporting, and compliance with company policies and regulations.

Key Responsibilities:
  • Accounts Payable Management:
    • Manage the accounts payable process, including invoice processing, payment approvals, and vendor management.
    • Process invoices and payments to vendors in a timely and accurate manner.
    • Review and reconcile vendor statements, resolving discrepancies.
    • Conduct month-end and year-end closing processes for accounts payable.
    • Develop and implement AP policies and procedures to improve efficiency and control.
  • Accounts Receivable Management:
    • Oversee the accounts receivable process, including invoicing, collections, and customer account management.
    • Process customer invoices and payments in a timely and accurate manner.
    • Monitor and manage aging accounts receivable to ensure timely collections.
    • Resolve customer billing issues and disputes promptly.
    • Develop and implement AR policies and procedures to improve efficiency and control.
  • Team Management:
    • Lead and mentor the AP/AR team, providing guidance and support to ensure high performance.
    • Conduct regular performance reviews and provide feedback for continuous improvement.
    • Foster a collaborative and positive work environment within the team.
  • Financial Reporting and Compliance:
    • Prepare and analyze AP/AR reports for management review.
    • Ensure compliance with company policies, accounting standards, and regulatory requirements.
    • Assist in the preparation of financial statements and audits.
    • Maintain accurate and organized financial records and documentation.
  • Process Improvement:
    • Identify and implement process improvements to enhance the efficiency and effectiveness of the AP/AR functions.
    • Collaborate with other departments to streamline workflows and improve overall financial operations.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or a related field.
  • A minimum of 5-7 years of experience in accounts payable and accounts receivable management, preferably in the automotive industry.
  • Strong knowledge of accounting principles, practices, and regulations.
  • Proficiency in accounting software and Microsoft Office Suite (Excel, Word, PowerPoint).
  • Excellent analytical and problem-solving skills.
  • Strong organizational and time management skills with the ability to handle multiple tasks and meet deadlines.
  • Effective communication and interpersonal skills.
  • Demonstrated leadership and team management abilities.
  • Attention to detail and a high level of accuracy.

Preferred Qualifications:

  • Experience with ERP systems (e.g., SAP, Oracle).
  • Professional certification (e.g., CPA, CMA) is a plus.
  • Knowledge of GST and other relevant tax regulations in India.

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