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Accounts Payable Executive

2 weeks ago

Bengaluru Karnataka, India Space Matrix Design Consultants Full time

We are seeking an **Accounts Payable Executive **for our Bengaluru office.
For a newly set up shared services team, you will be responsible for providing support to the onshore and offshore teams to ensure accuracy and timeliness of payments to vendors and employees. Also, ensuring the transactions are processed in accordance with the regulations, established policies and procedures and within the SLAs.

**Specific Responsibilities**
- Vendor bill verification and accounting.
- Manage vendor/ supplier relations, accurate processing of invoices, purchase orders, expense reports, credit memos and payment transactions.
- Deduction of TDS at proper rates, creation of details for TDS return filling, verification of GST input credit.
- Regular review and controlling of Creditors and advance accounts.
- Co-ordination with banking SPOC for all related works.
- Ensure regular vendor reconciliation, bank reconciliation and closure of reconciliation points, if any.
- Plan and manage bi-weekly vendor outflow depending on the company and project cashflows.
- Handle audit queries related to accounts payable function.
- Monitor and track monthly vendor invoice collection against client invoicing, to minimize the tax outflow.
- Monitor back-to-back vendor payment in line with the PO terms and GST law.
- Compute Percentage of Work Completion (POC) workings as per the Accounting Standards.
- Assigning budgets for the projects in line with the project budget.
- Ensure all compliances timely payments all to international locations.
- Timely reporting of vendor ageing and B2B workings.
- Responsible for strengthening and automating the processes under responsibility area.

**Requirements**:
**What we expect**
- Working knowledge of TDS and GST is essential.
- SAP ERP knowledge is essential.
- Should be a good team player.
- Should be able to communicate effectively with subordinates, managers as well as external persons like consultants, vendors & customers.

**Benefits**

**Who we are