Assistant Accounts Payable Manager

2 days ago

Bengaluru, Karnataka, India Moveinsync Technology Solutions Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Role & responsibilities

1. Invoice Processing & Payments:

  • Oversee end-to-end AP operations including invoice receipt, verification, and posting in ERP.
  • Ensure timely and accurate processing of vendor invoices, employee reimbursements, and other payables.
  • Review and approve payment runs as per company policies.
  • Monitor aging reports and ensure no overdue payments.

2. Vendor Management:

  • Act as a point of contact for vendor queries and resolve disputes promptly.
  • Maintain updated vendor master data and ensure compliance with KYC and tax requirements.
  • Negotiate payment terms and assist in vendor reconciliations.

3. Compliance & Controls:

  • Ensure adherence to internal controls, company policies, and statutory regulations (GST, TDS, withholding tax, etc.).
  • Support internal and external audits by providing necessary documentation and clarifications.

4. Month-End & Reporting:

  • Assist in month-end close activities including AP accruals and reconciliations.
  • Prepare and review AP reports such as aging, outstanding advances, and vendor balances.

5. Process Improvement:

  • Identify process gaps and recommend automation or efficiency improvements.
  • Implement best practices for AP function to enhance accuracy and turnaround time.

6. Team Management:

  • Guide and mentor team members to achieve performance goals.
  • Allocate tasks and monitor team productivity.

Required Skills & Competencies:

  • Strong knowledge of Accounts Payable processes and accounting principles.
  • Good understanding of taxation laws (GST, TDS, WHT) and compliance requirements.
  • Hands-on experience with ERP systems (SAP / Oracle / NetSuite / MS Dynamics).
  • Advanced proficiency in MS Excel (Pivot tables, VLOOKUP, etc.).
  • Strong analytical and problem-solving skills.
  • Excellent communication and stakeholder management abilities.
  • Ability to work under tight deadlines and manage multiple priorities.

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