
Accounts Payable Role at IKS Navi Mumbai
7 days ago
Job Description: Accounts Payable Specialist
IKS Navi Mumbai is looking for a meticulous and experienced Accounts Payable Specialist to manage vendor invoice processing, GST & TDS compliance, payments, and reconciliation activities. The ideal candidate will have a strong understanding of Indian accounting standards, hands-on experience with accounting ERP systems, and excellent communication skills.
Key Responsibilities:
- Receive, verify, and process a high volume of vendor invoices, ensuring accuracy and compliance with company policies.
- Perform 3-way matching of invoices with Purchase Orders (PO) and Goods/Services Received Notes (GRN).
- Obtain necessary payment approvals from relevant departments.
- Handle vendor queries, resolve discrepancies, and reconcile vendor statements periodically.
- Maintain and update vendor master data and process employee expense reimbursements timely.
- Ensure GST compliance, including accurate application of IGST, CGST, and SGST on vendor invoices.
- Reconcile GSTR-2A/2B reports with company accounts and follow up on discrepancies.
- Calculate TDS on applicable payments, prepare and file quarterly TDS returns (Forms 26Q/27Q).
- Reconcile TDS with Form 26AS and resolve mismatches.
- Record payment transactions accurately in the accounting system.
- Assist in bank reconciliations and support month-end and year-end closing activities.
- Generate accounts payable aging reports, cash flow analyses, and vendor expense summaries.
- Maintain organized financial records for audit purposes and assist in internal and external audits.
- Collaborate with finance teams to ensure smooth financial operations and support MIS reporting.
Qualifications:
- Bachelors degree in Commerce (B.Com) or related field.
- Minimum 3 years of experience in Accounts Payable within the Indian accounting environment.
- Proficiency with accounting software such as Tally ERP, SAP, Oracle, or Zoho Books.
- Strong MS Excel skills, including functions for data analysis and reporting.
- In-depth knowledge of GST regulations and TDS provisions.
- Excellent attention to detail, problem-solving, and analytical abilities.
- Good communication skills and ability to manage vendor relationships effectively.
- Ability to work independently and meet deadlines while managing multiple tasks.Role & responsibilities
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