AVP- Payables

Company Description

Xander Talent is dedicated to building exceptional teams by acting as strategic partners in the dynamic business landscape. Rooted in integrity, innovation, and adaptability, we provide customized HR solutions that meet our clients' unique needs. We prioritize transparency, honesty, and ethical practices, ensuring reliable and accountable relationships. Our innovative approach leverages cutting-edge technologies to stay ahead of HR challenges, while our adaptable strategies are tailored to each organization's evolving needs.

Industry : we are not looking for BPO/KPO industry candidates

Role Description

This is a full-time on-site role for an AVP- Payables located in Gurugram. The AVP- Payables will oversee the management of the accounts payable process, ensure accurate and timely financial statements, and maintain compliance with accounting standards. Key responsibilities include analyzing financial information, developing and implementing procedures to improve payment processes, and liaising with vendors and other departments to resolve issues. This role requires strong analytical capabilities and a thorough understanding of finance and accounting principles.

We are seeking a candidate to manage the Accounts Payable function, with strong and in-depth knowledge in this area with 16 yrs + of experience

Please consider candidates who currently report to a CFO, as they will be familiar with the organizational hierarchy. The notice period should be up to 
Immediate or Max 30 days.

Job Purpose :

To Provide overall leadership to processes related to accounts payable process, ensuring accurate and timely processing of invoices and payments

Key Accountabilities :

Strategic Activities

• To Provide overall leadership to processes related to accounts payable process, ensuring accurate and timely processing of invoices and payments
• Build efficient systems and processes for accounts payable with a view of delivering value to both internal and external stakeholders
• Identify opportunities to streamline and improve the efficiency and accuracy of the accounts payable processes.
• Implement best practices and automation solutions to enhance productivity and reduce manual tasks
• Develop sufficient mitigating measures and controls to reduce any financial risk and exposure identified

Accounts Payable

• Direct and oversee the accounts payable, execution of monthly revenue close, ensuring accurate results are delivered on time for reporting in accordance with GAAP
• Implement and monitor internal controls in all accounts payable processes & manage ageing analysis and exception handling
• Leading teams that Review and understand customer contract terms and ensure proper accounting treatment of for the same
• Ensure adherence to all legal and regulatory compliances and provide all the necessary entries at the time of closure of books
• Lead the team responsible for accurate, complete, and timely billing & collections with closure of all related audit issues & support
• Support in development of payment processes and policies to ensure that internal controls are in place
• Drive the payments processing operations with necessary verification and authorization to ensure that all payments and bill/ claim settlements are done accurately and timely manner to avoid risks for the organization

Team Management

• Set the functional goals and objectives and ensure the cascading of the same to the reporting departments and guide their achievement
• Provide direction and advice to the direct reports in performing their delegated responsibilities
• Oversee the overall performance of direct reports and ensure KPI's are well communicated and monitored