Vice President, Accounts Payable, Finance

Business FunctionFinance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

Job Duties & ResponsibilitiesHead of Accounts Payable function would lead and manage all aspects of the Accounts Payable function, ensuring efficient, accurate, and compliant processing of vendor payments while driving continuous improvement and automation. This role demands a highly motivated and experienced leader capable of managing large teams and complex processes in a high-volume, fast-paced environment. Strategic thinking, proactive risk management and regulatory compliance are critical.

Strategic Leadership & Team Management: Lead and mentor a team of 12-14 Accounts Payable professionals. Foster a high-performance culture emphasizing efficiency, accuracy, and collaboration. Develop and implement team strategies to achieve operational targets and drive process improvements.

Manage daily payment queues, workload allocation and escalation resolution. Operational Excellence & Compliance: Oversee all vendor payment processing (domestic and foreign currency). Ensure adherence to SLAs and payment timelines.

Maintain robust internal controls to prevent operational losses and audit issues. Ensure full GST and TDS compliance; proactively address compliance issues and provide requisite support to Central Tax team. Manage GST notices and operational tax matters related to Accounts Payable function.

Financial Reporting & Control: Prepare accurate and timely month-end closing for all AP-related matters (accruals, prepayments). Certify the General Ledger Accounts (GLAO) for accounts under the AP team's purview.

Process Improvement & Automation: Identify opportunities for process improvement and automation. Lead and manage implementation of new technologies and systems. Develop and implement KPIs to monitor progress and measure success.

Stakeholder Management: Build and maintain strong relationships with internal and external stakeholders (senior management, Business / Support teams, auditors). Effectively communicate and collaborate to resolve issues and ensure alignment on priorities. Manage relationships with outsourced service providers, monitoring performance against SLAs.

Required Experience Overall 14 years of post qualification experience in handling of Accounts Payable functions preferably in large organisation with high transaction volumes. Thorough understanding of GST and TDS compliance requirements within Accounts PayableProven experience managing teams of 10 membersHandled external / third-party vendor based operational processes. Education / Preferred QualificationsChartered Accountant (CA), MBA, or relevant postgraduate qualification.

Core CompetenciesStrong leadership and team management skills. Excellent communication, interpersonal, and stakeholder management skills. Advanced proficiency in MS Office Suite.

Proactive problem-solving skills and a results-oriented approach. Strong control mindset and attention to detail. Technical CompetenciesExtensive experience in managing the Accounts Payable function in a large organization.

In-depth knowledge of accounting principles and practices. Comprehensive understanding of GST and TDS compliance relating to vendor payment processing.