Escon Elevators

2 weeks ago

Mumbai Metropolitan Region, India ESCON Elevators Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Key & Strategy

  • Lead and manage the AP team to ensure efficient operations and adherence to financial policies.
  • Develop and implement AP strategies to improve cash flow, DPO (Days Payable Outstanding), and cost efficiencies.
  • Collaborate with procurement, project, and treasury teams to synchronize AP Operations with business needs.

Vendor Management

  • Oversee vendor onboarding, documentation, and KYC processes.
  • Ensure timely reconciliation and resolution of vendor disputes.
  • Maintain healthy vendor relationships while balancing company cash flow.

Payment Processing

  • Ensure accurate and timely processing of supplier invoices, advances, retention money, and milestone-based payments.
  • Monitor adherence to payment terms, contractual obligations, and credit cycles.
  • Approve high-value payments and manage payment run schedules & Compliance
  • Establish strong internal controls to prevent errors, fraud, or duplicate payments.
  • Ensure compliance with GST, TDS, and other statutory requirements in AP transactions.
  • Coordinate with internal and external auditors for periodic audits.

Systems & Process Improvements

  • Drive automation and digitalization in AP processes (e.g., OCR-based invoice entry, SAP/ERP workflows).
  • Streamline invoice approval hierarchies and implement robust workflows for faster turnaround.
  • Track and report AP KPIs and prepare dashboards for senior management.

Project & Capex Payables

  • Oversee AP related to large capex and project purchases, including contractor/vendor milestone payments.
  • Ensure accurate matching of purchase orders (POs), goods receipt notes (GRNs), and invoices for capital items.

Qualifications & Experience

  • CA/CMA/M Com or equivalent.
  • 10+ years of experience in accounts payable or procure-to-pay, with at least 5 years in a leadership role.
  • Prior experience in engineering, EPC, or capital goods industry is mandatory.
  • Strong understanding of project-based accounting, vendor contracts, and taxation.

Skills Required

  • In-depth knowledge of Tally Software.
  • Strong analytical and problem-solving skills.
  • Leadership and team management.
  • Excellent communication and vendor negotiation skills.
  • Familiarity with GST, TDS, and other statutory regulations

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