Accounts Payable Associate

1 month ago

Mumbai, India Terviva Full time

Company: Terviva India Private Limited

Job Title: Accounts Payable Associate

Reports to: Manager Finance & Accounting

Annual CTC: INR 800000

Location- Mumbai

About Terviva:

Founded in 2010, Terviva is a food and ag innovation company partnering with communities and farmers to harvest and grow Pongamia, also known as Karanja. Pongamia is a climate-resilient tree which produces abundant, protein- and oil-rich legumes. It sequesters carbon, improves soil health and water quality while growing on land where other crops can’t grow. This helps to avoid deforestation and revitalize agricultural lands and communities around the world.

Terviva has a complex and exciting product portfolio that includes biofuel feedstocks, high-quality edible oils and proteins and bioactives. Our equitable practices ensure a positive impact across the supply chain, while our ability to integrate into existing infrastructure accelerates the transition to more sustainable crops. We are actively selling both the oil and the meal from the beans of the Pongamia tree.

For more information, please see www.Terviva.com

Position Overview:

This position works directly with the F&A Manager (India) on Accounts Payables and related day to day activities. This position will work closely with our India team and under a hybrid work schedule with a minimum of four days per week in our Mumbai headquarters at BKC. 

We are looking for a candidate with a degree in accounting and with experience in Accounts Payables who is willing to learn and grow with an expanding F&A team as it scales the team’s capability to maintain financial records, purchase register, bank payments-bookings, vendor reports, etc. The candidate will be involved in organizing accounting files, posting transactions to Tally, conducting monthly reconciliation and other accounting and administrative projects and activities.   

Ultimately, the candidate’s responsibilities will include an increasing focus on accounting responsibilities to accurately record all day‐to‐day financial transactions of our company, particularly AP and related activities. A desire to learn and grow in the accounting profession is important to grow in this role. Additionally, excellent interpersonal skills are needed for interfacing with management, auditors and other members of the Terviva team.

Requirements

Primary Responsibilities: 

  • Manage the day-to-day AP activities such as ensuring PO is raised correctly, purchases are made against authorized POs, ensuring three-way match before processing payments
  • Review invoices for appropriate documentation and completeness prior to payment
  • Perform invoice and general-ledger data entry into the system on timely basis.
  • Ensure proper GST liability & TDS has been recorded in accounting system
  • Manage bank payments and payment postings on a timely basis.
  • Perform daily bank reconciliation statement and creditors ageing reports for management review
  • Recording and monitoring vendor transactions in case of bean procurement in cash.
  • Execute credit card statement reconciliation
  • Collaborate with respective stakeholders in resolving issues related to invoices received for payment
  • Co-coordinating with stakeholders with regards to vendor creation and approvals
  • Tracking outstanding POs / invoices and coordinating with PO owners to ensure timely payment.
  • Replying to the queries raised by vendors with regards to the invoices, payments, TDS, etc.
  • Monitoring MSME payment on timely basis
  • Preparing monthly statement of payment made to MSME; reporting delayed payments to MSME.
  • Ability to multi-task across verticals
  • Performs other duties as may be required from time to time in a start-up set-up.

Required Skills and Education: 

  • A graduate with around 3 - 4 years of experience in Account Payable role.
  • Highly detail‐oriented with the ability to maintain accuracy in a fast‐paced environment. 
  • Strong organization skills with ability to prioritize workload and meet deadlines. 
  • Strong written and verbal communication.
  • Proficiency in MS Office.

Working at Terviva offers you :

  • The opportunity to make an impact in a fast-growing mission-driven start-up that believes in sustainability, equity and care for our environment and our people.
  • Competitive salary and benefits commensurate with experience.
  • Potential to earn annual bonus, stock options, commensurate with role and experience.
  • Medical and life insurance benefits.

Next Steps

To apply, please respond to the company position below.

Please include your resume and a cover letter telling us about yourself, your experience and why you are well suited for this job with Terviva.

Terviva is an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based on race, creed, color, religion, national origin, ancestry, citizenship status, age, sex, gender, gender identity and expression, disability, medical condition, genetic information, marital status and sexual orientation or other applicable legally protected characteristics. Our leadership team is dedicated to this policy and all employment decisions are made on the basis of qualifications, merit and business need.

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