AM/Manager - Accounts Payable

Key Responsibilities:

1. Leadership & 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.

2. 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.

3. 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 (NEFT/RTGS/cheques).

4. Controls & 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.

5. 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.

6. 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.