Finance Executive

Position

Accounts Payable

Function

Finance

Place of Service

Bangalore

Reporting To

Manager

We are seeking a detail-oriented and experienced Accounts Payable Associate to manage end-to-end accounts payable operations. This role will handle monthly book closures, provisions, prepaid expense accounting, creditors reconciliations, audit support, and MIS reporting.

Responsibilities and Mandate

Accounts Payable Operations

• Process vendor invoices and ensure timely and accurate payments.
• Monitor AP aging and ensure compliance with payment terms.
• Liaise with vendors to resolve discrepancies and maintain strong vendor relationships.

Monthly Book Closure

• Ensure all AP entries are posted and reconciled before monthly financial closure.
• Review expense cut-offs and coordinate with relevant departments for completeness.

Monthly Provisions

• Calculate and book monthly provisions for unbilled expenses and liabilities.
• Validate provision entries with past trends and future estimates.

Prepaid Expenses

• Track and amortize prepaid expenses monthly.
• Ensure correct classification and timely recognition of expenses.

Creditors Reconciliation

• Perform monthly reconciliation of vendor balances.
• Investigate and resolve mismatches between company books and vendor statements.

Audit Support

• Prepare AP-related audit schedules and supporting documents.
• Respond to internal and external audit queries.
• Ensure adherence to internal controls and accounting policies.

MIS Reporting

• Generate AP MIS reports: AP aging, vendor-wise spend, due payments, etc.
• Provide analysis to support management decision-making and budgeting.

Education :

B.Com from a recognized university.

Experience :

Minimum 1 to 3 years of relevant work experience