Accounts Payable Lead

Job Title

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Department

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About Us

Senior Executive - Accounts (Accounts Payable Lead)

Job Summary

Senior Executive - Accounts

Key Responsibilities

Accounts Payable Management

• Oversee the complete accounts payable function, ensuring timely and accurate processing of invoices and payments.
• Validate and approve vendor invoices in alignment with company policies and statutory regulations.
• Handle complex vendor reconciliations and resolve discrepancies.
• Manage Vendor advance payment, to maintain stringent control over the same and to provide a monthly report on vendor advance to the Finance manager.
• To maintain control over the Goods receipt and invoice receipt process.
• Valuation of Inventory.
• Maintain proper books of accounts in relation the Accounts Payable function.

Team Leadership

• Supervise and mentor the accounts payable team to achieve operational efficiency.
• Delegate tasks and manage workload to meet deadlines effectively.

Compliance and Audits

• Ensure comprehensive end-to-end compliance with GST provisions, from accurate transaction accounting to the timely and precise filing of GSTR 3B, in full conformity with GST regulations.
• Ensure compliance of TDS regulations, timely payment of TDS and seamless filing of TDS returns as per the Income tax Act.
• Support internal and external audits by preparing necessary documentation, reconciliations and reports.

Process Improvement

• Identify opportunities for automating and optimizing accounts payable processes.
• Implement best practices to enhance accuracy and reduce processing time.

Reporting

• Prepare periodic accounts payable reports, including aging analysis and cash flow forecasting.
• Collaborate with the finance team for MIS reporting and financial planning.

Qualifications

Educational Background

• Experience

  : 3-5+ years of experience in finance and accounting, with a focus on accounts payable.

Technical Skills

• Proficiency in accounting software (e.g., Tally, SAP, or other ERP systems).
• Strong knowledge of GST, TDS, and other statutory compliance.
• Advanced skills in MS Office.

Soft Skills

• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• Ability to manage and lead a team effectively.

Preferred Attributes

• Prior experience in the e-commerce or retail industry will be an advantage.
• Exposure to process automation or digital payment systems is a plus.