Lead – Accounts Payables

GMMCO

0 years

6 - 9 Lacs

Chennai

Posted:1 day ago| Platform: GlassDoor logo

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Skills Required

accounting payments analysis reporting drive digitization automation sap processing governance documentation transactions efficiency taxation coordination technology effectiveness staffing integration reconciliations reconciliation git report monitoring code data procurement reports audit audits

Work Mode

On-site

Job Type

Part Time

Job Description

Responsible for all trade and other payables accounting, payments, analysis and reporting for GMMCO:

Drive the adoption of standard Operating processes and continuous improvements around Payable accounting.

Drive digitization initiatives and process automation in Payable accounting.

Work with SAP and Digital initiative partners to make the Accounts payable process fully RPA enabled.

Responsible for delivering all P2P processes including Invoice Processing, Expense Posting, Travel and Expenses, period closing and reporting in line with the defined SOPs and control processes.

Making the AP process fully Stat (GST, TDS, TCS) and corporate Governance complied

Ensure availing all GST credits and NIL GST loss with regard to procurements.

Ensure proper documentation for the imports accounting as per statutory requirements.

Ensure that the transactions are carried out within the defined timelines

Ensure strict adherence to pre-determined calendar for month-end and period-end close including preparation of schedules for reporting.

Responsible for identifying cost saving and efficiency improvement opportunities within the process areas

Train the AP team on taxation related matters in coordination with the Taxation Lead

Provide accurate and timely provisions to the GL team

Identify and drive the processes for technology adoption to improve the efficiency & effectiveness in coordination with the upstream & downstream process owners

On a regular basis, enable a review by the Business Partners (e.g. transactional volume, escalations, timeliness etc.) and financial (e.g. accruals, ageing etc.) performance

Manage & develop the team – assess staffing requirements, hiring and integration of new team members, expectation setting and performance management

Monitor the team performance on an ongoing basis and determine the developmental requirements

Responsible for Vendor reconciliations, Employee account reconciliation, GRIR reconciliation, bill posting, GIT reconciliation and booking. Import Vendor Accounts mark to market for Forex difference. Vendor ageing report, MSME payables monitoring,

Review new vendor code creation, Vendor master data review and clean up with procurement, custom duty reconciliation, advance request processing and reconciliation, Vendor / Employee payment list to Banking team for making payment on due dates

Providing the requisite payable reports on periodic basis for MIS, and audit

Dealing with Internal and statutory auditors for audits in payables domain

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