Job
Description
Manage end-to-end accounts payable process, including invoice verification, posting, and timely processing of vendor payments. Ensure adherence to company payment policies, terms, and approval workflows. Monitor and manage the AP aging report and follow up on due and overdue payments. Handle vendor queries and ensure timely resolution of payment-related issues. Coordinate with internal departments (procurement, operations) to verify purchase orders and resolve discrepancies. Reconcile vendor statements and accounts regularly to ensure data accuracy. Maintain and update payment records, including bank transactions and payment advice. Process payments through various methods including NEFT, RTGS, IMPS, cheques, and online banking portals. Support month-end and year-end closing activities related to AP. Assist with internal and external audits by providing relevant documentation and reports. Ensure compliance with statutory requirements such as GST, TDS, etc., related to vendor payments. Requirements: Bachelors degree in Commerce, Finance, or related field. 5 years of experience in Finance/Accounts with a strong focus on Accounts Payable. Proficiency in accounting software (Tally, SAP, Oracle, or similar ERP systems). Solid knowledge of payment terms (Net 30, Net 60, etc.), early payment discounts, and various payment methods. Strong attention to detail, organizational skills, and ability to meet deadlines. Good understanding of GST, TDS, and other applicable regulations. Strong interpersonal and communication skills. Preferred Qualifications: Experience working in a medium to large-scale organization. Familiarity with vendor onboarding and KYC compliance processes. Exposure to process automation or digital payment tools is a plus.
