Accounts Payable Lead

Job Description

Role & responsibilities Oversee the end-to-end invoice processing cycle, including receipt, validation, compliance checks, posting, and payment of invoices. Ensure timely 3-way matching of PO-based and 2-way matching of non-PO invoices in SAP as per defined SOPs. Monitor invoice aging and ensure timely clearance to avoid delays or penalties. Coordinate with sourcing and business teams to resolve discrepancies in POs, GRNs, and invoice details Ensure compliance with approval hierarchies, financial SOPs, and audit trail. Monitor cash outflows, forecast payment obligations, and support working capital management. Work with banks for payment uploads, confirmations, and issue resolution. Assist in managing bank mandates, signatories, and related documentation. Conduct periodic reviews of AP-related GL accounts to ensure integrity and accuracy. Assist in resolving discrepancies and maintaining correct accounting entries. Ensure adherence to internal controls, company policies, and statutory regulations. Prepare and support internal and statutory audits with required documentation and analysis. Implement maker-checker controls, duplicate invoice checks, and system-based validations to eliminate errors and fraud. Lead AP-related month-end closing activities, including GR/IR reconciliation, vendor aging reports, and accruals. Ensure timely and accurate financial reporting related to payable. Act as a point of contact for internal stakeholders (procurement, treasury, business units) and external partners (vendors, auditors). Handle escalations and ensure timely resolution of vendor queries. Participate in cross-functional meetings to align on open issues, cost control, and process improvements. Preferred candidate profile Excellent interpersonal skills to manage relationships with vendors, internal stakeholders, and senior leadership. Hands on experience in SAP FICO module, including vendor master, invoice processing and Payment Processing. Strong Knowledge in GST, TDS, and Vendor Compliance.