Accounts Payable Lead

Title: Accounts Payable Lead

Department: Finance/Accounting

Location: www.giva.co /Bangalore (JP Nagar 9th Phase)

Job Summary:

Accounts Payable Lead

Key Responsibilities:

Accounts Payable Management

• Lead the accounts payable team in processing invoices, expense reports, and payments.
• Ensure invoices are coded correctly and approved in accordance with company policy.
• Manage the payment cycle activities including weekly and monthly payment runs.

Vendor Management

• Act as the primary point of contact for vendor inquiries and issues.
• Develop and maintain strong vendor relationships to ensure timely dispute resolution and favorable payment terms.
• Reconcile vendor statements and resolve any discrepancies.

Team Leadership

• Supervise, train, and mentor the accounts payable staff, providing guidance and support.
• Assist in hiring, onboarding, and developing new team members.
• Conduct performance reviews and provide feedback to team members to improve productivity.

Process Improvement

• Evaluate and recommend improvements to accounts payable processes, procedures, and systems.
• Implement best practices and efficiencies to streamline the AP workflow.
• Ensure compliance with internal controls, audit requirements, and company policies.

Reporting & Analysis

• Prepare and analyse accounts payable reports, aging summaries, and other financial reports as needed.
• Assist in month-end, quarter-end, and year-end closing processes.
• Provide data and analysis for internal and external audits.

Compliance & Documentation

• Ensure compliance with tax regulations, company policies, and SOX (Sarbanes-Oxley) requirements, if applicable.
• Maintain proper documentation and records for all transactions.
• Monitor and enforce adherence to payment schedules, approval processes, and vendor management standards.

Qualifications:

Education

Bachelor's degree in Accounting, Finance, or related field. Equivalent work experience may be considered.

Experience

• 7+ years of experience in accounts payable or related accounting roles.
• 2+ years of leadership or supervisory experience preferred.

Technical Skills

• Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and ERP systems.
• Advanced skills in Microsoft Excel and data analysis.
• Familiarity with e-invoicing and digital payment platforms is a plus.

Soft Skills

• Strong leadership and team management skills.
• Excellent organizational and problem-solving abilities.
• High attention to detail and accuracy.
• Strong communication and interpersonal skills.
• Ability to work under pressure and meet deadlines.

Key Competencies:

• Detail-oriented and highly organized.
• Strong analytical and problem-solving skills.
• Ability to prioritize tasks and manage multiple responsibilities.
• Strong vendor negotiation and relationship management.
• Proactive in identifying and implementing process improvements.

Working Conditions:

• Standard office environment.
• May require occasional overtime during peak financial periods (e.g., month-end close).
• Hybrid or remote work options may be available depending on company policy.