Accounts Payable Manager

Role & responsibilities

Job Purpose:

To lead and manage the Accounts Payable function by ensuring timely and accurate processing of vendor payments, statutory compliance, financial reporting, and continuous process improvements.

Key Responsibilities:

• Ensure timely preparation and analysis of accounts payable reports including aging analysis, vendor performance, and cash flow projections.
  
• Monitor and follow up on open POs, GR/IR, and vendor advances, ensuring timely clearing and adherence to payment terms.
  
• Ensure compliance with MSME regulations, SHA/LA clauses, and timely payroll-related accounting and disbursements.
  
• Prepare and circulate periodic MIS reports, assist in fund planning, and manage investment of surplus funds.
  
• Support in the preparation of monthly/quarterly financial statements (IND AS/I GAAP) and ensure compliance in related party transactions.
  
• Handle statutory compliances including timely TDS deduction/payment, GST filings, and tax return preparations.
  
• Coordinate and close internal/statutory audit observations related to accounts payable.
  
• Lead and develop the AP team through performance management and training initiatives.
  

Key Performance Indicators (KPIs):

• Accuracy & Timeliness of AP reports and payments
  
• Compliance with statutory and audit requirements
  
• Timely closure of audits and financial reporting
  
• Effective fund management and MIS reporting
  
• Process optimization and cost reduction initiatives
  

Internal Interactions:

• Treasury, Operations, Secretarial, Tax, Receivables, Internal Audit, Other Group Entities
  

External Interactions:

• Statutory Auditors, Tax Authorities, Consultants, Vendors, Bankers
  

Financial Dimensions:

• End-to-end responsibility for booking and clearing of AP invoices
  
• Ensuring timely payments and statutory dues compliance
  
• Submission of accurate and timely MIS reports