Accounts Payable Manager (NBFC)

Requirements

Accounts Payable Manager

NBFC (Non-Banking Financial Company)

Key Responsibilities:

• Accounts Payable Operations: Oversee the complete Accounts Payable process, including invoice receipt, validation, approvals, and timely disbursement of payments to vendors.
• Invoice Verification & Processing: Review and verify all vendor invoices for accuracy and completeness, ensuring they are aligned with internal policies and regulatory standards including GST, TDS, and other applicable compliances.
• Vendor Management: Lead vendor onboarding, ensuring all documentation is collected and verified. Maintain regular communication with vendors regarding invoice status, payment timelines, and query resolution.
• P2P Management: Ensure efficient handling of the Procure-to-Pay cycle, maintaining robust control over the entire lifecycle from purchase order to final payment.
• Reconciliation & Reporting: Maintain up-to-date and accurate records of all AP transactions. Conduct monthly reconciliations of vendor accounts, resolve discrepancies, and support the month-end closing process.
• Payment Processing: Manage timely payments to vendors through online banking platforms like RTGS, NEFT, etc., ensuring internal approvals and documentation are in place.
• Compliance & Controls: Ensure compliance with internal financial controls, accounting standards, and audit requirements. Work closely with auditors during statutory and internal audits.
• Process Improvement: Continuously identify opportunities to automate, streamline, and enhance the efficiency of the accounts payable process through the adoption of best practices and digital tools.
• Team Collaboration: Collaborate with procurement, finance, and other internal teams to resolve payment-related issues, ensure process alignment, and maintain smooth operations.
  

Key Skills & Qualifications:

• Bachelor's degree in Accounting, Finance, Commerce, or related field; a Master's degree or professional certification is a plus.
• 3+ years of hands-on experience in Accounts Payable, preferably within NBFC or BFSI sectors.
• Strong knowledge of vendor management, invoice processing, GST/TDS compliance, and P2P cycle.
• Proficiency in financial systems, ERP tools, and MS Excel.
• Excellent communication, problem-solving, and organizational skills.
• Ability to manage multiple priorities, meet tight deadlines, and drive operational accuracy.
• Experience with audit support and financial reconciliations.