Accounts Payable Specialist

Here's a Job Description (JD) for an Accounts Payable Specialist on a one-year contract, with 5-7 years of experience, offering 8 LPA, located in Sarjapura, Bengaluru:

Accounts Payable Specialist (Contract)

Location: Sarjapura, Bengaluru, Karnataka, India Experience: 5 - 7 years Compensation: Up to ₹8 LPA Contract Duration: 12 Months

We're looking for an experienced and detail-oriented Accounts Payable Specialist to join our finance team on a one-year contract. The ideal candidate will have a strong understanding of accounts payable processes, excellent reconciliation skills, and the ability to work efficiently in a fast-paced environment.

Responsibilities

• Invoice Processing: Accurately process a high volume of vendor invoices, ensuring proper coding, approvals, and adherence to company policies. This includes verifying purchase orders (POs) and goods receipt notes (GRNs) against invoices.
• Payment Processing: Prepare and process electronic payments (NEFT/RTGS/UPI) and cheque runs in a timely and accurate manner, ensuring all necessary approvals are obtained.
• Vendor Management: Maintain strong relationships with vendors, addressing inquiries, resolving discrepancies, and ensuring accurate vendor master data.
• Reconciliations: Perform regular vendor statement reconciliations to ensure all invoices are recorded and paid, and identify and resolve any discrepancies.
• Expense Reports: Process employee expense reports, ensuring compliance with company travel and expense policies.
• Month-End Close: Assist with month-end closing activities related to accounts payable, including preparing accruals and reports.
• Reporting: Generate various AP reports as required by management, providing insights into vendor payments and outstanding liabilities.
• Compliance: Ensure all accounts payable activities comply with internal controls, accounting standards (e.g., Ind AS, IFRS), and tax regulations (e.g., TDS).
• Process Improvement: Identify opportunities to streamline and improve accounts payable processes, enhancing efficiency and accuracy.

Qualifications

• Education: Bachelor's degree in Accounting, Finance, Commerce, or a related field.
• Experience: 5-7 years of hands-on experience in an Accounts Payable role, preferably in a corporate environment.
• Technical Skills:
• Proficiency in accounting software (e.g., SAP, Oracle, Tally ERP 9).
• Advanced Microsoft Excel skills (pivot tables, VLOOKUPs, data analysis).
• Knowledge:
• Solid understanding of end-to-end accounts payable processes.
• Knowledge of Goods and Services Tax (GST) and Tax Deducted at Source (TDS) regulations in India.
• Familiarity with financial reporting principles.
• Soft Skills:
• Excellent attention to detail and accuracy.
• Strong analytical and problem-solving abilities.
• Effective communication skills, both written and verbal.
• Ability to work independently and as part of a team.
• Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines.

How to Apply:

We encourage you to apply! Please share your resume with us on 99646 40472 (WhatsApp or call) or mail it to info.kudosconsultancy@gmail.com.

Job Type: Full-time

Pay: From ₹500,006.89 per year

Benefits:

• Health insurance

Schedule:

• Day shift

Work Location: In person