Accounts Payable Specialist

Job Description

D Accounts Payable Invoice Processing: Receive, Review & Process Invoices for timely Payment. Verify invoice accuracy including matching with PO and Contact. Resolve any issue related to invoice and work closely with internal stakeholders. Accounting of Invoices with accurate TDS and GST as applicable. Payment Processing: Ensure timely vendor payment as per payment terms through integrated portal of bank and S4 Hanna Ensure Timely foreign vendor payment in compliance with RBI and Income tax requirements. Ensure Timely Statutory payment (TDS, GST, Advance Tax ,Professional Tax custom duty.etc) Ensure Timely utility & Employees reimbursement payment. Compliance & documentation Ensure statutory compliance while accounting Vendor invoices Preparation of data for quarterly TDS return Maintain accurate documentation of procurement and payment activity Assist in audit and tax assessment by providing necessary documentation and support. Maintain Statutory payment tracker. Month End/Year End Activities Providing accurate accrual details within the timeline for MIS. Preparing and review trade payable and advance ageing. Following up for closure of advance paid with the internal stakeholders. Preparing bank reconciliation on monthly basis. Preparing Intercompany reconciliation on monthly basis. Preparing Vendor reconciliation on quarterly basis. Ensure completeness of expenses accounting within the timeline for MIS preparation Tracking GRIR & Clearing account on regular basis and ensure that GRIR and Clearing get Nil at each month end Preparing other reports required for MIS purposes. Process Improvement Identify the opportunities to streamline and improve the procure to pay process. Proposed and implement process enhancements to increase efficiency and effectiveness. Skill and Knowledge requirements Good Communication skill Knowledge of TDS and GST law. Hands on Experience of SAP S4 Hanna (FICO Module) Proficiency in Microsoft office Good accounting knowledge. Ability to prioritize task and manage time effectively.