Job
Description
Role Purpose: The Assistant Manager - Accounts Payable is responsible for overseeing the end-to-end accounts payable process, ensuring timely vendor payments, maintaining accurate financial records, and implementing process improvements. This role requires strong analytical skills, compliance with company policies, and collaboration with internal and external stakeholders. Designation: Assistant Manager - Accounts Payables Base Location: Navi Mumbai Reporting to: Sr Manager Finance. Key Responsibilities Accounts Payable Management Oversee the accounts payable process, ensuring timely and accurate invoice processing, approvals, and payments. Monitor key financial indicators such as HOLD invoices and Advance invoices , ensuring regular tracking and resolution. Ensure proper three-way matching of invoices, purchase orders, and receipts. Manage vendor reconciliations and resolve discrepancies in a timely manner. Ensure compliance with company policies and regulatory requirements for all payables. Financial Reporting & Analysis Review and analyse AP aging reports to monitor outstanding liabilities. Assist in monthly and year-end closing processes, ensuring all payables are recorded accurately. Prepare reports on payment trends, outstanding liabilities, and process improvements. Support internal and external audits by providing necessary documentation and explanations. Process Improvement & Compliance Identify inefficiencies in the AP process and implement automation or process enhancements. Ensure adherence to internal controls and financial policies. Work closely with procurement and finance teams to enhance payment workflows. Stakeholder & Vendor Management Liaise with vendors to address payment inquiries and discrepancies. Collaborate with internal teams, including procurement, treasury, and finance, to ensure smooth operations. Negotiate payment terms with vendors to optimize cash flow management. Team Leadership & Support Supervise and mentor junior AP team members, ensuring effective workload distribution. Conduct training sessions on AP policies and best practices. Skills & Competencies: Strong knowledge of AP processes, financial controls, and ERP systems. Awareness and up to date knowledge of GST, Income Tax & TDS compliance. Proficiency in accounting software (SAP, Oracle, etc.). Analytical mindset with attention to detail. Excellent communication and negotiation skills. Ability to manage multiple priorities in a fast-paced environment. 6-10 years experience in Accounts Payables, with at least 2-3 Years experience in Supervisory role. Education & Qualifications: Bachelor s degree in accounting, Finance, or related field (CA, CMA, or MBA preferred). Key Performance Indicators (KPIs) Timely processing of invoices and payments. Reduction in outstanding payable aging. Accuracy in financial reporting and compliance adherence. Vendor satisfaction and resolution of disputes. Implementation of process improvements and automation. .
