AVP – Accounts Payable (8+ years in corporate)

We’re Hiring an AVP - Client Servicing

Its client base spans 200+ organizations across BFSI, loyalty, retail, and e-commerce sectors, including major names like HDFC Bank, Amazon, SBI, Axis Bank, Payback, Paytm, Colgate, Asian Paints, Dell, and Havells, and it services the top 12 private sector banks.

Holding 70% of the market share and covering 90% of the market footprint, the company has achieved over 150% year-on-year growth for the past three years.

Location - Delhi (5 days WFO)

Position Overview:

We are seeking a highly skilled AVP – Accounts Payable to lead and manage our Accounts Payable (AP) function. The ideal candidate will be responsible for overseeing all AP operations, ensuring compliance, process automation, and handling vendor relationships effectively. The role requires strong leadership, accounts payable expertise in Indian accounting, and exceptional communication skills to coordinate with internal teams and external stakeholders.

Key Responsibilities:

1. Team Leadership: Lead and manage a team of 5-7 AP professionals, driving productivity and performance.

2. Vendor & Supplier Payments: Ensure timely, accurate processing of payments to vendors and suppliers in line with organizational policies. Manage vendor relationships and resolve payment-related issues effectively.

3. Accounting Compliance: Ensure accurate booking of purchase costs in the books of accounts in accordance with Indian Accounting Standards. Oversee the preparation of Standard Operating Procedures (SOPs) for all AP processes.

4. Reimbursement Handling: Supervise employee reimbursement processes, ensuring policy compliance and timely settlements.

5. Taxation & Compliance: Ensure compliance with TDS and GST regulations for all payments and reconciliations. Handle indirect and direct taxation-related queries.

6. Month-End Closures: Create month-end provisions and manage the month-end closing process effectively. Perform timely reconciliation of vendor accounts and bank statements, including balance confirmations.

7. Process Automation: Drive automation initiatives for AP processes and reconciliations to improve efficiency and reduce manual errors. Lead continuous process improvement efforts.

8. Reporting & Analysis: Generate detailed financial reports related to accounts payable for internal stakeholders. Track and analyze AP metrics to ensure targets and KPIs are met.

9. Stakeholder Coordination: Work closely with external clients, brands, and internal teams to ensure smooth AP operations and issue resolution.

Qualifications & Skills:

Educational Background:CA/CMA with a minimum of 8 years of relevant experience (at least 5 years in a corporate setting)

Technical Skills:

o Expertise in vendor & bank reconciliations.

o Proficiency in TDS and GST compliance.

o Well-verse with various provisions of MSME Acts.

o Hands-on experience with Tally or any other major ERP tool.

o Solid understanding of employee reimbursements and purchase booking processes.

Process & Compliance:

o Strong knowledge of closing, reporting, and month-end processes.

o Experience with process improvements and automation tools.

· Communication & Coordination:

o Excellent communication and negotiation skills for effective stakeholder management.

Preferred Candidate Profile:

· Must have worked in an organization with a minimum annual turnover of ₹500 crores.

· Experience in handling large data sets (large vendor reconciliations) and working in a fast-paced corporate environment