Manager - Accounts Payable (Invoice Processing)

10 - 15 years

12 - 18 Lacs

Posted:-1 days ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

Manager - 8 to 10 years of experience in accounts payable, invoice processing, or a related finance/accounting role.

Drive the development and implementation of efficient invoice processing strategies and workflows, ensuring adherence to compliance standards while mentoring and managing the team for optimal performance and collaboration.

-Strong familiarity with accounting principles, financial regulations, and process improvements.

-Team management skills are required

Experience working in a GCC environment or multinational organization.

Key Skills Required:

  • Strong practical experience in

    Indian Accounting

    and regulations applicable to invoice processing.
  • Good knowledge of

    SAP systems

    related to Accounts Payable.
  • Strong experience in

    Invoice Processing

    (PO & Non-PO).
  • Proficiency in accounting software and ERP systems, particularly SAP Hana and Vendor Invoice ingestions & management tools
  • Strong analytical skills with advanced proficiency in Microsoft Excel and data analysis tools.
  • Ability to adapt and implement new technologies and automation systems in invoice processing.

Job Responsibilities:

'-Develop and manage efficient invoice processing strategies and workflows for respective categories of invoices within the organization. Lead and mentor the invoice processing team for respective categories allocated, ensuring effective collaboration and productivity.

-Oversee the processing of PO-based and non-PO-based invoices, and also ensure workflows are followed accurately for DPR, LC, and import transactions. Supervise the resolution of complex invoice discrepancies, engaging cross-functional teams.Maintain and update SOPs and work instructions as processes evolve.

Ensure compliance with internal controls, tax laws, and company policies for all invoice types.

-System Integration and Automation: Utilize SAP and Nimble systems to enable automated invoice posting. Address and resolve discrepancies through predefined workflow and escalation tools. Investigate and resolve invoice discrepancies including mismatches, blocked invoices, pricing/quantity issues, and GR/IR clearing items.

-Identify and implement improvements to enhance accuracy and efficiency in processing. Provide guidance and training to junior associates, promoting knowledge transfer and adherence to best practices in invoice processing

-Reporting and Performance Monitoring: Monitor and report on team performance and invoice processing metrics. Identify process bottlenecks and suggest improvements in invoice workflow, approval routing, or automation. Track aging of invoices, blocked invoice reports, and unprocessed queues to drive proactive clearing.

-Support AP month-end close activities including accrual preparation and reconciliation of AP subledger to GL.

-Ensure invoice processing meets established SLAs and expedite escalation workflows for unresolved issues. Facilitate timely interventions for complex cases, ensuring overall cycle efficiency is maintained in line with organizational goals.

-Act as point of contact for assigned business units or invoice categories to manage invoice-related queries and escalations.

Interested candidates may apply directly or send their resumes to

ssc-neelam.tyagi@jindalsteel.com

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JINDAL STEEL & POWER logo
JINDAL STEEL & POWER

Steel Production, Energy

New Delhi

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