Manager Accounts Payable & Treasury

Key Responsibilities:

1. Accounts Payable Management (AP):

• Process Oversight:

  Oversee the end-to-end accounts payable cycle, from invoice receipt and verification to payment processing and vendor reconciliation.

• Internal Controls:

  Implement and monitor robust internal controls to prevent fraud, ensure compliance, and streamline AP processes.

• Reporting & Analysis:

  Generate and analyze AP aging reports, vendor payment summaries, and key performance indicators (KPIs) to provide insights to senior management.

• Automation:

  Drive initiatives for process automation and digitalization of the AP function to improve efficiency and reduce manual errors.

2. Treasury and Cash Management:

• Cash Flow Management:

  Oversee daily cash positioning, manage liquidity, and ensure sufficient funds are available to meet business obligations.

• Cash Flow Forecasting:

  Develop and maintain accurate short-term and long-term cash flow forecasts, analyzing variances and providing strategic insights.

• Banking Relationships:

  Manage and strengthen relationships with banking partners, negotiating service terms, and optimizing banking infrastructure.

• Funds Management:

  Strategically manage surplus funds to maximize returns while maintaining safety and liquidity, in line with company policy.

• Risk Management:

  Monitor and manage financial risks, including foreign exchange (FX) exposure and interest rate risk, and implement hedging strategies as required.

3. Invoicing and Statutory Compliance:

• GST Invoice Generation:

  Oversee the timely and accurate generation of all GST-compliant invoices for goods and/or services supplied by the company, ensuring all mandatory details are included (e.g., GSTINs, HSN/SAC codes, tax rates, place of supply).

• TDS & GST Compliance:

  Oversee the accurate and timely deduction of TDS on all applicable payments and ensure timely TDS payments and the filing of quarterly returns. Ensure all vendor invoices comply with GST regulations and reconcile GSTR-2A/2B to maximize Input Tax Credit (ITC).

• Regulatory Compliance:

  Stay abreast of changes in Indian tax laws, FEMA, and other relevant regulations affecting AP, Treasury, and invoicing, ensuring the company remains fully compliant.

4. Export Compliance & Softex Management:

• Softex Filing:

  Manage the end-to-end process of Softex filing for software exports and IT-enabled services, ensuring timely and accurate submission to the Software Technology Parks of India (STPI) or Special Economic Zone (SEZ) authorities as per FEMA and RBI regulations.

• EDPMS & IDPMS Closure:

  Take ownership of the reconciliation and closure of Softex forms in the Export Data Processing and Monitoring System (EDPMS) and Import Data Processing and Monitoring System (IDPMS) portals. This includes coordinating with banks (Authorized Dealers - AD) to ensure timely inward remittance, matching payments against Softex forms, and obtaining Electronic Bank Realisation Certificates (e-BRCs).

5. Financial Reporting and Accounting (IND-AS):

• Ledger Reconciliation:

  Ensure all AP and bank accounts are accurately reconciled on a timely basis.

• Month-end/Year-end Closing:

  Lead the month-end and year-end closing activities for AP and Treasury, including accruals, provisions, and balance sheet reconciliations, in accordance with IND-AS.

• Statutory Audits:

  Support internal and statutory auditors by providing required documentation and explanations for AP, Treasury, and related tax matters.

• Financial Statements:

  Provide key inputs and support for the preparation of financial statements and disclosures related to accounts payable, cash & cash equivalents, and financial liabilities, as per IND-AS.

Qualifications and Experience:

• Education:

  Graduate or MBA in Finance.

• Experience:

  7+ years of progressive experience in finance, Accounts Payable and/or Treasury functions in an Indian corporate environment.

• Technical Skills:

• Proven expertise in Accounts Payable processes and best practices.
• Strong working knowledge of Treasury operations, cash management, and financial risk management.
• In-depth understanding of Indian taxation, including GST, TDS, and Softex filing procedures.
• Solid knowledge of Indian Accounting Standards (IND-AS) and their application.
• Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced MS Excel skills.

• Leadership & Soft Skills:

• Excellent team management and people development skills.
• Strong analytical, problem-solving, and decision-making abilities.
• Exceptional communication and interpersonal skills to manage both internal and external stakeholders.
• High level of integrity and professional ethics.
• Ability to work in a fast-paced environment and manage multiple priorities effectively.

Bests,