Senior Executive - Accounts

Job Description

Role & responsibilities Invoice Processing: Ensure accurate and timely processing of all vendor invoices in compliance with company policies and accounting standards. Verify and match purchase orders, invoices, and payment requests to ensure correctness before processing. Vendor Management: Maintain positive relationships with vendors, addressing queries and resolving any payment-related issues or discrepancies. Ensure that vendor master data is kept up to date. Payments: Prepare and process payments to vendors (cheques, wire transfers, etc.) as per agreed terms and conditions. Reconcile payment status to ensure that all transactions are recorded correctly and that outstanding payments are followed up on promptly. Reconciliations: Perform monthly reconciliation of accounts payable ledger and vendor statements to ensure accuracy and completeness. Investigate and resolve discrepancies, ensuring all adjustments are properly documented and communicated. Reporting: Prepare periodic accounts payable reports for management, highlighting trends, outstanding payables, and any issues that need resolution. Assist in the preparation of monthly, quarterly, and year-end closing activities related to accounts payable. Compliance & Audits: Ensure compliance with all relevant internal controls, policies, and regulatory requirements. Provide support during internal and external audits, including providing required documentation and resolving audit queries. Process Improvement: Identify opportunities to streamline and improve accounts payable processes, enhancing efficiency and reducing errors. Participate in the implementation of new accounting software or process changes as needed. Team Collaboration: Provide guidance and support to junior accounts payable staff, ensuring the team works efficiently and accurately. Work cross-functionally with other departments such as Procurement, Finance, and Tax to resolve any issues. Key Qualifications & Skills: Education: M. Com/MBA (Finance) BBA/B.Com Experience: Minimum 3-7 years of experience in accounts payable or related finance roles within manufacturing sector Experience working with SAP and MS Office (especially Excel). Skills: Strong knowledge of accounts payable processes, accounting principles, and financial reporting. Excellent attention to detail, with the ability to identify discrepancies and resolve them efficiently. Strong communication and interpersonal skills to liaise with vendors and internal teams effectively. Ability to manage multiple tasks and meet deadlines in a fast-paced environment. Proactive, with a continuous improvement mindset. Personal Attributes: Strong problem-solving skills. Ability to work independently as well as part of a team. High level of integrity and confidentiality in handling financial information.