Senior Manager - Accounts Payable

The Finance department at ISB plays a crucial role in overseeing and managing the financial operations of the institute. This includes handling legal matters and ensuring compliance with various statutory regulations. As a key member of the team, your responsibilities will involve maintaining compliance with regulations such as GST, TDS, and MSME. You will be responsible for conducting periodic vendor reconciliations and obtaining balance confirmations. In addition, you will be tasked with managing the processing of travel and local conveyance claims submitted by employees. This includes tracking, settling, and reconciling employee advances and corporate credit card usage. Ensuring policy compliance, following up on outstanding advances and claims, and overseeing fixed assets accounting are also part of your role. You will manage the capitalization, tagging, disposal, and maintenance of the fixed asset register, as well as review monthly depreciation runs and adjustments. Collaboration with other departments for periodic physical verification of fixed assets and monitoring Capital Work-in-Progress (CWIP) for ongoing projects will be essential. You will need to ensure accuracy in cost capture, timely capitalization upon project completion, and tracking capital expenditures against approved budgets. Managing monthly accrual entries, performing GL reviews, providing supporting schedules for audits and monthly closing, and reviewing cost center-wise expenses for variance analysis are crucial tasks. You will work closely with the Budgeting and Financial Reporting teams to align operational costs with budget plans and provide input for forecasting cash outflows. Implementing process improvements and automation initiatives, ensuring control effectiveness, and facilitating internal, statutory, and tax audits will also be part of your responsibilities. Interacting with Statutory Auditors, responding to queries, and providing necessary details will be required. Additionally, you will need to provide guidance and support to the team on SAP-related issues. The ideal candidate for this role should be a Chartered Accountant or hold an MBA in Finance with 8 to 10 years of experience. Your interactions will span across all departments internally and with external stakeholders such as Statutory Auditors, representatives from Audit firms, internal auditors, management consultants, and SAP consultants. Your time will be allocated across various responsibilities as follows: - Managing processing of travel and local conveyance claims, settlement, and reconciliation - 15% - Overseeing fixed assets accounting and capitalization - 20% - Managing monthly accrual entries, GL reviews, and variance analysis - 25% - Implementing process improvements and facilitating audits - 10% - Maintaining compliance with applicable regulations and vendor reconciliations - 10% Overall, your role will be pivotal in ensuring financial control and compliance within the organization while driving efficiency and accuracy in financial processes.,