Accounts payable/receivable

Accounts payable/receivable

Grey Orange

Grey Orange

Gurgaon, Haryana, India

Experience :

Manager

Closes on :

Jul 2, 2024

Job Description

Job Description

Job Title: Accounts Payable Team Lead

Key Responsibilities:

- Lead and supervise an accounts payable team of 6-7 specialists.

- Ensure effective management and control over vendor master data.

- Ensure processing and payment of vendor invoices and employee claims as per agreed SLA.

- Ensure compliance with TDS, GST, and MSMED laws during vendor invoice processing.

- Manage documentation related to imports, submit to banks promptly, and monitor aged items under IPDMS in collaboration with bankers.

- Ensure compliance with employee-specific policies during claim processing and define exception handling processes to maintain employee experience.

- Collaborate with business operations to resolve supplier billing discrepancies and related inquiries.

- Ensure prompt settlement and close monitoring of vendor advances and aged advances.

- Reconcile intercompany transactions and balances in real-time.

- Leverage ERP capabilities to improve efficiency through automation, implementing best practices and process improvements.

- Ensure adherence to internal controls and DAO matrix defined for the P2P process.

- Review expense GLs to ensure expenses are booked to the correct GL and cost centre, perform RCA for incorrect bookings, and implement measures to correct gaps.

- Manage monthly/quarterly accruals (book reverse accruals) for expenses in collaboration with business finance teams.

- Work closely with the financial reporting (GL) team for smooth and timely month-end book closure.

- Ensure vendor reconciliations are performed by the team as per defined frequency and compliance with the internal control framework.

- Collaborate with business operations and supply chain teams to forecast cash requirements for vendor payments and provide inputs to the treasury team for a 12-week rolling cash forecast.

- Build solid relationships with all functions and partner with the business finance team to align with the expectations of various functions.

- Monitor performance of direct reports, provide prompt and objective coaching, conduct performance reviews, promote employee recognition, and collaborate with HRBP to formulate learning and development strategies for the team.

- Assure effective communication is maintained within the department and externally. Inform employees of company/department plans and progress. Conduct staff meetings at regular intervals.

Requirements:

- Qualified CA/ICWA/MBA with 9-13 years of post-qualification experience, preferably with a manufacturing entity or a BPO/KPO catering to a large manufacturing/software company.

- Proficient in transactional finance with an understanding of TDS and GST laws.

- Ability to interact with cross-functional teams at various levels and represent the AP function at a leadership level.

- Sound financial concepts, knowledge of accounting principles, and clarity of the P2P process.

- Strong Microsoft Excel skills along with good IT skills, particularly in Outlook, Word, and PowerPoint.

- Strong communication and interpersonal skills.

- Working knowledge of ERP/SAP/Netsuite is desirable.

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© Plutus Education