Job DescriptionKey Responsibilities: Accounts Payable (AP) Management:• Vendor Invoice Processing: Receive, review, and verify invoices from vendors to ensure that they are accurate, complete, and incompliance with company policies.• Invoice Approval: Ensure timely approval of invoices from respective departments and facilitate communication for anydiscrepancies or issues.• Payment Processing: Process payments to vendors through different modes (cheques, wire transfers, or online payments) as peragreed payment terms.• Payment Schedules: Maintain and update the payment schedule, ensuring timely payments to vendors and avoiding any latepayment penalties.• Reconciliation: Reconcile vendor statements with company records and resolve any discrepancies. Ensure that all outstandingpayables are cleared promptly.• Vendor Queries: Address vendor queries regarding payment status, discrepancies, and other account-related matters.2. Bank Payments & Reconciliation:• Bank Payment Processing: Process bank payments for internal and external transactions, ensuring accuracy and adherence topayment deadlines.• Payment Instructions: Prepare and review payment instructions for fund transfers, including wire transfers, direct deposits, andcheque payments.• Bank Reconciliations: Perform daily, weekly, and monthly bank reconciliations to ensure that the company's bank accounts areproperly balanced and that payments align with recorded transactions.• Bank Reporting: Maintain accurate records of all bank transactions and payments. Ensure that payment records are in line withaccounting policies and reconcile any differences with the bank statements.• Cash Flow Monitoring: Monitor daily cash flow and ensure sufficient funds are available for daily operations and scheduledpayments.3. Compliance and Reporting:• Tax Compliance: Ensure all AP and bank payment activities comply with applicable tax laws and internal financial policies.• Documentation & Filing: Ensure proper documentation of payments and invoices, including obtaining necessary authorizationsbefore processing payments.• Payment Controls: Implement and maintain controls for preventing fraudulent or duplicate payments and ensure that all paymentsare approved as per company policy.4. Coordination & Communication:• Cross-Functional Coordination: Collaborate with various departments (procurement, operations, finance, etc.) to resolve anyissues related to payments and vendor accounts.• Vendor Relationship Management: Maintain positive relationships with vendors and negotiate payment terms when required.RequirementsKey Requirements:• Educational Qualifications:o Bachelor's Degree in Commerce, Accounting, Finance, or a related field.o Professional certifications such as CA Inter, CMA, or ACCA (optional, but an advantage).• Experience:o 1-3 years of experience in accounts payable, bank payments, or a related role.o Experience in handling large volumes of transactions and working with accounting software (e.g.,Tally, SAP, Zoho, or similar).• Skills: o Strong understanding of accounts payable processes, payment cycles, and bankreconciliation.o Proficiency in Microsoft Excel (for data entry, reconciliations, and reporting).o Experience with bank payment processes and reconciliation.o Good knowledge of accounting principles, internal controls, and financial compliance.o High attention to detail and ability to manage multiple tasks simultaneously.o Strong communication and interpersonal skills to interact with vendors and internal departmentseffectively.