Assistant Manager Accounts Payable

Job Summary :

An Accounts Payable (AP) Manager oversees the entire accounts payable process, ensuring invoices are processed accurately and paid on time, while managing a team and maintaining vendor relationships. They are responsible for supervising staff, implementing and improving processes, and ensuring compliance with company policies and regulations.

Brief job responsibilities :

• Ensure the receipt of Goods received Note from stores and quality team on time which will ensure the booking of vendor payable on time.
• Making vendor payments on time by using digital payment platform of banks
• Approval of vendor master creation
• Knowledge of MSME act with respect to vendor payable
• Circulation of balance confirmation statements, Vendor reconciliation and signoff by both the parties
• Preparing and analyzing reports related to accounts payable, such as aging reports and payment schedules.
• Validation of non-stock and service invoices booking and payment.
• Proper closure of Import Data Processing and Monitoring System (IDPMS) outstanding in RBI portal.
• Verification of foreign supplier / service payments, TDS applicability, arranging of Form 15CB from Auditors.
• Verification of quarterly ETDS returns.
• Identifying opportunities to improve efficiency and streamline the AP process, potentially through automation or other changes.
• Working with other departments (e.g., Supply chain, Quality, stores etc.,) to ensure smooth flow of transactions.
• Managing and mentoring a team of 5 members in Payable team.

Key Skills and Qualification :