Accounts Payable Executive

Job Title: Accounts Payable Executive- (Apparel Industry)

Department: Finance & Accounts

Reports To: Finance Manager / Accounts Manager

Job Summary

The Accounts Payable Executive is responsible for managing and processing supplier invoices, ensuring timely payments, maintaining accurate financial records, and supporting month-end closing activities. The role requires strong attention to detail, accuracy, and compliance with company policies and accounting standards.

Key Responsibilities

• Review, verify, and process vendor invoices and payment requests.
• Match invoices with purchase orders and goods receipt notes (3-way matching).
• Ensure timely and accurate payments to suppliers and vendors.
• Reconcile vendor statements and resolve payment discrepancies.
• Maintain accounts payable records and supporting documentation.
• Prepare payment runs through bank transfers, cheques, or online payment systems.
• Monitor accounts to ensure payments are up to date.
• Assist in month-end and year-end closing activities.
• Record journal entries related to accounts payable transactions.
• Coordinate with internal departments and vendors regarding invoice and payment issues.
• Ensure compliance with company policies, tax regulations, and audit requirements.
• Generate AP aging reports and other management reports as required.

Required Qualifications

• Bachelor's degree in accounting, Finance, Commerce, or related field.
• 1–5 years of experience in Accounts Payable or a similar accounting role.
• Knowledge of accounting principles and AP processes.
• Proficiency in MS Excel and ERP systems (e.g., SAP, Oracle, Tally, NetSuite).
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organizational abilities.

Preferred Skills

• Experience with invoice processing and vendor management.
• Knowledge of GST/VAT, withholding tax, and statutory compliance.
• Ability to work under deadlines and manage multiple tasks.
• Good communication and interpersonal skills.
• A person from apparel industry

Key Performance Indicators (KPIs)

• Invoice processing accuracy rate.
• Timeliness of vendor payments.
• Number of unresolved vendor disputes.
• Compliance with payment schedules.
• Accuracy of AP reconciliations and reporting.

Salary Range: Based on experience and company standards.

Location: Okhla Phase 3

Employment Type: Full-time