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Progenesis - Accounts Payable Specialist

Progenesis - Accounts Payable Specialist

PROGENESIS IVF PRIVATE LIMITEDThane, India
1 day ago
Job description

Responsibilities :

Invoice Processing (Centre wise) :

  • Review and verify invoices for accuracy, appropriate documentation, and approval prior to payment.
  • Ensure proper coding of invoices to appropriate expense accounts.
  • Scrutiny of invoices, rendered services, received stock verification before payment.
  • Process invoices through the accounting software / system in a timely manner.

Payments Management (Centre wise) :

  • Prepare and process electronic transfers, checks, and other forms of payment to vendors.
  • Filing of paid approvals, records and vouchers.
  • Monitor payment schedules to ensure timely payments and avoid late fees.
  • Communicate with vendors regarding payment inquiries and resolve discrepancies.

    • Reconciliation (Centre wise) :

  • Perform daily / monthly reconciliation of accounts payable balances.
  • Reconcile vendor statements, identify discrepancies, and take corrective actions.
  • Assist in daily closing / month-end and year-end closing processes.

    • Compliance and Reporting (Centre wise) :

  • Ensure compliance with tax regulations, such as TDS, GST (if applicable), and other statutory

    • requirements.

  • Maintain accurate records of all accounts payable transactions.
  • Prepare accounts payable reports for management review.

    • Internal Coordination (Centre wise) :

  • Collaborate with procurement, operations, and finance teams to streamline payment processes.
  • Address internal stakeholder queries related to invoices and payments.

    • Process Improvement (Centre wise) :

  • Identify opportunities for process improvements in accounts payable workflows.
  • Assist in the implementation of automation tools and software upgrades for efficiency.

    • Bank Activities (Centre wise) :

  • Online banking activities, cheque preparation, statement download, balance verifications, visiting to bank whenever needed.

    • Skills and Competencies :

  • Strong knowledge of accounting principles and accounts payable processes.
  • Proficiency in accounting software (Tally) and MS Office (Excel).
  • Excellent attention to detail and organizational skills.
  • Strong analytical and problem-solving skills.
  • Effective communication and interpersonal skills for vendor and stakeholder interactions.
  • Ability to work under pressure and meet deadlines.

    • Qualifications and Experience :

    Educational Background :

  • Bachelors degree in Accounting, Finance, or a related field (preferred).
  • B.Com, BBA,
  • Higher qualification preferred

    • Professional Experience :

  • 1-5 years of experience in accounts payable or related finance roles.
  • Higher experience preferred

    • Key Performance Indicators (KPIs) :

  • Accuracy of invoice processing and payment records.
  • Timeliness in payment processing and reconciliation.
  • Reduction in vendor disputes and payment delays.
  • Compliance with financial policies and statutory regulations

    • (ref : iimjobs.com)

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    Account Specialist • Thane, India