Accounts Payable Associate

Accounts Payable Associate

Location: Mumbai

Are you curious, excited by experimentation and always looking to innovate?

Do you want to work in embedded payments where you can keep learning and developing whilst getting hands-on experience?

Do you want to have the opportunity to play an important role in a rapidly growing and exciting Fintech business?

If so, we would love to connect and collaborate!

Who We Are Modulr is the payments automation platform that streamlines money movement with accuracy, control and reliability — built to scale. We process more than 200m transactions and over £180bn in payment value on an annualised basis, and we’re trusted by over 6,000 businesses from fast-growing SMEs to global enterprises. We automate how money moves into and out of a business — payroll, supplier payments, spend management and payment collection — through a single platform, connected to the accounting and payroll systems finance teams already use and underpinned by principal memberships of Visa and Mastercard and direct access to central bank infrastructure. As a regulated payments provider with over a decade of experience, we’re the platform finance teams trust to run mission-critical operations. Modulr is backed by PayPal, FIS, General Atlantic, Blenheim Chalcot, Frog Capital and Highland Europe, with over 400 employees across London, Edinburgh, Amsterdam, Mumbai and Pune.

Purpose of the Role We are seeking a motivated and detail-oriented Accounts Payable Associate to support end-to-end AP operations across Global entities. This is a hands-on processing role working closely with the Accounts Payable Lead and the wider Finance team. The successful candidate will play a key role in the accurate and timely execution of day-to-day Accounts Payable activities, including supplier invoicing, payments, travel C expenses, and corporate credit card management, while supporting a well-controlled and scalable AP department.

Key Responsibilities  

Accounts Payable — Invoice Processing  

Process supplier invoices in NetSuite, ensuring accuracy of coding and cost centre allocation  

Apply appropriate tax treatment to invoices, including GST and TDS for Indian entity transactions  

Perform invoice validation checks including duplicate detection, completeness, and PO matching where applicable  

Monitor and action invoice approval workflows in a timely manner  

Run and review key AP reports such as open bills, rejected invoices, and duplicate reports  

Investigate and resolve invoice discrepancies and supplier queries  

Allocate payments and match invoices within NetSuite  

Monitor AP inboxes and workflows to ensure timely processing and prioritisation  

Support payment run preparation, checking accuracy of amounts, currencies, and due dates  

Vendor & Data Management  

Create and maintain vendor records in NetSuite, ensuring correct and complete data  

Update supplier bank details in line with internal controls and approval processes  

Support onboarding new vendors in compliance with company policies  

Maintain accurate audit trails for all changes  

Travel & Expense Management  

Review and process employee expense claims in line with company policy  

Monitor and action expense approval workflows  

Identify and reject non-compliant or incomplete claims  

Respond to employee queries on expense submissions and policy requirements  

Assist with expense payment cycles, ensuring alignment with payroll or payment schedules  

Support travel bookings through Perk and assist with queries relating to cancellations or amendments  

Corporate Credit Card Management  

Support the end-to-end credit card process including transaction matching and reconciliation  

Investigate discrepancies and ensure timely resolution  

Monitor card usage and flag any policy non-compliance  

Assist with allocation of credit card spend across entities and cost centres  

Reconciliations & Month-End Support  

Prepare vendor statement reconciliations  

Assist in month-end close activities, ensuring all invoices are recorded in the correct period  

Support balance sheet reconciliations for AP accounts (prepared in India, reviewed in UK)   

Investigate and help clear aged balances  

Controls, Compliance & Audit  

Ensure all invoices are processed in line with internal policies and approval thresholds  

Maintain adherence to segregation of duties and financial controls  

Escalate any control issues or risks to the Accounts Payable Lead or UK Finance team  

Key Skills & Experience  

Essential  

1-3 years of experience in an Accounts Payable, Finance Operations, or similar role  

Strong understanding of invoice processing and payment cycles  

Experience with ERP systems, ideally NetSuite or a comparable platform  

Knowledge of Indian GST and TDS compliance for local entity processing  

High attention to detail and accuracy  

Strong organisational skills and ability to manage high volumes  

Good written and verbal communication in English, particularly for liaising with UK-based colleagues  

Proficiency in Microsoft Excel including VLOOKUP and pivot tables  

Experience using automation tools and AI-driven solutions to improve efficiency, accuracy, and scalability within Accounts Payable processes  

Ability to work across UK and India time zone overlap hours  

Desirable  

Understanding of UK financial control expectations   

Exposure to expense & travel management platforms  

Interest in process improvement or AP automation initiatives  

ModInclusion

At Modulr, we’re committed to building a diverse, equitable and inclusive culture where everyone feels they belong and can bring their whole self to work. We welcome applications from candidates of all backgrounds as we believe it’s the right thing for our people, our business, and the community we operate in.