Accounts Payable Executive

Role: Accounts Payable

Experience: 5-8 Years

Industry Preferred: Real Estate / Construction

Education: B.Com / M.Com; CA Inter or MBA Finance preferred

Key Accountabilities:

• Validate vendor invoices against POs; ensure accurate booking and timely payment release; process employee expenses; perform vendor reconciliations and ageing; support monthly closing, MIS and audits; provide cash flow inputs to Head Finance.

To Do: Required to ensure timely and accurate vendor payments.

Skills:

• Accounts payable processing, invoice-PO validation, vendor reconciliation & ageing, TDS/GST compliance, employee expense processing, month-end closing & MIS, variance analysis, audit support, SAP/ERP and advanced MS Excel, process automation, attention to detail.

Principal Accountabilities

• Financial Reporting & Audit Support - Contribute to cash flow forecasting and budgeting processes by analyzing trends in accounts payable data and providing valuable insights to the Regional Head. Provide variance analysis for project expenses and cash flows for review to the Regional Head and project team. Perform periodic vendor reconciliations & Prepare Vendor aging and forward the same for payment to the Treasury Team. Clear open entries, reconcile vendor ledgers, and ensure timely system closing and monthly MIS reporting. Seek inputs from the regional Accounts head and submit accurate input (expenditure MIS) for RERA compliances. Support internal and statutory audits by furnishing required details.

• Payable Management - Validate Invoices with corresponding purchase orders (POs), thoroughly resolving any discrepancies to maintain accuracy and consistency in financial accounting entry and documentation. Validate vendor compliance adherence to regulations and verify their compliance with recovery obligations if any. Ensure accurate booking of vendor invoices and expedite the release of payments upon thorough verification, maintaining strict adherence to procedural accuracy and timeliness. Ensure timely clearance of invoices booking and payment receipts to prevent any backlog. Identify and mitigate risks related to accounts payable operations, including fraud, duplicate payments, and late fees.

• Digitization & Data Assurance - Propose automation interventions for areas under payment management. Implement finalized automation intervention in collaboration with various stakeholders. Ensure effective usage of the automation interventions.