Accounts Payable Manager

About Policybazaar.com –

We believe in insurance for all, and we drive it through unbiased information and time-efficient processes for all Indian customers. As India's largest insurance brokers, we consider it our responsibility to be every Indian customer's one-stop portal for protection against death, disease and disability -- as well as for mindful investment planning. We understand customers anxiety about claim settlement, so we offer 24x7 online support, on-ground support, as well and even host special claim samadhan events where stuck claims can be reopened and resolved instantly. Our mission, in keeping with IRDAI's inspiring vision, is Har Family Hogi Insured by 2047.

Companies – Paisabazaar.com, Docprime, QuickFixCars, Policybazaar.ae, Zphin Visit policybazaar.com to know more about us.

Job Description –

Role- Assistant Manager- Payables

Location- Gurgaon

Key Responsibilities -

• Invoice Processing & Management: Oversees the end-to-end invoice lifecycle, including 3-way matching (Purchase Order, Goods Received Note, and Invoice) and proper General Ledger (GL) coding.
• Payment Execution: Manage payment cycles and release disbursements in compliance with company credit terms and delegation of authority matrices.
• MSME payments- Timely MSME payments as per the agreed terms and MSME Act along with preparation of half yearly MSME returns.
• Vendor & Ledger Reconciliation: Reconcile vendor statements to sub-ledger balances, clear outstanding items, and resolve billing discrepancies in a timely manner.
• Team Leadership: Supervise, train, and mentor the accounts payable team. Set daily/weekly productivity targets, manage workflow distributions, and foster continuous improvement.
• Statutory Compliance: Ensure all payments adhere to local taxation regulations, including deducting and depositing TDS (Tax Deducted at Source) and handling GST provisions.
• Month-End & Audits: Support month-end and year-end closing activities by preparing accruals, provisions Prepaid, advances and AP aging reports. Coordinate and close the observations with internal and external auditors.
• Reporting- Prepare monthly MIS to be presented to Senior Management.

Education & Experience: A bachelor's degree in finance, Accounting, or Commerce (B.Com). CA/CMA inter or an MBA in Finance is often preferred. Requires 4 to 6 years of progressively responsible experience in accounting or accounts payable.

• Technical Skills: Hands-on proficiency with ERP software (like SAP, Oracle, Tally) and strong advanced Microsoft Excel skills (Lookup function, Pivot Tables, Sum if etc.). Strong skills on making PPT.
• Soft Skills: Exceptional negotiation and vendor relationship skills, strong analytical capabilities, and high attention to detail.