Payments Manager

Key Responsibilities

• Lead end-to-end payment processing and ensure timely settlement of all approved payments. 
• Manage vendor payments, employee reimbursements, salary-related payments, statutory dues, taxes, and other financial transactions. 
• Review and authorize payment requests in accordance with company policies and approval matrices. 
• Ensure adequate cash flow planning and coordinate with Treasury/Finance teams for payment requirements. 
• Monitor bank transactions, payment reconciliations, and outstanding payment items. 
• Ensure proper documentation, supporting invoices, approvals, and audit trails for all payments. 
• Coordinate with banks and financial institutions for payment-related issues and transactions. 
• Ensure compliance with applicable tax, statutory, banking, and internal control requirements. 
• Identify and resolve payment discrepancies, rejected transactions, duplicate payments, and reconciliation issues. 
• Establish strong internal controls to minimize payment risks, fraud, and financial leakages. 
• Monitor payment MIS, ageing reports, cash requirements, and other management reports. 
• Coordinate with Procurement, Accounts Payable, Treasury, Tax, Audit, and Business teams. 
• Drive automation and process improvements in payment operations. 
• Support internal and statutory audits by providing required payment records and documentation. 
• Lead, mentor, and manage the payments/accounts payable team. 

Key Skills & Competencies

• Strong knowledge of Payment Processing, Accounts Payable and Treasury Operations. 
• Excellent understanding of banking processes and payment systems. 
• Good knowledge of GST, TDS and statutory payments. 
• Strong reconciliation and analytical skills. 
• Experience in ERP systems such as SAP / Oracle / Any other relevant tool. 
• Good knowledge of MIS, financial controls and audit requirements. 
• Strong team management and stakeholder management skills. 
• Excellent attention to detail and problem-solving ability. 
• Ability to manage high-volume payments and strict deadlines. 

Preferred Experience

• Candidates from manufacturing, infrastructure, EPC, construction, FMCG, shared services, or other high-volume payment environments will be preferred. 
• Key Performance Indicators (KPIs) 
• Payment accuracy and timeliness 
• Reduction in payment exceptions and rejections 
• Vendor payment turnaround time 
• Bank and ledger reconciliation accuracy 
• Compliance with internal controls and statutory requirements 
• Reduction in duplicate/incorrect payments 
• Process automation and efficiency improvements 
• Team productivity and SLA adherence Role & responsibilities