Senior Associate - Finance

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment. Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good Index constituent. Revenues in 2022 were $1.6bn.

Trusted by the world's leading companies to deliver vital, innovative, and sustainable solutions, Coats provides value-adding products including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications. Customer partners include companies from the apparel, footwear, automotive, telecoms, personal protection, and outdoor goods industries.

With a proud heritage dating back more than 250 years and spirit of evolution to constantly stay ahead of changing market needs, Coats has operations across some 50 countries with a workforce of over 17,000, serving its customers worldwide.

Coats connects talent, textiles, and technology, to make a better and more sustainable world. Worldwide, there are three dedicated Coats Innovation Hubs, where experts collaborate with partners to create the materials and products of tomorrow. It participates in the UN Global Compact and is committed to Science Based sustainability targets for 2030 and beyond, with a goal of achieving net-zero by 2050. Coats is also committed to achieving its goals in Diversity, Equity & Inclusion, workplace health & safety, employee & community wellbeing, and supplier social performance.

Senior Associate - Finance

Location: Madurai

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.

Trusted by the world's leading companies to deliver crucial, innovative, and sustainable solutions, we provide value-adding products including apparel, footwear and speciality threads.

With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, we have operations across 50 countries with a workforce of over 17,000, serving our customers worldwide.

Role Purpose: 

The Senior Associate - Finance will manage endtoend accounts payable operations, including vendor payments, statutory compliance, and monitoring of converter’s bill discounting arrangements, ensuring accuracy, timeliness, and adherence to internal controls and accounting standards.

What you will do (Key Responsibilities):  

• Process vendor invoices accurately and ensure timely posting in the ERP system
• Verify invoices against Purchase Orders, contracts, and supporting documents
• Ensure compliance with GST, TDS, and other statutory requirements
• Prepare and process vendor payments as per approved terms and schedules
• Monitor converter’s bill discounting transactions, including:
  • Tracking discounted bills and outstanding liabilities
  • Ensuring timely settlement with financial institutions
  • Reconciling bill discounting balances with vendors and lenders
  • Accounting and interest cost recognition related to bill discounting
• Perform vendor and bill discounting reconciliations and resolve discrepancies
• Monitor ageing of payables and discounted bills, ensuring no overdue exposures
• Support monthend and yearend close activities related to AP and bill discounting
• Assist in preparation of schedules and confirmations for audits (internal, statutory, and tax)
• Ensure adherence to internal controls, approval matrix, and company policies
• Coordinate with procurement, treasury, and business teams for invoice and discountingrelated matters
• Support process improvements and automation initiatives within Accounts Payable

Who you are (Requirements):

• CA / CMA (Qualified)
• 1 to 4 years of relevant experience in Accounts Payable / Finance Operations
• Exposure to bill discounting / supply-chain financing / working capital management preferred
• Experience with ERP systems (SAP / Oracle / similar).
• Strong understanding of Accounts Payable processes and accounting principles
• Working knowledge of GST, TDS, and statutory compliance
• Basic understanding of bill discounting mechanisms and interest accounting
• Strong reconciliation and analytical skills
• Attention to detail and accuracy
• Ability to manage multiple deadlines
• Proficiency in MS Excel and financial systems
• Effective communication and stakeholder coordination skills

At Coats Group, we are committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you are passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.

Coats is an equal opportunity employer and is committed to ensuring employment practices that promote diversity across its workforce. 

We are dedicated to creating a workplace that values and respects the unique perspectives, experiences, skills, and backgrounds of all employees.

We encourage talented individuals from all walks of life to join us in shaping an inclusive and forward-thinking organisation.  

Apply now to be part of our dynamic team and help shape the future of textiles.

Role Purpose: 

The Senior Associate - Finance will manage endtoend accounts payable operations, including vendor payments, statutory compliance, and monitoring of converter’s bill discounting arrangements, ensuring accuracy, timeliness, and adherence to internal controls and accounting standards.