Senior Executive -Accounts Payable

Designation - Senior Executive - Accounts Payable
Reporting to - Manager - Accounts & Taxation
Education Background - B.com/M.com/MBA
Work Experience (years) - 3-6 years
Location - Mahape,Navi Mumbai

Purpose of the role

By managing accounts receivable and payable, you will play a key role in maintaining the company’s cash flow, ensuring that the organization has sufficient funds to meet its obligations.

In your role as an  Senior Executive - Accounts Payable you will ensure that all financial transactions are recorded accurately, which is vital for maintaining the integrity of the company's financial records.

As you progress, you will help in identifying any errors, discrepancies, thereby enabling the organization to address potential risks before they can escalate.

In this role, you will gain breadth of knowledge in the Accounts domain, improve your communication skills, and work with stakeholders such as vendors, customers and bankers.

Additionally, you will stay updated on the latest developments in taxes, gaining comprehensive insights into TDS and GST regulations.

Key Results and Activites

1. Ensure 100% accuracy in managing accounts receivable, reconciliations with timely credit of customer receipts.

• Manage accounts receivable processes, including domestic and international transactions.
• Coordinate with banks for transaction processing and notifications including preparing banking documents necessary for ensuring timely credit of customer receipts.
•  Ensure compliance with all laws and regulations viz. GST, TDS, FEMA, RBI.
•  Ensure timely and accurate revenue recognition and reporting.
•  Perform bank receipt entries in SAP and conduct customer reconciliations.
•  Process BG/LC applications.
   

2. Ensure accurate accounts payable processing and ensure on-time payments as per credit terms.

• Handle the entire cycle of accounts payable, including invoice processing, approvals, & payments.
•  Manage domestic and import payment processes and ensure timely vendor payments.
•  Ensure compliance with all laws and regulations viz. GST, TDS, FEMA, RBI.
•  Maintain accurate records and documentation for financial audits.
•  Post vendor invoices with correct GL codes in the accounting system.
•  Perform bank payment entries in SAP and conduct vendor reconciliations.
• Manage management fees and expense reimbursements for subsidiary companies.

3. Approve and manage employee expenses efficiently and in line with company policies.

• Manage employee expenses in reimbursement portal Happay.
•  Approve advance requests and employee expenses on Happay as per the policies.
•  Manage prepaid cards for employees.
•  Resolve expense & cards related queries of employees.
•  Handle domestic & forex cash transactions and maintain sufficient cash levels.
•  Prepare and update employee reconciliations.
•  Post expenses, advances & other related entries of employee expenses into SAP.

4. Prepare & deliver accurate MIS reports on-time.

• Prepare weekly MIS reports, including AR reports, creditors reports, open GRN analysis.
•  Update daily and weekly funds positions, including investments.
•  Ensure accurate investment entries in SAP.