Sr Associate, Finance

Job Summary

Senior Associate - Finance

Location: Madurai

Role Purpose: The Senior Associate - Finance will manage end-to-end 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.

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 month-end and year-end 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 discounting-related matters
• Support process improvements and automation initiatives within Accounts Payable

Requirements

• CA / CMA (Qualified)
• 1-4 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