Manager Payables

Hetuh Consultancy Private Limited
  • Delhi
  • 10-20 lakh
  • 10-20 years
  • 09 Jun 2015

  • Finance/ Accounts

  • Accounting/ Taxation/ Audit
Job Description

Job Objective:

Accounts Payable
MIS and month end reporting related to AP
Controls and compliance
Process streamline and strengthening

Job Responsibilities:

1. Accounts Payable

To ensure timely vendor payment as per credit terms
Ensuring invoices are processed and paid after the three way match
Advance processing as per COA compliance and timely adjustment of the same
To ensure that AP ageing for all the vendors are reviewed
Periodic balance confirmation and reconciliation
Ensuring more than 90% reconciliation of active and routine vendors
Ensure that the issues appearing in reconciliation should not be repeated in more than 1 vendor reconciliation

2. MIS and month end reporting related to AP

Timely closing of books of a/c by ensuring all the relevant AP transaction are booked
Preparation AP PP report, GIT, Inter Unit reconciliation, Clearing Account reconciliation, GR IR reconciliation amongst others.
Timely preparation of cash flow projection and variance analysis
To prepare and analyze various MIS relating to AP

3. Controls and compliance

To ensure compliance with company policy, procedure and process
To ensure statutory compliance while processing payment
SOX compliance while processing payments
Handling various audit like Internal Audit, Statutory Audit, CAD Audit etc.

4. Process Streamline & Strengthening

To develop and keep current the SOP on various processed followed with regards to accounts payable
To monitor KPI and SLA and ensuring improvement on month on month basis

Reporting: National Manager - Financial Shared Services

Supervises: Team of 5 to 7 Associates.

Internal Key Customers:

Zonal Team
Corporate FSM Team
Corporate Procurement team
CAD and SOX auditors

External Key Customers:

External / Statutory Auditors

IT Knowledge: Good in ERP, Mastery over Excel

Travel: 10 to 15%

Minimum Education: Chartered Accountant

Minimum Work Experience:

Preferred experience in handling a team of associates
Handled Accounts Payable role of manufacturing location

Critical Experiences / Exposure Required: FMCG and MNC preferred

Geographical Scope: Minimum 2 Zones

Financial Scope: Depends upon the zone

Behavioral competencies:

Drive Innovation Stage 2
Act like an owner Stage 3
Collaborate with the System, Customers and Key Stakeholders Stage 2
Develop Self and Others Stage 3
Inspires Others Stage 2

Functional Competencies:

Strong in Accounts Payable
Good knowledge of Taxation
Strong drive for results
High degree of focus on systems and processes


Accounting & Reporting: Books and Accounts - Competent
Accounting & Reporting: Supplier Reconciliation - Competent
Accounting & Reporting: Freight Accounting - Competent
Accounting & Reporting: Reporting - Competent
Controls & Compliance: Internal audit management Working Knowledge

Competencies/Skill sets for this job

Reconciliation Audit Payable Internal Audit

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