Accounts Payable Officer

Job Title: Accounts Payable Manager

Experience: Minimum 10–12 Years
Location: Mumbai Central
Industry: (Manufacturing / Trading / Retail)

Role Overview

The Accounts Payable professional will be responsible for end-to-end management of vendor payments, invoice processing, reconciliations, and ensuring timely compliance with statutory and tax regulations. The role also requires coordination with internal teams, external vendors, and auditors while maintaining strong internal controls and financial discipline.

Key Responsibilities Accounts Payable Management

• Manage end-to-end Accounts Payable function including invoice verification, posting, and payments.
• Ensure timely, accurate vendor payments as per credit terms and company policies.
• Review GRN/PO/Invoice matching and resolve discrepancies with procurement and stores.
• Maintain vendor aging, payment schedules, and clearing of open items.
• Handle high volume transactions efficiently with accuracy.

Vendor Relationships & Reconciliation

• Maintain strong coordination with vendors regarding payment status, outstanding issues, and disputes.
• Perform periodic vendor reconciliation and resolve mismatches.
• Manage vendor onboarding, documentation, and compliance checks.

Receivables & Cash Flow Coordination

• Support coordination with Accounts Receivable team for overall cash flow planning.
• Assist in cash flow monitoring, fund planning, and payment prioritization.
• Track advances and ensure timely settlement.

Taxation & Compliance

• Ensure compliance with GST / VAT / TDS / Withholding Tax as applicable.
• Ensure correct tax codes, input credits, and statutory documentation.
• Support internal and statutory audits related to payables and taxation.
• Maintain proper records for tax scrutiny and audit requirements.

Controls, Systems & Reporting

• Implement and maintain AP policies, SOPs, and internal controls.
• Prepare AP MIS reports, vendor liability reports, and payment summaries.
• Work on ERP systems (SAP / Oracle / Tally / MS Dynamics etc.)
• Ensure adherence to company financial policies and governance standards.

Qualifications & Requirements

• Graduate/Post Graduate in Commerce / MBA Finance / CA Inter preferred.
• Minimum 10–12 years of strong experience in Accounts Payable.
• Sound knowledge of Vendor Payments, Reconciliations, AR coordination, GST/TDS/VAT compliance.
• Strong working knowledge of ERP systems & Excel.
• Excellent attention to detail, accuracy, and problem-solving ability.
• Strong communication and vendor management skills.
• Ability to work under timelines with high accountability.

Key Competencies

• Expertise in Vendor & Payables Management
• Strong Tax & Compliance Knowledge
• Analytical & Documentation Skills
• High Integrity & Ownership
• Team Collaboration

Job Types: Full-time, Permanent

Pay: ₹50,000.00 - ₹100,000.00 per month

Benefits:

• Health insurance

Work Location: In person