Manager - AP and Compliance

We are seeking applications from qualified CAs with relevant extensive experience in accounting, specially AP for a reputed manufacturing firm.

Key Responsibilities:

1. Vendor Invoice & Expense Management

• Supervise end-to-end processing of supplier invoices related to raw materials, job work, and service providers.
• Verify purchase orders (POs), goods receipt notes (GRNs), and supplier invoices for accuracy before posting.
• Ensure all invoices are GST and TDS compliant and properly coded to cost centers and product lines.
• Handle vendor claims, debit notes, and rate differences efficiently.

2. Payment Execution

• Schedule and process vendor payments as per credit terms and cash flow plans.
• Coordinate with the procurement and production departments to prioritize critical supplier payments.
• Manage domestic and import supplier payments, including handling foreign remittances.
• Reconcile vendor accounts monthly and resolve payment disputes.

3. Vendor Relationship & Communication

• Maintain professional relationships with suppliers.
• Address vendor queries regarding payment status and deductions.
• Support procurement in negotiating payment terms and improving credit cycles.

4. Team Supervision & Coordination

• Lead and mentor the Accounts Payable team.
• Ensure segregation of duties and internal control checks.
• Conduct regular reviews of pending invoices, advances, and debit balances.

5. Compliance & Audit

• Ensure compliance with GST, TDS, MSME regulations, and Companies Act.
• Prepare schedules for internal, statutory, and GST audits.
• Maintain documentation trails for audit readiness.
• Ensure accurate vendor master maintenance and periodic review.

6. System & Process Improvements

• Drive process automation through ERP (SAP Hana).
• Implement internal controls to prevent duplicate or fraudulent payments.
• Continuously improve AP process accuracy and turnaround.

7. Reporting & MIS

• Generate periodic Accounts Payable Aging Reports, Vendor Reconciliation Statements, and Cash Flow Forecasts.
• Provide management with reports on outstanding liabilities and advance payments.
• Support month-end and year-end closing activities.

Key Skills & Competencies

• Strong knowledge of GST, TDS, and import documentation.
• Proficiency in ERP systems (SAP Preferred).
• Understanding of manufacturing workflows, raw material procurement, and subcontracting payments.
• Analytical mindset with strong reconciliation and reporting abilities.
• Effective communication and vendor negotiation skills.
• Leadership, team motivation, and multitasking ability.

Qualifications & Experience

• Education: CA preferred, however candidate with relevant skill and experience can also be consider.
• Experience: 3–5 years in Accounts Payable in a manufacturing setup (preferably footwear).
• ERP Experience: Working knowledge of SAP.

Job Type: Full-time

Pay: ₹1,200,000.00 - ₹1,800,000.00 per year

Education:

• Master's (Preferred)

Experience:

• relevant: 5 years (Preferred)

Work Location: In person