Job Summary
Accounts Payable Executive shall be a part of a strong finance team, driven by robust systems and processes which ensure zero leakages, 100% statutory compliance and timely and accurate book keeping. Also expected to play a key role in the MIS to help management decision making process of the business by providing updates on regulatory environment and carrying out financial analysis of past performance as well as upcoming projects and activities.
Key Responsibilities
• Post accurate & timely expenses to accounts/ SAP environment and cost centers by analyzing invoice/expense reports
• Pays vendors by monitoring discount opportunities; verifying PAN; scheduling and preparing checks; resolving purchase order, contract, invoice, or payment discrepancies and documentation; insuring credit is received for outstanding memos; issuing stop-payments or purchase order amendments.
• Strong knowledge and experience of TDS laws (deduction/ deposits/ returns submission/ reconciliation)
• Pays employees by receiving and verifying expense reports and requests for advances; preparing checks.
• Maintains accounting ledgers by verifying and posting account transactions.
• Perform monthly and quarterly closing activities such as reconciliation and analyses to ensure the accuracy of the accounting ledgers.
• Verifies vendor accounts by reconciling monthly statements and related transactions.
• Disburses petty cash by recording entry; verifying documentation.
• Provide Finance Manager with accurate, relevant business analysis to support monthly operational reviews and ad hoc requests on Expenses, cost centres, customers, project performance, shared service cost allocations, etc.
• Ability to effectively prioritize assignments to meet long-term and short-term deadlines
• Statutory Compliance – Ensuring compliance with all applicable statutes – Service Tax, TDS, PF & ESIC.
• Liaise with Statutory Auditors, Internal Auditors, Lawyers, consultants, statutory authorities, etc.
Skills and Knowledge Requirements
• 3-5 years of prior experience of working in Accounting role in corporate organizations having strong business process and control systems.
• 2-3 years of experience in SAP environment
• Ability to reconcile accounts such as cash, accounts receivable, accounts payable, etc.
• Sound knowledge of Accounting, IGAAPs, Direct & Indirect Taxation filings, etc.
• Is able to use spreadsheet modeling and data analysis – Outstanding problem solving skills, including the ability to disaggregate issues, develop hypotheses, and develop actionable recommendations from data and analysis
• Uses financial knowledge and experience to challenge and input transaction recording
• Shares knowledge and coaches others in accounting, taxation, budgeting & analysis
Personal Characteristics
• High on Integrity
• Willingness to “do what it takes”
• High Level of interest to be a part of passionate and high performing teams
• Individual commitment to Excellence & passion towards accounting
• Excellent communication skills, including strong oral and writing capabilities
