Accounts Payable Executive

Job Domain

Financial Services

Client Details

Job Profile

About the Company-

Our Client is a Chartered Accountancy firm providing service in below fields: - Banking Consultancy project financing, loan management, fund management, fx management, etc. - Advisory on RBI, FEMA, Foreign Trade Policy, etc.- Corporate Law Company Incorporation, ROC filings, consultancy, etc. - Transactions and Capital Market Advisory - Auditing and Assurance - Advisory on IFRS, US GAAP, Ind AS, etc.- Direct Tax Income Tax - Indirect Tax Service Tax, GST Implementation, VAT, etc. - Certification & Verification - Accounting & Payroll processing - Start up Management - Bulk ITR filing.

Location - Jayanagar, Bengaluru

Profile - Accounts Payable

Working Days - 6 Days (Mon-Sat)

Salary - upto 30K

Work Exp - 2 to 4 Years

Skills - Payment processing, Invoice Processing, Account Reconciliation, Record Keeping, Compliance & Policy adherence, Communication, Vendor Coordination, Tally ERP, SAP

About the job
The Accounts Payable (AP) role is crucial for managing a company's outflow of funds. An individual in this position is responsible for ensuring that the company meets its financial obligations by processing, verifying, and reconciling invoices, making payments, and maintaining accurate records. Below are the key responsibilities of the Accounts Payable role:

Key Responsibilities of an Accounts Payable Role:

1.Invoice Processing:
o Receive, review, and verify invoices for accuracy, compliance, and proper authorization.
o Match purchase orders with invoices and receipts to ensure consistency.
o Code invoices with the correct expense accounts and project codes for proper tracking.

2.Payment Processing:
o Prepare and process electronic transfers, payments by check, and other forms of payment.
o Schedule and prioritize payments based on terms and company cash flow.
o Ensure timely payment to vendors, contractors, and service providers.

3. Reconciliation:
o Reconcile accounts payable transactions with general ledger entries.
o Ensure proper month-end and year-end closing of the accounts payable ledger.
o Reconcile vendor statements and resolve discrepancies.

4. Record Keeping and Reporting:
o Maintain accurate records and control files for invoices, payments, and vendor details.
o Prepare reports on accounts payable status, aging, and forecasts for management.
o Assist in audits by providing supporting documentation for accounts payable.

5. Vendor Relations:
o Maintain professional and positive relationships with vendors and suppliers.
o Address vendor inquiries, disputes, or discrepancies in a timely manner.
o Negotiate payment terms and handle any escalations related to billing.

6.Compliance and Policy Adherence:
o Ensure all payments are compliant with company policies, tax laws, and regulations.
o Assist in improving accounts payable processes to increase efficiency and compliance.

7. Expense Reporting and Reimbursement:
o Review and process employee expense reports for accuracy and policy compliance.
o Manage petty cash accounts or other expense accounts as assigned.

8. Support to Finance Team:
o Assist with budgeting and forecasting activities related to cash flow and payables.
o Collaborate with other finance team members to ensure the smooth financial operation of the organization.

Skills and Qualifications Needed:
* Proficiency in accounting software (e.g., Tally ERP, SAP).
* Strong attention to detail and organisational skills.
* Excellent communication skills for vendor management.
* Ability to handle large volumes of invoices and manage multiple priorities.
* Knowledge of general accounting principles, accounts payable practices, and tax regulations.

This role is vital for maintaining the company's financial integrity, ensuring vendors are paid on time, and maintaining a good cash flow.

Working Days -Time

6 Days (Mon-Sat) 10:30am - 7pm

Job Types: Full-time, Permanent

Pay: 240,000.00 - 360,000.00 per year

Schedule:

• Day shift

Experience:

• total work: 2 years (Required)

Work Location: In person