Account Manager

Lodha; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Lodha in Mumbai is seeking an Accounts Payable & Receivable professional to manage day-to-day AP/AR activities, process invoices, and ensure accurate postings in SAP.

You will reconcile ledgers, monitor overdue items, coordinate vendor payments, perform bank reconciliations, and generate MIS reports for management.

Qualifications

• Mandatory hands-on experience in SAP for accounting and AP/AR transactions.
• Working knowledge of GST and TDS applied to vendor/customer transactions.
• Experience in invoice booking, payment entries, vendor/customer ledger review and reconciliations.

Responsibilities

• Manage day-to-day Accounts Payable and Accounts Receivable activities.
• Process vendor invoices, customer invoices and related accounting entries.
• Perform vendor and customer ledger reconciliations and resolve discrepancies.
• Monitor outstanding balances and ensure timely closure of open items.
• Process and coordinate timely vendor payments through banking channels.
• Verify invoices, approvals and supporting documents before payment processing.
• Track payment due dates and resolve vendor payment-related queries.
• Maintain payment records and vendor reconciliation statements.
• Perform regular bank reconciliations between bank statements and accounting records.
• Identify and resolve unreconciled transactions and outstanding items.
• Ensure accurate posting of bank transactions and timely closure of reconciliation items.
• Validate GST and TDS deductions while processing invoices and payments.
• Support GST/TDS reconciliations, compliance activities and required documentation.
• Prepare regular MIS reports related to AP, AR, vendor payments, outstanding balances and reconciliations.
• Prepare ageing reports and payment trackers for management review.
• Ensure accuracy and timely submission of financial reports.

Skills

Vendor payments

Bank reconciliation

MIS reporting

Invoice processing

Tools

SAP

Job description

Accounts Payable & Receivable

• Manage day-to-day Accounts Payable and Accounts Receivable activities.
• Process vendor invoices, customer invoices and related accounting entries.
• Perform vendor and customer ledger reconciliations and resolve discrepancies.
• Monitor outstanding balances and ensure timely closure of open items.
• Vendor Payments
  
• Process and coordinate timely vendor payments through NEFT/RTGS/other banking modes.
• Verify invoices, approvals and supporting documents before payment processing.
• Track payment due dates and resolve vendor payment-related queries.
• Maintain payment records and vendor reconciliation statements.
• Bank Reconciliation
  
• Perform regular bank reconciliations between bank statements and accounting records.
• Identify and resolve unreconciled transactions and outstanding items.
• Ensure accurate posting of bank transactions and timely closure of reconciliation items.
• SAP
  
• Mandatory hands-on experience in SAP for accounting and AP/AR transactions.
• Experience in invoice booking, payment entries, vendor/customer ledger review and reconciliations.
• Ensure accurate and timely accounting entries in SAP.
• GST & TDS
  
• Working knowledge of GST and TDS applicable to vendor/customer transactions.
• Validate GST and TDS deductions while processing invoices and payments.
• Support GST/TDS reconciliations, compliance activities and required documentation.
• MIS Reporting
  
• Prepare regular MIS reports related to AP, AR, vendor payments, outstanding balances and reconciliations.
• Prepare ageing reports and payment trackers for management review.
• Ensure accuracy and timely submission of financial reports.