Accounts Payable Executive

Mittal Electronics; New Delhi, Sonipat; On-site; INR 400,000 - 560,000; Full time

Job summary

Mittal Electronics in Delhi seeks an experienced Payment Operations Specialist to manage end-to-end payments, validation, and reconciliation. You will coordinate with Purchase, Stores, and Accounts Payable to ensure timely processing.

The role emphasizes compliance with TDS, GST, and company policies, handling multiple bank portals, and maintaining accurate payment records. Applicants should have hands-on experience in ERP systems and banking transactions.

Qualifications

• Experience in end-to-end payments processing.
• Proficient in reconciling payment records.
• Ability to coordinate with procurement, stores, and AP teams.
• Knowledge of GST, TDS, and statutory deductions.

Responsibilities

• Prepare daily, weekly, and monthly payment planning.
• Process payments via banking portals and ensure policy compliance.
• Coordinate approvals with Purchase, Stores, and Management.
• Reconcile bank statements with payment records and ERP entries.
• Handle vendor and internal payment inquiries and audits.
• Ensure confidentiality of banking credentials and payment information.

Skills

Payment processing

Banking portals

Vendor coordination

Reconciliation

Compliance

Tools

ERP system

Banking portals

Job description

Role & responsibilities

1. Payment Processing

• Prepare daily, weekly, and monthly payment Planning.
• Process vendor, employee reimbursement, statutory, and other payments through banking portals.
• Verify payment requests against approved invoices, purchase orders, and supporting documents.
• Ensure payments are made within approved credit terms and company policies.
• Upload payment files and initiate transactions in various bank portals.

2. Approval Coordination

• Liaise with Purchase, Stores, User Departments, and Management for payment approvals.
• Follow up with approvers to ensure timely release of payments.
• Resolve payment-related queries and discrepancies before processing.
• Maintain proper approval records and supporting documentation.

3. Banking Operations

• Handle multiple bank portals and online banking transactions.
• Monitor payment status and ensure successful completion of transactions.
• Coordinate with banks for transaction issues, banking limits, and operational matters.
• Manage beneficiary creation, modification, and validation as per company procedures.

4. Reconciliation & Controls

• Reconcile bank statements with payment records.
• Verify payment entries posted in ERP/accounting software.
• Ensure that duplicate or unauthorized payments are avoided.
• Maintain payment registers and supporting records.

5. Vendor & Internal Coordination

• Respond to vendor payment inquiries.
• Coordinate with Purchase and Accounts Payable teams for invoice and payment status.
• Support month-end and year-end payment reconciliations.
• Assist in audit requirements related to payments and banking transactions.

6. Compliance

• Ensure compliance with company payment policies and approval matrix.
• Verify TDS, GST, and other statutory deductions before payment processing.
• Maintain confidentiality of banking credentials and payment information.