Accounts Payable Manager

Michael Page; Maharashtra; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Michael Page is seeking an AP Manager in India, Maharashtra. This role includes ensuring timely vendor payments, maintaining accounting hygiene, and leading automation initiatives. The ideal candidate should possess a B.com/M.com/CA Inter, have over six years of experience in the Procure to pay process, along with expertise in MS Office, especially Excel, and proficiency in ERP systems like D365. Join a reputable organization in the industrial sector for a rewarding opportunity!

Qualifications

• 6+ years of experience in the Procure to pay process.
• Expert knowledge of MS Office, especially Excel.
• Proficient in ERP systems and advanced Excel.

Responsibilities

• Ensure timely payments to vendors.
• Maintain accounting hygiene and accuracy.
• Lead and execute automation initiatives.

Skills

Procure to pay process

MS Office (especially Excel)

ERP systems (e.g., D365)

Analytical skills

Communication skills

Education

B.com/M.com/CA Inter or equivalent

Tools

Excel

D365

Job description

• It is a Team Lead role
• Part of a large MNC

About Our Client

The hiring company is a well-established organization in the mechanical industry, known for its commitment to precision and excellence. As a medium-sized company, it offers a structured yet collaborative work environment within the industrial and manufacturing sector.

Job Description

• Responsible for ensuring correct and timely payments to the vendors - both domestic and import.
• Responsible for ensuring 100% invoice verification / validation and correct accounting in the ERP systems on First Time Right basis.
• Ensuring match for invoices with GRN and PO.
• Ensuring the correct deduction of TDS & booking of GST.
• Ensuring 95%+ invoice processing and payment efficiency every period.
• Frequent stakeholder connects to resolve the payment issues and queries.
• Closely working with the Treasury team to ensure timely payments.
• Efficient resolution of Bank's queries with respect to import payments.

Business Performance Improvement and Governance & Controls

• Setting, review and streamlining of the P2P processes as may be required to improve governance / internal controls and drive productivity.
• Ensuring high level of accounting hygiene AP ledgers through frequent reviews and connect with the users.
• AP data analytics for driving invoice consolidation & influencing working capital delivery.
• Handle AP/treasuries for multiple entities, including group, subsidiary, and associate companies, ensuring proper consolidation and compliance.
• Responsible for timely vendor reconciliations (Including intercompany).
• Prepare bank reconciliations weekly.
• Facilitating and supporting on open purchase order review.
• Vendor creation documents to be reviewed & keeping for System audit. It should always match with ERP.
• Responsible for continuously improving the efficiency of the P2P process, taking the lead on the initiatives.
• Responsible for leading & executing the automation agenda including process conceptualization.

Period end closing and Internal controls and Statutory Audit

• Responsible for ensuring strict adherence with the period end calendar requirements and timelines.
• Preparation and analysis of cash flow (NCFO) analysis (related to AP ledgers) and submission to the Financial Controller.
• Preparation & review of P2P period end balance sheet schedules and timely and effective closure of the review action points.
• Ensuring resolution of the observations and queries in a timely manner.
• Responsible for preparation of P2P schedules as required by Indian accounting standards / Ind AS for the statutory audit.
• Actively participating in the execution and completion of the statutory audit.
• Responsible for other reviews and analysis, as may be required from time to time to understand the financial balances and driving financial hygiene.
• Develop and maintain a filing system for financial information, records and documents to ensure easily available information.

The Successful Applicant

• B.com/M.com/CA Inter or equivalent.
• Complete knowledge of Procure to pay process with experience of 6 years & more.
• Expertise on MS office (especially Excel incl. advance commands)
• Proficiency in ERP systems (e.g., D365) and advanced Excel.
• Excellent analytical and communication skills.

Key Competencies

• Detail-oriented with strong problem-solving skills.
• Ability to manage multiple priorities under tight deadlines.
• Collaborative and proactive approach.
• High integrity and commitment to accuracy.

What's on Offer

If you are passionate about accounting and finance and want to contribute to a reputable organization in the industrial and manufacturing sector, we encourage you to apply for this exciting opportunity as an AP Manager!