Assistant Accounts Payable Manager

Veetechnologies

Bengaluru

In loco

INR 1.200.000 - 1.800.000

Tempo pieno

7 giorni fa

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Descrizione del lavoro

Veetechnologies in Bengaluru seeks an experienced Assistant Manager – Accounts Payable to lead end-to-end AP operations. The role requires strong knowledge of GST, TDS, vendor compliance, and advanced Excel, with at least 8 years of relevant experience in manufacturing and corporate environments.

The ideal candidate will drive process improvements, ensure compliance with internal controls, manage vendor relationships, and support month-end close with accurate AP MIS reporting.

Competenze

B.Com / M.Com / MBA Finance / CA Inter required or equivalent qualifications.
Minimum 8 years of experience in Accounts Payable, Finance & Accounting.
Experience in medium to large corporate environments preferred.

Mansioni

Manage end-to-end vendor invoice processing and payment cycles.
Ensure timely and accurate booking of supplier invoices.
Perform vendor reconciliations and resolve discrepancies.
Monitor AP aging and adherence to payment terms.
Coordinate with internal stakeholders for invoice approvals and dispute resolution.
Three-way matching of PO/GRN/invoice for manufacturing AP.
Support month-end close and AP MIS reporting.

Conoscenze

Advanced Excel

Analytical skills

Vendor management

Financial analysis

Stakeholder management

Process improvement

Leadership potential

Formazione

B.Com/M.Com/MBA Finance

Strumenti

Microsoft Dynamics 365

Tally

QuickBooks

Descrizione del lavoro

Assistant Manager Accounts Payable

We are looking for a highly analytical and detail-oriented Assistant Manager – Accounts Payable with a strong finance background and a minimum of 08 years of relevant experience in Accounts Payable operations. The ideal candidate should possess excellent knowledge of statutory compliance, vendor management, financial controls, and advanced Excel. The role requires strong analytical capabilities to support process improvement, reporting, and decision-making.

Key Responsibilities

Accounts Payable Operations

Manage end-to-end vendor invoice processing and payment cycles.
Ensure timely and accurate booking of supplier invoices.
Perform vendor reconciliations and resolve outstanding discrepancies.
Monitor AP aging and ensure adherence to payment terms.
Coordinate with internal stakeholders for invoice approvals and dispute resolution.

Manufacturing Accounts Payable operations

Perform three-way matching of purchase orders, goods receipt notes (GRNs), and supplier invoices, including quantity, rate, tax, and payment-term validation.
Process and review invoices for raw materials, consumables, stores and spares, job work, subcontracting, repairs and maintenance, utilities, freight, and other plant-related services.
Coordinate with Purchase, Stores, Production, Quality, Logistics, and Plant Finance teams to resolve blocked invoices, short or excess receipts, rejections, returns, and rate or quantity variances.
Ensure correct accounting treatment and coding of inventory, consumption, expenses, capital expenditure, and CWIP transactions in accordance with company policy.
Validate debit notes, credit notes, purchase returns, quality claims, price differences, and recovery deductions before vendor settlement.
Review freight, import, customs, clearing and forwarding, and landed-cost documents, where applicable, and ensure accurate allocation to materials or assets.
Reconcile vendor balances, GR/IR or goods-received-not-invoiced accounts, advances, retention amounts, and unbilled liabilities; follow up on long-pending items.
Support month-end cut-off by coordinating accruals for material received and services completed but not invoiced, and by monitoring open purchase orders and pending GRNs.
Maintain invoice traceability to purchase orders, receipt records, inspection or service-entry approvals, and supporting documents for audit readiness.
Understand manufacturing cost centres, plant-wise accounting, batch or project references, and allocation of common expenses across departments or units.

Compliance & Controls

Ensure compliance with GST, TDS, and other statutory requirements.
Validate vendor documentation and tax compliance before payment processing.
Support internal and external audits by providing required schedules and documentation.
Maintain strong internal controls and adherence to company policies.

Financial Analysis & Reporting

Prepare AP MIS reports and management dashboards.
Analyze vendor spending trends and identify cost optimization opportunities.
Track payment performance metrics and process efficiency.
Support month-end and year-end closing activities.

Process Improvement

Identify automation opportunities within AP processes.
Drive continuous improvement initiatives to enhance accuracy and turnaround time.
Collaborate with cross-functional teams for workflow optimization.

Required Qualifications