Assistant Accounts Payable Manager

Sid's Farm; Hyderabad; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Sid's Farm is seeking an Assistant Manager Payables in Hyderabad to lead the Accounts Payable/Procure-to-Pay function. You will ensure timely vendor accounting, effective payment planning, and strong controls with maker-checker approvals.

You will supervise Payables Executives, drive month-end closures, and coordinate with Procurement, Tax, HR and Treasury to optimise cash usage and funding plans.

Qualifications

• Must-have CMA Inter or CA Inter qualification.
• Experience in Accounts Payable or Procure-to-Pay is desirable.

Responsibilities

• Manage end-to-end Accounts Payable/Procure-to-Pay processes including invoice processing and vendor reconciliation.
• Maintain strong controls over payments with proper approvals and maker-checker checks.
• Prepare and monitor weekly/monthly payment plans based on dues and business needs.
• Forecast payment requirements and plan critical/statutory payments in advance.
• Prepare fund utilisation statements showing available funds and cash requirements.
• Monitor daily/weekly fund position and highlight potential funding gaps to management.
• Prioritize payments based on due dates, cash availability, and business criticality.
• Review vendor ageing and resolve long-pending or disputed balances.
• Supervise Payables Executives and ensure accurate invoicing, reconciliations, and ageing.
• Ensure timely month-end/year-end payables closure and audit schedules.
• Coordinate with Procurement, Operations, Tax, HR, Treasury/Banking and other teams for timely payments.

Education

CMA Inter/CA Inter

Job description

Role Summary:

Assistant Manager Payables

Department: Finance & Accounts

Reporting To: Manager Finance / Finance Head

Job Purpose

Responsible for managing and controlling the Accounts Payable and payment

function, ensuring timely and accurate vendor accounting, effective payment

planning, fund utilisation, and strong payment controls.

Key Responsibilities

• Manage the end-to-end Accounts Payable / Procure-to-Pay process, including invoice processing, vendor reconciliation, advances, and ageing.
• Maintain strong control over payments, ensuring proper approvals, supporting documents, and maker-checker controls before release.
• Prepare and monitor weekly/monthly payment plans based on vendor dues, payment priorities, and business requirements.
• Forecast upcoming payment requirements and ensure critical/statutory payments are planned in advance.
• Prepare fund utilisation statements covering available funds, expected inflows, planned payments, and other cash requirements.
• Monitor daily/weekly fund position and utilisation and highlight potential funding gaps to management.
• Prioritise payments based on business criticality, due dates, statutory obligations, and cash availability.
• Review vendor ageing and ensure timely resolution of long-pending and disputed balances.
• Review and supervise the work of the Payables Executives/team, including invoice accounting, reconciliations, payment proposals, and vendor ageing.
• Ensure timely and accurate month-end/year-end payables closure and provide schedules for audit and management reporting.
• Coordinate with Procurement, Operations, Tax, HR, Treasury/Banking, and other teams for timely payments and resolution of issues.

Key KPIs

• Payment accuracy and control
• Timely payment planning
• Accuracy of fund utilisation and cash requirement forecasts
• Vendor reconciliation and ageing accuracy
• Timely statutory and critical payments
• Reduction in overdue/long-pending payables
• Timely month-end closure
• Effective review and supervision of the payables team

Ideal Candidate

A finance professional who can control and plan the payables function, not merely process invoices and payments, with the ability to clearly identify what needs to be paid, when it needs to be paid, how much funding is required, and how available funds should be utilized.

Qualification required: CMA Inter/CA Inter