GyFTR – AVP – Accounts Payable – CA

GyFTR; Delhi; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

A leading finance company is seeking an experienced AVP – Accounts Payable to oversee the accounts payable function. The successful candidate will manage a team, ensure timely processing of payments, and enhance operational efficiency through automation and process improvements. Strong leadership skills and extensive knowledge in taxation and ERP systems are essential for this role.

Qualifications

• 8+ years of experience in Accounts Payable, with at least 5 years in a corporate setup.
• Strong knowledge of GST and TDS compliance.
• Experience in managing month-end closing processes.

Responsibilities

• Lead and mentor a team of 5-7 members in the Accounts Payable department.
• Ensure timely and accurate processing of vendor payments.
• Oversee month-end closing and reconciliation processes.

Skills

Vendor reconciliation

Taxation knowledge

ERP systems proficiency

Process improvement

Leadership skills

Education

CA or MBA

Tools

Tally

Job description

We are looking for an experienced AVP – Accounts Payable to lead and manage the Accounts Payable function.

As the AVP, you will be responsible for overseeing the entire accounts payable process, ensuring the timely and accurate processing of payments, and managing a team of 5-7 professionals.

The role requires expertise in vendor reconciliation, taxation, ERP systems, and driving process improvement initiatives, including automation, to enhance efficiency and accuracy within the Accounts Payable department.

Key Responsibilities & Result Areas:

• Leadership & Team Management: Lead and mentor a team of 5-7 members, ensuring effective and efficient operation of the Accounts Payable department.
• Payment Processing: Ensure timely, accurate, and compliant payments to vendors and suppliers.
• Cost Booking & Accounting: Oversee the accurate booking of purchase costs and ensure adherence to accounting standards.
• Process Documentation & SOPs: Develop, implement, and maintain comprehensive Standard Operating Procedures (SOPs) for the Accounts Payable processes.
• Employee Reimbursements: Manage and streamline employee reimbursement processes, ensuring prompt processing and compliance.
• TDS Compliance: Ensure compliance with TDS regulations for all payments made, adhering to statutory requirements.
• Month-End Closing: Oversee the creation of month-end provisions and ensure strict adherence to month-end closing processes.
• Reconciliation Management: Supervise and ensure timely reconciliation of accounts and balance confirmations from suppliers.
• External Relations: Foster and maintain relationships with external clients and brands to address any payment-related queries and concerns.
• Process Improvement & Automation: Identify opportunities for process improvement, lead automation initiatives to enhance efficiency within the Accounts Payable function.
• Cross-Functional Collaboration: Collaborate with internal teams and external stakeholders to streamline operations and ensure timely, accurate financial reporting.

Qualifications & Skillset:

• CA with at least 8 years of experience (minimum 5 years in a corporate setup) or MBA with 10+ years of relevant experience in Accounts Payable (Indian Accounting).
• Strong expertise in vendor and bank reconciliation, indirect and direct taxation, GST compliance, and TDS compliance.
• Proven experience in managing month-end closing processes and reporting.
• Proficiency in ERP tools such as Tally or similar systems.
• Extensive experience in employee reimbursements and managing purchase bookings.
• Strong interpersonal and communication skills, with the ability to effectively coordinate with external clients and internal teams.
• Proven track record in process improvement and leading automation initiatives within the Accounts Payable function.
• Strong leadership and project management skills with the ability to handle multiple tasks simultaneously.