Job Opening For Accounts Payable Executive

Metro Brands Limited; Mumbai; On-site; INR 400,000 - 700,000; Full time

Job summary

Metro Brands Limited is hiring an Accounts Payable Executive based in Kurla West, Mumbai. The role covers payments, vendor invoicing, ledger reconciliation, and fixed asset verification.

You will ensure accurate master data, adhere to payment approvals, and coordinate with treasury and procurement. The ideal candidate holds a postgraduate degree in Commerce/Accounting/Finance (M.Com preferred) and strong MS Excel skills.

Qualifications

• Postgraduate in Commerce, Accounting, or Finance; (M.Com is preferred.

Responsibilities

• Verify vendor invoices, supporting documents, and required approvals before processing payments.
• Prepare payment proposals and initiate payments in accordance with approved payment terms and the authorised approval matrix.
• Ensure accuracy of vendor master details, bank account information, payment amounts, due dates, and applicable tax deductions.
• Coordinate with procurement and other departments to resolve pending invoices and payment discrepancies.
• Perform vendor ledger reconciliations and investigate duplicate invoices, unadjusted advances, outstanding balances, and unidentified transactions.
• Maintain complete payment documentation and ensure an appropriate audit trail for all payments.
• Coordinate with the treasury or banking team, wherever applicable, to track payment status and resolve failed or rejected transactions.
• Ensure that payments are processed only after the prescribed verification and approval procedures are completed.
• Prepare and coordinate a periodic physical verification plan for Fixed Assets.
• Verify assets against the FAR and reconcile with accounting records.

Skills

MS Excel

SAP/ERP

Education

Postgraduate in Commerce/Accounting/Finance

M.Com preferred

Job description

Job Opening for Accounts Payable Executive

Years of Education : 3-4 Years

Location : Kurla West

Education Qualification : Masters

Role & responsibilities

A. Payments and Accounts Payable

1. Verify vendor invoices, supporting documents, and required approvals before processing payments.
2. Prepare payment proposals and initiate payments in accordance with approved payment terms and the authorised approval matrix.
3. Ensure accuracy of vendor master details, bank account information, payment amounts, due dates, and applicable tax deductions.
4. Coordinate with procurement and other departments to resolve pending invoices and payment discrepancies.
5. Perform vendor ledger reconciliations and investigate duplicate invoices, unadjusted advances, outstanding balances, and unidentified transactions.
6. Maintain complete payment documentation and ensure an appropriate audit trail for all payments.
7. Coordinate with the treasury or banking team, wherever applicable, to track payment status and resolve failed or rejected transactions.
8. Ensure that payments are processed only after the prescribed verification and approval procedures are completed.

B. Physical Verification of Fixed Assets

1. Prepare and coordinate a periodic physical verification plan covering all warehouses, offices, and other company locations.
2. Obtain location-wise asset listings from the Fixed Asset Register and coordinate with the respective location in-charges for physical verification.
3. Verify assets against the FAR based on asset identification number, description, quantity, location, and assigned custodian.
4. Reconcile physical verification results with the FAR and relevant accounting records for each location.
5. Investigate discrepancies in coordination with location in-charges, department heads, IT, administration, stores, and other relevant teams.

Qualifications and Experience

Postgraduate in Commerce, Accounting, or Finance; (M.Com is preferred.

25 years of relevant experience in accounts payable, payment processing, fixed asset accounting

Working knowledge of SAP or another ERP system, particularly vendor accounting and fixed asset records and reconciliation.

Good knowledge of MS Excel and reconciliation techniques.