Manager - Accounts Payable

Menarini Asia-Pacific; Mumbai; On-site; INR 900,000 - 1,400,000; Full time

Job summary

A. Menarini India Pvt. Ltd.

in Mumbai is seeking an experienced Accounts Payable lead to manage end-to-end AP processes, ensure accurate invoice processing, timely vendor payments, and strict internal controls. You will drive month-end close, reconciliations and ensure compliance with Ind AS/IFRS and GST, while leading a team and coordinating with cross-functional groups. Role requires CA Inter / Semi-qualified CA or CA with about 1 year post-qualification, 5–7 years total experience, and ERP

Qualifications

• Experience in pharmaceutical, healthcare or multinational company is a plus.
• Strong knowledge of Ind AS, IFRS, GST and month-end closing.
• ERP knowledge with SAP or Microsoft Dynamics preferred.
• Excellent Excel and financial reporting skills.
• Ability to lead a team and drive process improvements.
• Strong ownership, problem-solving and communication skills.

Responsibilities

• Manage end-to-end Accounts Payable, including invoicing, vendor payments and reimbursements.
• Review invoices, POs, approvals, expense classifications and supporting docs.
• Monitor payables ageing, blocked invoices and payment schedules.
• Prepare journal entries, accruals, provisions, and month-end adjustments.
• Conduct AP month-end closing and related balance sheet reconciliations.
• Ensure GST, ITC validation and TDS compliance in coordination with Tax.
• Lead AP team, enforce controls, and drive automation and system improvements.
• Collaborate with Procurement, Supply Chain, Treasury and regional finance.

Skills

Strong accounting

Analytical skills

Reconciliation

Excel

Financial reporting

Automation & process improvement

Project execution

Education

CA Inter / Semi-qualified CA

CA with ~1 year PCE

Tools

SAP

Microsoft Dynamics AX

D365

Job description

Company: A. Menarini India Pvt. Ltd. (Subsidiary of Menarini Asia Pacific)

Department: Finance & Accounts

Reporting to: Finance Controller

Qualification: CA Inter / Semi-qualified CA (5-7 years experience) / CA with approximately 1 year of post-qualification experience

1. Role Objective

To manage the end-to-end Accounts Payable function, ensuring accurate and timely invoice processing, vendor payments, accounting, reconciliations, financial reporting and statutory compliance. The role also involves team leadership, internal controls, cross-functional coordination and driving process improvements and finance projects.

A. End-to-End Accounts Payable Management

• Manage the complete AP cycle, including invoice processing, vendor payments, employee reimbursements, advances and vendor reconciliations.


• Review invoices, purchase orders, approvals, expense classifications and supporting documentation.


• Monitor outstanding payables, invoice ageing, blocked invoices and payment schedules.


• Ensure accurate accounting and timely resolution of vendor queries and discrepancies.


• Prepare and review journal entries, expense accruals, provisions, prepayments and month-end adjustments.


• Manage month-end closing activities and AP-related balance sheet reconciliations.


• Review vendor balances, advances, GR/IR and other open items.


• Support preparation of financial statements, management reports and audit schedules.


• Ensure compliance with applicable accounting standards, including Ind AS, IFRS and Indian GAAP, as relevant.

C. Tax & Statutory Compliance

• Ensure appropriate GST treatment, ITC validation and reconciliation of purchase records with GST data.


• Oversee AP-related TDS, withholding tax and other applicable compliance requirements in coordination with the Tax Team.


• Support statutory, tax and internal audits and ensure timely closure of audit observations.

D. Team Leadership & Internal Controls

• Lead, guide and review the work of the Accounts Payable team.


• Ensure adherence to company policies, approval matrices, maker-checker controls and segregation of duties.


• Monitor team productivity, processing timelines and accuracy.


• Strengthen controls to prevent duplicate payments, incorrect vendor bank details and unauthorised transactions.

E. ERP Systems & Process Improvement

• Manage AP transactions and accounting workflows through ERP systems.


• SAP / Microsoft Dynamics AX / D365 experience will be preferred.


• Identify opportunities for automation, process simplification and improved reporting.


• Participate in ERP enhancements, UAT, system implementation and finance transformation initiatives.


• Take ownership of assigned projects and drive them through timely execution and closure.

F. Cross-Functional Coordination

• Coordinate with Procurement, Supply Chain, Treasury, Tax, HR, IT, business teams and regional finance.


• Resolve purchase order, invoice, payment and reconciliation issues.


• Support payment planning, vendor management and working capital initiatives.


• Work with stakeholders to improve process efficiency and compliance.

3. Qualification & Experience

• Experience in a pharmaceutical, healthcare, or multinational company will be an advantage.


• Strong practical knowledge of accounting, Ind AS/IFRS, GST, TDS and month-end closing.


• Strong accounting, analytical and reconciliation skills.


• ERP knowledge, preferably SAP or Microsoft Dynamics.


• Good Excel and financial reporting skills.


• Team management, review and decision-making capabilities.


• Strong ownership, problem-solving and communication skills.


• Proactive approach to automation, process improvement and project execution.