Manager - Payables & Audit

Bakingo; India; On-site; INR 600,000 - 1,000,000; Full time

Job summary

Bakingo is seeking an experienced Accounts Payable Manager to oversee the end-to-end accounts payable process. This role includes managing a team, ensuring compliance with internal controls, and supporting financial objectives.

The ideal candidate will have significant experience in accounts payable operations, strong leadership skills, and knowledge of applicable regulations like GST and TDS.

Qualifications

• Experience in overseeing accounts payable operations.
• Strong leadership skills with a focus on team productivity.
• Knowledge of GST, TDS, and statutory regulations.

Responsibilities

• Oversee end-to-end accounts payable process.
• Lead and manage the Accounts Payable team.
• Ensure timely processing of invoices and compliance with regulations.
• Conduct reviews and provide coaching for team efficiency.

Skills

Leadership

Invoice processing

Compliance knowledge

Team management

Financial reporting

Job description

The Accounts Payable Manager is responsible for leading the end-to-end accounts payable function, ensuring timely and accurate processing of invoices and payments. The role involves managing a team, ensuring compliance with internal controls and statutory requirements, and supporting the organization's cash flow and financial objectives.

Key Responsibilities

Accounts Payable Operations

• Oversee the end-to-end accounts payable process, including invoice verification, approvals, accounting entries, and vendor payments.
• Ensure timely processing of invoices and adherence to payment terms.
• Monitor and manage payment runs, including regular, ad-hoc, and advance payments.
• Review AP aging reports and take corrective actions to address overdue items.

Team Management

• Lead the Accounts Payable team.
• Establish performance goals and monitor team productivity.
• Conduct regular reviews and provide coaching to improve efficiency and accuracy.
• Resolve escalated payment-related issues.
• Ensure timely reconciliation of vendor statements and closure of discrepancies.
• Support procurement and business teams in vendor onboarding and payment-related matters.
• Ensure compliance with company policies, accounting standards, GST, TDS, and other applicable regulations.
• Implement and maintain strong internal controls to prevent duplicate, fraudulent, or erroneous payments.
• Support internal and external audits by providing required documentation and explanations.
• Provide regular updates on payment status, cash flow requirements, and AP metrics.