Payments Manager

Vishwa Samudra Engineering; Hyderabad; On-site; INR 1,800,000 - 3,000,000; Full time

Job summary

Vishwa Samudra Engineering is seeking an experienced Payments Head to lead end-to-end payment processing in Hyderabad. The role requires managing vendor payments, employee reimbursements, salary payments, and statutory dues while ensuring accuracy and timely settlements.

You will oversee reconciliation, bank operations, MIS reporting, and collaborate with procurement, treasury, tax, audit, and business teams to strengthen controls and drive automation.

Qualifications

• Experience in end-to-end payment processing and vendor/employee payments.
• Knowledge of GST, TDS and statutory payments.
• Ability to review requests and enforce approval matrices.
• Strong reconciliation and audit trail skills.

Responsibilities

• Lead end-to-end payment processing and ensure timely settlement of all approved payments.
• Manage vendor payments, employee reimbursements, salary payments, statutory dues, taxes and other transactions.
• Review and authorize payment requests per policies.
• Ensure cash flow planning with Treasury/Finance teams.
• Monitor bank transactions, reconciliations, and outstanding items.
• Maintain documentation and audit trails for all payments.
• Coordinate with banks for payment issues.
• Ensure compliance with tax, statutory, banking, and internal controls.
• Identify and resolve payment discrepancies and duplicate payments.
• Establish internal controls to minimize payment risks and fraud.
• Monitor payment MIS, ageing reports and cash requirements.
• Coordinate with Procurement, Accounts Payable, Treasury, Tax, Audit, and Business teams.
• Drive automation and process improvements in payment operations.
• Support internal and statutory audits with records.
• Lead, mentor, and manage the payments/accounts payable team.

Skills

Payment Processing

Accounts Payable

Treasury Operations

Banking Processes

GST & TDS

MIS Reporting

Internal Controls

Team Leadership

Stakeholder Management

Analytical Skills

Tools

SAP

Oracle

Excel

Job description

Key Responsibilities

• Lead end-to-end payment processing and ensure timely settlement of all approved payments.
• Manage vendor payments, employee reimbursements, salary-related payments, statutory dues, taxes, and other financial transactions.
• Review and authorize payment requests in accordance with company policies and approval matrices.
• Ensure adequate cash flow planning and coordinate with Treasury/Finance teams for payment requirements.
• Monitor bank transactions, payment reconciliations, and outstanding payment items.
• Ensure proper documentation, supporting invoices, approvals, and audit trails for all payments.
• Coordinate with banks and financial institutions for payment-related issues and transactions.
• Ensure compliance with applicable tax, statutory, banking, and internal control requirements.
• Identify and resolve payment discrepancies, rejected transactions, duplicate payments, and reconciliation issues.
• Establish strong internal controls to minimize payment risks, fraud, and financial leakages.
• Monitor payment MIS, ageing reports, cash requirements, and other management reports.
• Coordinate with Procurement, Accounts Payable, Treasury, Tax, Audit, and Business teams.
• Drive automation and process improvements in payment operations.
• Support internal and statutory audits by providing required payment records and documentation.
• Lead, mentor, and manage the payments/accounts payable team.

Key Skills & Competencies

• Strong knowledge of Payment Processing, Accounts Payable and Treasury Operations.
• Excellent understanding of banking processes and payment systems.
• Good knowledge of GST, TDS and statutory payments.
• Strong reconciliation and analytical skills.
• Experience in ERP systems such as SAP / Oracle / Any other relevant tool.
• Good knowledge of MIS, financial controls and audit requirements.
• Strong team management and stakeholder management skills.
• Excellent attention to detail and problem-solving ability.
• Ability to manage high-volume payments and strict deadlines.

Preferred Experience

• Candidates from manufacturing, infrastructure, EPC, construction, FMCG, shared services, or other high-volume payment environments will be preferred.
• Key Performance Indicators (KPIs)
• Payment accuracy and timeliness
• Reduction in payment exceptions and rejections
• Vendor payment turnaround time
• Bank and ledger reconciliation accuracy
• Compliance with internal controls and statutory requirements
• Reduction in duplicate/incorrect payments
• Process automation and efficiency improvements
• Team productivity and SLA adherenceRole & responsibilities