Senior Associate, Finance

Coats Group plc; Madurai District; On-site; INR 600,000 - 900,000; Full time

Job summary

Coats Group plc in Tamil Nadu, India, is seeking a Senior Associate – Finance to manage end-to-end AP operations and bill discounting matters. You will ensure accurate posting in ERP, verify invoices, and maintain statutory compliance while coordinating with treasury and procurement teams.

The role requires CA/CMA qualification with 1–4 years of AP experience, strong Excel skills, and familiarity with SAP/Oracle systems. Join a global leader in textiles and performance materials.

Qualifications

• CA / CMA qualification completed.
• 1–4 years of experience in Accounts Payable / Finance Operations.
• Exposure to bill discounting / supply-chain financing / working capital.
• ERP experience with SAP or Oracle.
• Strong understanding of GST, TDS, and statutory compliance.
• Proficiency in Excel and financial systems.

Responsibilities

• Process vendor invoices accurately and post in ERP on time.
• Verify invoices against POs, contracts, and documents.
• Ensure GST, TDS and statutory compliance.
• Prepare and process vendor payments per terms.
• Monitor converter’s bill discounting transactions and reconciliations.
• Support month-end and year-end close related to AP and bill discounting.
• Assist audits and maintain internal controls.

Skills

VAT/GST knowledge

Accounts Payable

ERP systems

Excel

Analytical skills

Stakeholder coordination

Education

CA / CMA (Qualified)

Tools

SAP

Oracle

Job description

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Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.

Trusted by the world's leading companies to deliver crucial, innovative, and sustainable solutions, we provide value-adding products including apparel, footwear and speciality threads.

With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, we have operations across 50 countries with a workforce of over 17,000, serving our customers worldwide.

Role Purpose:

The Senior Associate – Finance will manage end‑to‑end accounts payable operations, including vendor payments, statutory compliance, and monitoring of converter’s bill discounting arrangements, ensuring accuracy, timeliness, and adherence to internal controls and accounting standards.

What you will do (Key Responsibilities):

• Process vendor invoices accurately and ensure timely posting in the ERP system
• Verify invoices against Purchase Orders, contracts, and supporting documents
• Ensure compliance with GST, TDS, and other statutory requirements
• Prepare and process vendor payments as per approved terms and schedules
• Monitor converter’s bill discounting transactions, including:
  • Tracking discounted bills and outstanding liabilities
  • Ensuring timely settlement with financial institutions
  • Reconciling bill discounting balances with vendors and lenders
  • Accounting and interest cost recognition related to bill discounting
• Perform vendor and bill discounting reconciliations and resolve discrepancies
• Monitor ageing of payables and discounted bills, ensuring no overdue exposures
• Support month‑end and year‑end close activities related to AP and bill discounting
• Assist in preparation of schedules and confirmations for audits (internal, statutory, and tax)
• Ensure adherence to internal controls, approval matrix, and company policies
• Coordinate with procurement, treasury, and business teams for invoice and discounting‑related matters
• Support process improvements and automation initiatives within Accounts Payable

Who you are (Requirements):

• CA / CMA (Qualified)
• 1–4 years of relevant experience in Accounts Payable / Finance Operations
• Exposure to bill discounting / supply‑chain financing / working capital management preferred
• Experience with ERP systems (SAP / Oracle / similar.
• Strong understanding of Accounts Payable processes and accounting principles
• Working knowledge of GST, TDS, and statutory compliance
• Basic understanding of bill discounting mechanisms and interest accounting
• Strong reconciliation and analytical skills
• Attention to detail and accuracy
• Ability to manage multiple deadlines
• Proficiency in MS Excel and financial systems
• Effective communication and stakeholder coordination skills

At Coats Group, we are committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you are passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.

Coats is an equal opportunity employer and is committed to ensuring employment practices that promote diversity across its workforce.

We are dedicated to creating a workplace that values and respects the unique perspectives, experiences, skills, and backgrounds of all employees.

We encourage talented individuals from all walks of life to join us in shaping an inclusive and forward-thinking organisation.