Senior Executive – Accounts Payable

Licious; Bengaluru; On-site; INR 162,000 - 198,000; Full time

Job summary

Licious, Bengaluru-based meat and seafood company, is seeking an Accounts Payable Lead to manage the AP function, CAPEX, provisions, fixed assets, bank reconciliations, and month-end closing. You will oversee the AP team, drive process improvements, resolve escalations, and work with vendors and internal stakeholders.

Expectations include supervising the AP process end-to-end, ensuring timely payments, and maintaining strong controls.

Qualifications

• Bachelor's degree in Accounting, Finance, CA Inter / CMA Inter / MBA Finance or equivalent qualification is an advantage.

Responsibilities

• Manage end-to-end Accounts Payable process including invoice receipt validation, accounting, approval and payment.
• Monitor 2-way/3-way matching of invoices with purchase orders and goods receipts.
• Review aged payables and follow up on discrepancies and payment exceptions.
• Supervise, mentor and develop the Accounts Payable team against KPIs and SLAs.
• Support month-end and year-end close activities and AP-related accruals and reconciliations.
• Ensure compliance with internal controls and assist with internal/external audits.

Skills

Accounts Payable

P2P

Team leadership

Education

Bachelor's degree in Accounting, Finance / CA Inter / CMA Inter / MBA Finance

Job description

We are Licious and we are a Bengaluru-based meat and seafood company founded in 2015 by Abhay Hanjura and Vivek Gupta, our founders, foodies, and friends. We pride ourselves on being India’s most successful D2C food-tech brand operating in 20 cities across the country, delighting over 32 lac customers with our de-licious fresh meat and seafood!

Think you have what it takes to be the magic ingredient in the recipe that is Licious? Read on…

Overview:

We are looking for a detail-oriented and experienced Accounts Payable Lead to manage and oversee the Accounts Payable function along with key accounting activities including CAPEX, provisions, fixed assets, bank reconciliations, and month-end closing. The role will be responsible for accurate and timely accounting, reconciliations, vendor payments, compliance, and team management.

The successful candidate will also supervise the AP team, drive process improvements, resolve escalations, and work closely with internal stakeholders and vendors.

What makes the role meaty?

Accounts Payable Operations

• Manage the end-to-end Accounts Payable process, including invoice receipt validation, accounting, approval, and payment.
• Ensure invoices are processed accurately and within agreed turnaround times.
• Monitor 2-way/3-way matching of invoices with purchase orders and goods receipts.
• Review and resolve invoice discrepancies, blocked invoices, and payment exceptions.
• Ensure accurate vendor master data and appropriate controls over vendor creation and amendments.
• Monitor employee reimbursements and other non-PO invoices, where applicable.
• Handle vendor queries and payment-related escalations.
• Perform regular vendor account reconciliations and resolve outstanding items.
• Coordinate with procurement and business teams to resolve purchase order and invoice issues.
• Ensure timely and accurate vendor payments.

Month-End & Year-End Closing

• Support monthly, quarterly, and annual financial close activities.
• Prepare and review AP-related accruals, provisions, and reconciliations.
• Ensure AP sub-ledger balances are reconciled with the General Ledger.
• Review aged payables and ensure appropriate follow-up and resolution.
• Support audit requirements and provide required schedules and documentation.

Team Management

• Supervise, mentor, and develop the Accounts Payable team.
• Allocate workload and monitor team performance against agreed KPIs and SLAs.

Controls & Compliance

• Ensure compliance with company policies, internal controls, and applicable accounting requirements.
• Identify control gaps and implement corrective actions.
• Support internal and external audits by providing accurate documentation and explanations.
• Monitor duplicate payments, unusual transactions, and other AP-related risks.
• Ensure proper documentation and audit trails are maintained.

Process Improvement

• Identify opportunities to improve AP efficiency, accuracy, and turnaround time.
• Support automation and digitization initiatives within the P2P process.
• Develop and monitor AP KPIs and performance dashboards.
• Participate in process standardization and continuous improvement initiatives.

Fixed Assets

• Maintain and monitor the Fixed Asset Register.
• Review capitalization requests and ensure assets are capitalized in accordance with company policies.
• Ensure correct asset classification, useful life, depreciation, and accounting treatment.
• Record asset additions, transfers, disposals, and retirements accurately.
• Perform periodic reconciliation of the Fixed Asset Register with the General Ledger.
• Support physical verification of fixed assets and resolve discrepancies.
• Assist with fixed asset-related audit requirements.

We hope that you …

• Have a Bachelor's degree in Accounting, Finance,CA Inter / CMA Inter / MBA Finance or equivalent qualification is an advantage.
• Have 4-8 years of relevant experience in Accounts Payable, P2P, CAPEX, Fixed Assets, and General Accounting.
• Have Prior experience in a supervisory or team-lead role is preferred.