Team Member-AP OPS-OPS-Accounts Payable Operations (AP OPS)

Kotak Mahindra Bank; Mumbai; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Kotak Mahindra Bank in Mumbai seeks an Accounts Payable specialist to manage end-to-end AP, ensure GST and TDS compliance, and maintain OA/OL schedules. You will coordinate with finance, procurement and compliance to resolve discrepancies and strengthen controls.

Requirements include 4+ years in AP, strong MS Excel skills, and experience with ERP systems. The role emphasizes regulatory readiness and process improvements within a banking environment.

Qualifications

• Minimum 4+ years of experience in Accounts Payable / Finance Operations, preferably in banking/financial services.

Responsibilities

• Manage end-to-end Accounts Payable lifecycle: invoice receipt, verification, accounting and payment processing.
• Process vendor payments per authorization matrices and banking guidelines.
• Monitor MSME compliance, timely payments and reporting obligations.
• Apply and validate TDS and GST provisions during invoice processing.
• Support GST and TDS returns reconciliation for regulatory accuracy.
• Maintain OA/OL schedules with periodic review and reconciliation.
• Ensure internal audit/RBI guidelines compliance.
• Liaise with finance, procurement, compliance to resolve discrepancies.
• Identify and mitigate AP process risks and suggest control improvements.

Skills

Accounts Payable

GST compliance

TDS

MSME compliance

Banking ERP

MS Office Excel

Tools

SAP

Oracle

Finacle

Job description

• Manage the end-to-end Accounts Payable lifecycle including invoice receipt, verification, accounting, and payment processing in line with banking policies.
• Process vendor payments in compliance with defined authorization matrices and banking operational guidelines.
• Monitor and ensure compliance with MSME regulations, including timely payments and reporting obligations.
• Apply and validate TDS and GST provisions during invoice processing and ensure compliance with statutory requirements.
• Support preparation and reconciliation of GST returns and TDS returns, ensuring regulatory accuracy.
• Prepare and maintain Outstanding Advances (OA) and Outstanding Liabilities (OL) schedules, including periodic review and reconciliation.
• Ensure compliance with internal audit, RBI guidelines, and statutory audit requirements.
• Liaise with internal stakeholders (finance, procurement, compliance) to resolve discrepancies.
• Identify and mitigate operational risks in the AP process and suggest control improvements.

Key Responsibilities

• Manage the end-to-end Accounts Payable lifecycle including invoice receipt, verification, accounting, and payment processing in line with banking policies.
• Process vendor payments in compliance with defined authorization matrices and banking operational guidelines.
• Monitor and ensure compliance with MSME regulations, including timely payments and reporting obligations.
• Apply and validate TDS and GST provisions during invoice processing and ensure compliance with statutory requirements.
• Support preparation and reconciliation of GST returns and TDS returns, ensuring regulatory accuracy.
• Prepare and maintain Outstanding Advances (OA) and Outstanding Liabilities (OL) schedules, including periodic review and reconciliation.
• Ensure compliance with internal audit, RBI guidelines, and statutory audit requirements.
• Liaise with internal stakeholders (finance, procurement, compliance) to resolve discrepancies.
• Identify and mitigate operational risks in the AP process and suggest control improvements.

Required Qualifications & Experience

• Minimum 4+ years of experience in Accounts Payable / Finance Operations, preferably within the banking or financial services sector.
• Strong working knowledge of MSME compliance, TDS, and GST regulations.
• Proven experience in handling invoice processing through payment and statutory compliance.
• Experience in preparing OA / OL schedules and performing reconciliations.
• Proficiency in MS Office (especially Excel); experience in banking ERP/core systems is a plus.

Key Skills & Competencies

• Strong understanding of financial controls, compliance frameworks, and audit requirements in a regulated environment.
• Excellent analytical and reconciliation skills.
• Effective communication and presentation skills for stakeholder interactions.
• Strong team management and leadership capabilities.
• High attention to detail and accuracy, with a risk-aware mindset.
• Ability to manage multiple priorities and meet strict deadlines.

Preferred Attributes

• Experience working with core banking systems or ERP platforms (SAP, Oracle, Finacle, etc.).
• Exposure to internal/external audits and regulatory inspections (RBI, statutory auditors).
• Familiarity with process automation tools (RPA, workflow systems).
• Prior experience in a large bank or financial institution.