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

Kotak Mahindra Bank Ltd; Mumbai; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Kotak Mahindra Bank Ltd invites an experienced Accounts Payable professional to join our finance operations in Mumbai. You will manage end-to-end AP lifecycle, ensure regulatory compliance, and collaborate with procurement and compliance teams to resolve discrepancies.

The role demands strong MS Office skills, experience with MSME, GST, TDS, and ERP exposure to maintain accurate ledgers and timely payments.

Qualifications

• 4+ years of experience in Accounts Payable / Finance Operations.
• Strong knowledge of MSME compliance, TDS and GST regulations.
• Proven experience handling invoice processing, payments and statutory compliance.
• Experience in preparing OA/OL schedules and reconciliations.
• Proficiency in MS Office; banking ERP/core systems is a plus.

Responsibilities

• Manage end-to-end Accounts Payable lifecycle including invoice receipt, verification, accounting and payment processing.
• Process vendor payments in line with authorization matrices and guidelines.
• Monitor MSME compliance, timely payments and reporting obligations.
• Apply and validate TDS and GST provisions during invoice processing.
• Support GST and TDS returns preparation and reconciliation.
• Prepare Outstanding Advances and Outstanding Liabilities schedules with periodic review.
• Ensure compliance with internal audit, RBI guidelines and statutory audits.
• Liaise with finance, procurement and compliance to resolve discrepancies.
• Identify and mitigate operational risks in AP and suggest controls.

Skills

Accounts Payable

MSME compliance

GST/TDS

Vendor payments

Excel

Banking ERP

Tools

ERP systems

SAP

Oracle Finacle

Job description

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.