Accounts Payable Specialist

Position Overview

The Team Lead Accounts Payable Finance will be responsible for managing end-to-end AP processes, ensuring compliance with statutory requirements, and driving efficiency through automation and best practices. This role demands strong analytical skills, attention to detail, and the ability to collaborate across teams.

Key Responsibilities-

1. Experience & Education

• Minimum 8+ years of experience in Accounts Payable (AP) operations.
• Educational Qualification: B.Com / M.Com / MBA (Finance).

2. Accounts Payable Operations

• End-to-end AP processing, including:
• Supplier invoice verification and payment processing.
• Statutory payments: Customs Duty, TDS, GST, PF, PT.
• Weekly payment forecasting and cash flow planning.
• Import payment processing (A1 & A2 forms).
• Resolution of banking queries and payment discrepancies.

3. Audit & Compliance

• Preparation of Statutory Audit Schedules and RLP.
• Timely resolution of audit queries.
• Ensure compliance with SOX and ICFR requirements.
• Maintain accurate documentation for internal and external audits.

4. Reconciliation & Reporting

• Review and reconcile supplier accounts and inter-unit transactions.
• Monitor AP aging and implement controls to reduce overdue items (>60 days).
• Prepare monthly closing reports and provisions for FX & Customs Duty.
• MSME compliance:
• MSME Return data preparation.
• MSME Interest calculation and reporting.
• Duplicate payment analysis and reporting.

5. Compliance Management

• Ensure adherence to financial policies and statutory compliance for GST, TDS, Customs Duty.
• Maintain accurate records for regulatory filings and audits.
• TDS & TCS Return and Rationalization.

6. MIS & KPI Reporting

• Prepare and analyze AP KPIs for management review.
• Develop MIS presentations and dashboards.
• Weekly AP forecast vs actual variance analysis across all India entities.

7. Skills & Technology

• Strong accounting and analytical skills.
• Advanced proficiency in Excel (Pivot, VLOOKUP, Macros preferred).
• Working knowledge of Power BI, AI tools, Power Query for automation and reporting.

8. Coordination & Communication

• Collaborate with plant teams, auditors, banks, and internal stakeholders.
• Excellent communication skills and ability to manage multiple priorities.

9. Leadership & Automation

• Drive team performance and foster a collaborative work environment.
• Identify and implement automation opportunities in AP processes.

Compliance & Governance Focus

• Ensure strict adherence to Company Policies, SOX Controls, and ICFR Framework.
• Maintain confidentiality and integrity of financial data.
• Support internal audits and risk assessments proactively.