About this role:
1. Payables Management:
Drive over all business Payables & Vendor Management. Monitor AP cycles and ensure alignment with the
cashflow strategy. Work with merchandising and operations to align payment schedules/aging with
vendor terms and sell-through expectations.
In-depth analysis of the functioning of Payables & Receivables management tool/system/processes,
providing inputs for eliminating gaps/discrepancies in the tool and developing forward looking business
capabilities within the tool by closely working with the product development & cross functional teams.
Close coordination with cross functional teams to escalate deviation in pricing/margins agreed with the
vendors and maintain tight control over SLA breach by Vendors. Come up with innovative ways to
increase payment terms via vendor financing etc
Periodic scrutiny of expenses/Vendor ledger balances. Regular reconciliations of Invoices vs short
shipment quantities work closely with operations & buying team to ensure bookkeeping & payments are
accurately captured in the accounting system.
Processing & tracking Marketing, Packaging, all Utility, Warehouse labour/manpower, Staff
reimbursement, Admin, Office, Rental & other business payments per due dates and track any anomalies
or unusual spike in expenses month on month. Ensure timely response to inquiries from vendors and
drive Vendor satisfaction.
GST reconciliations between internal system vs vendor records uploaded on GST portal.
Close tracking and reconciliation of B2B & B2C sales (online & offline channels) with Internal system vs
Books of Accounts. Ensuring tight reconciliation between receivables due vs collections received. Improve
DSOs of the business.
2. Banking/Cashflow Operations & Reporting’s:
Lead the cashflow/working capital management addressing liquidity needs of the business. Head the
banking activities, negotiate with bankers, manage forex etc. Lead initiatives to improve working capital
by managing AP, AR and Inventory funding cycles.
Manage and come up with innovative ways to automate & digitize the entire payables management
process.
MIS reporting/analysis of business PL, Inventory, liquidation impact & Cashflows.
Monthly reporting of business payables & Fixed costs segregated into various sourcing models & cost
centres, tracking of DPOs and overall cash conversion cycle of the business.
Manage Import compliances - Reporting an end-to-end advance foreign remittance and settling the BOEs
against those advance remittances.
Requirements:
Qualified Fresher CA/Semi Qualified CA or MBA with 3-4 years of Industry/Domain experience.
3+ years of Industry experience in Finance Operations and Vendor Management would be preferred
specially with Ecommerce-Retail consumer business background.
Should have strong fundamentals in Financial Accounting/Reporting and hands on experience in
executing the defined processes & workflows within the function.
Excellent in number crunching, data analysis & Advanced excel etc. Should be multitasking.
Ability to work independently and with a team in a quick-paced and high-volume