Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the workplace.
Trusted by the world's leading companies to deliver crucial, innovative, and sustainable solutions, we provide value-adding products including apparel, footwear and speciality threads.
With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, we have operations across 50 countries with a workforce of over 17,000, serving our customers worldwide.
Role Purpose:
The AP Executive will manage end‑to‑end accounts payable operations, including vendor payments, statutory compliance, and monitoring of converter’s bill discounting arrangements, ensuring accuracy, timeliness,
and adherence to internal controls and accounting standards.
What you will do (Key Responsibilities):
- Process vendor invoices accurately and ensure timely posting in the ERP system
- Verify invoices against Purchase Orders, contracts, and supporting documents
- Ensure compliance with GST, TDS, and other statutory requirements
- Prepare and process vendor payments as per approved terms and schedules
- Monitor converter’s bill discounting transactions, including:
- Tracking discounted bills and outstanding liabilities
- Ensuring timely settlement with financial institutions
- Reconciling bill discounting balances with vendors and lenders
- Accounting and interest cost recognition related to bill discounting
- Perform vendor and bill discounting reconciliations and resolve discrepancies
- Monitor ageing of payables and discounted bills, ensuring no overdue exposures
- Support month‑end and year‑end close activities
📌 Senior Associate (India)
🏢 Coats Group
📍 India
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