Hero MotoCorp is seeking a highly skilled and analytical Associate Manager for Accounts Payable to join our Finance team at our Tirupati Plant. You will be responsible for ensuring the timely payment of vendor invoices, maintaining highly accurate financial records, and overseeing critical control reports. In this role, you will ensure that all P2P systems, policies, and internal control checks strictly adhere to company guidelines and statutory regulations, while also leading creative automation projects, optimization initiatives, and continuous development for your team.
Key Areas of Responsibility
1. Invoice Processing & Timely Payments
Ensure that all invoices are approved as per DOA and have a valid PO/agreement.
Process invoices with 100% accuracy regarding amount, GL account, ITC treatment, and TDS.
Share payment projections within deadlines and run payment proposals on a timely basis.
Review, post, and monitor monthly price increases and decreases.
Ensure monthly provisions are taken for amendments where invoices have not yet been received.
Review and approve SRPs on the SRP portal, ensuring 100% compliance with DOA.
Handle price amendment payments and upload relevant workings onto the vendor portal in a timely manner.
2. Monitoring, Internal Controls & Compliance
Ensure payments are made within the timelines defined for MSME vendors as per the MSME Act.
Closely monitor adherence to existing SOPs and update them as processes change.
Put non-compliant payments on hold (e.g., GST returns default) and monitor them before every payment cycle.
Ensure vendor payments are settled within 180 days from the invoice date and ensure RCM invoices are accounted for within GST Act timelines.
Process working capital advances according to company policy and adjust subsequent monthly installments from vendor accounts.
Maximize Input Tax Credit (ITC) benefits by efficiently processing vendor invoices.
Deduct debit amounts (on account of Rejection, Warranty, OSP Tax debit,