02 Sep
|
Biological E
|
Hyderabad
02 Sep
Biological E
Hyderabad
Job Title : F&A; - Lead Accounts Payable
Job Location : Azamabad, Near RTC Cross Roads, Hyderabad
Role Overview:
The Accounts Payable Leader will be responsible for overseeing and managing the company's payables function, ensuring timely and accurate processing of vendor invoices, adherence to statutory compliances, and maintenance of strong vendor relationships. This role will drive process efficiency, compliance, and internal controls while supporting the overall working capital management of the organization.
Key Responsibilities
1. Accounts Payable Operations
- Lead and supervise the end-to-end Accounts Payable (AP) process for raw materials, consumables, services, and capital purchases.
- Ensure timely processing, validation, and posting of vendor invoices in line with company policies and approvals.
- Monitor payment cycles and ensure timely disbursement of vendor payments as per agreed terms.
- Resolution of discrepancies with Procurement and Stores and other departments as required.
2. Compliance & Controls
- Ensure compliance with Indian statutory requirements including GST, TDS, PF/ESI (if applicable to contract labor), and other relevant laws.
- Maintain proper documentation for audits (statutory, internal, tax, GST).
- Implement and monitor internal financial controls, Delegation of Authority (DOA), and SOPs related to payables.
3. Vendor Management
- Build and maintain robust vendor relationships to ensure smooth operations.
- Review payment terms and co-ordinate with SCM to maximise the savings.
- Resolve vendor queries and disputes regarding payments, deductions, or rejections.
- Periodically review vendor reconciliations and ageing reports.
4. Reporting & Analysis
- Prepare and present periodic AP reports like, ageing analysis, Open GRs, Open vendor advances, average credit period, payments analysis, advance analysis, Deviations from budgeted procurement etc.
- Highlight overdue and disputed cases to management.
- Track and report savings from
📌 Lead Accounts Payable Operations (Hyderabad)
🏢 Biological E
📍 Hyderabad