Role & responsibilities

1. Payment Processing

- Prepare daily, weekly, and monthly payment Planning.
- Process vendor, employee reimbursement, statutory, and other payments through banking portals.
- Verify payment requests against approved invoices, purchase orders, and supporting documents.
- Ensure payments are made within approved credit terms and company policies.
- Upload payment files and initiate transactions in various bank portals.

2. Approval Coordination

- Liaise with Purchase, Stores, User Departments, and Management for payment approvals.
- Follow up with approvers to ensure timely release of payments.
- Resolve payment-related queries and discrepancies before processing.
- Maintain proper approval records and supporting documentation.

3. Banking Operations

- Handle multiple bank portals and online banking transactions.
- Monitor payment status and ensure successful completion of transactions.
- Coordinate with banks for transaction issues, banking limits, and operational matters.
- Manage beneficiary creation,



modification, and validation as per company procedures.

4. Reconciliation & Controls

- Reconcile bank statements with payment records.
- Verify payment entries posted in ERP/accounting software.
- Ensure that duplicate or unauthorized payments are avoided.
- Maintain payment registers and supporting records.

5. Vendor & Internal Coordination

- Respond to vendor payment inquiries.
- Coordinate with Purchase and Accounts Payable teams for invoice and payment status.
- Support month-end and year-end payment reconciliations.
- Assist in audit requirements related to payments and banking transactions.

6. Compliance

- Ensure compliance with company payment policies and approval matrix.
- Verify TDS, GST, and other statutory deductions before payment processing.
- Maintain confidentiality of banking credentials and payment information.

📌 Accounts Payable Executive (New Delhi)
🏢 Mittal Electronics
📍 New Delhi