Role Purpose: The Senior Associate - Finance 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.
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 related to AP and bill discounting
- Assist in preparation of schedules and confirmations for audits (internal, statutory, and tax)
- Ensure adherence to internal controls, approval matrix, and company policies
- Coordinate with procurement, treasury, and business teams for invoice and discounting-related matters
- Support process improvements and automation initiatives within Accounts Payable
Requirements
- CA / CMA (Qualified)
- 1-4 years of relevant experience in Accounts Payable / Finance Operations
- Exposure to bill discounting / supply-chain financing / working capital management preferred
- Experience with ERP systems (SAP / Oracle / similar.
- Solid understanding of Accounts Payable processes and accounting principles
- Working knowledge of GST, TDS, and statutory compliance
- Basic understanding of bill discounting mechanisms and interest accounting
- Strong reconciliation and analytical skills
- Attention to detail and accuracy
- Ability to manage multiple deadlines
- Proficiency in MS Excel and financial systems
- Effective communication and stakeholder coordination skills
Disclaimer: This job posting and location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
📌 Sr Associate, Finance (Madurai)
🏢 Madura Coats
📍 Madurai
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