• Timely monitoring of invoice posting by teammates.
• Preparation of departmental budget requirements
• Coordinating with other departments and conducting meetings for timely resolution of queries and getting the financial data required whenever required on time.
ØDaily duties and responsibilities
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• Approving the Invoices verified by AP team on daily basis and ensure the invoices are processed on time without any escalations from plant functions.
• Understand the agreements and ensure the payments are processed accurately without any deviation.
• Leading the AP team for Vendor reconciliations by segregations of duties and ensure completion of reconciliation on time and time resolution of reconciliation differences.
• Sharing audit information both for internal audit and statutory audit and resolving the audit observation on time.
• Preparation of month end MIS reports for management approval with detailed analysis of aged items and action plan for resolving the old aged items.
• Preparation of MSME reports ensure 100% payment for MSME vendors within due date.
• Coordinate with other departments for month end provision requirements and posting of provisions for on time closure of books of accounts under tight schedules.
• Review of aged provisions and taking appropriate actions to book invoices on time.
• Introducing new processes and automations in Accounts payable team on regular basis in-order to maintain accuracy and efficiency.
• Better understanding of custom transaction of import and export clearance processes from AP perspective.
• Working knowledge on RODTEP and Duty Drawback requirements.
• Working knowledge on fixed asset accounting and reconciliations.
• Good analytical skills and speed and accuracy in deliverables.
• Valuable communication skills and collaborative approach in taking the assigned tasks.
• Working SAP knowledge in automobile sector is added advantage