Accounts Payable (AP) Manager Finance & Accounts

Location: Worli, Mumbai

Experience: 8–9 years

CTC: As per industry standards

Role Summary

Lead the end-to-end purchase-to-pay and accounts payable function for the corporate office and all salons. Ensure accurate and timely book closure, strong payable controls, and disciplined cash flow and working capital management in coordination with bankers.

Key Responsibilities

1. Book closure: Own the AP side of month-end, quarter-end and year-end closing, including accruals, provisions, prepaid expenses, cut-off checks, vendor and ledger reconciliations, and timely submission of closing schedules.
2. AP review and controls: Review invoice booking, PO/GRN matching, advances, debit and credit notes, vendor ledgers and ageing across the corporate office and all salons. Review the team’s work, resolve exceptions and ensure every payment is approved as per the authority matrix.
3. P2P process improvement: Design, document and improve the purchase-to-pay process, covering vendor onboarding (KYC, PAN, GST, MSME status and bank verification), invoice intake, approval workflows, payment cycles, SOPs and internal controls. Drive automation improvements.
4. Banking coordination: Liaise with banks and lenders on payment arrangements, working capital limits, lender reporting, MIS.
5. Cash flow and working capital: Prepare weekly and monthly cash flow forecasts, plan and prioritise vendor payments within available cash,



monitor creditor days and work with Procurement to improve vendor credit terms.
6. Vendor management: Manage reconciliations and relationships with key vendors, including salon product suppliers, landlords, service providers, marketing agencies and capex vendors for recent salons. Resolve queries and disputes.
7. Statutory compliance: Oversee TDS deduction and deposit on rent, contractor, professional and commission payments; GST input tax credit reconciliation with GSTR-2B; MSME payment-timeline compliance; and royalty and foreign remittance documentation (Form 15CA/15CB), where applicable.
8. MIS, audits and team leadership: Prepare creditor ageing, payables-versus-cash position, DPO, operating expense budget-versus-actual and payment forecast reports. Support statutory, internal and tax audits; lead, train and review the AP team; coordinate with Procurement, Operations and regional managers.

Skills & Competencies

- Strong knowledge of accounts payable, vendor accounting and the purchase-to-pay cycle.
- Working knowledge of GST, TDS and Indian accounting standards.
- Experience with Tally Prime, advanced Excel skills.
- Experience with cash flow forecasting and working capital management; exposure to banks and lenders.
- Strong team, stakeholder and vendor management skills; analytical, detail-oriented and deadline-driven.

Qualifications

- B.Com, M.Com or MBA in Finance; CA Inter or CMA Inter is an advantage.
- 8–9 years of experience in accounts payable or finance operations, including team handling.

📌 Accounts Payable Manager (Mumbai)
🏢 Agrya Consulting
📍 Mumbai