Job Description
Title: Assistant Manager – Accounts Payable & Automation

Location:
Mumbai Work arrangement: 5 days in the office About Upstox At Upstox, we’re building the future of investing — simple, powerful, and for everyone. We’re one of India’s fastest-growing fintech platforms, backed by the best in the business, including Mr. Ratan Tata and Tiger Global, and on a mission to make wealth creation accessible to every Indian. From first-time investors to seasoned traders, millions trust us to power their financial journeys. We’re not just moving fast — we’re moving with purpose. If you thrive in a high-energy, high-impact setting, you’re in the right place. The Role: Assistant Manager – Accounts Payable & Automation We’re looking for someone to own Accounts Payable end to end and make it faster, more accurate, and largely automated. You’ll run day-to-day AP on SAP, keep vendors paid correctly and on time, and lead the automation of invoice intake, tracking, reconciliation, and payments. Reporting to the Head of Finance / Financial Controller, you’ll be the person who turns a manual process into a well-oiled, controlled machine. What You’ll Own
• Own the full procure-to-pay cycle on SAP, from invoice receipt, 3-way matching, and booking to payment runs, and drive month-end, quarter-end, and year-end AP closing.
• Build and run invoice tracking and AP dashboards covering ageing, outstanding payables, payment run status, and exceptions, and escalate bottlenecks before they become problems.
• Manage domestic and foreign vendor payments with tight maker-checker controls, including FEMA/RBI compliance, Form 15CA/15CB, Section 195 and DTAA withholding, equalisation levy, and reverse charge GST.
• Ensure TDS and GST compliance across vendor payments (deductions, deposits, returns, 26AS/AIS and GSTR-2A/2B reconciliations), own daily and monthly bank reconciliations,



and support statutory, internal, and tax audits.
• Lead AP automation from requirement to go-live, partnering with Tech, Product, and IT on SAP integrations, OCR invoice capture, RPA bots, and workflow tools, while documenting SOPs and keeping controls strong. What We’re Looking For
• 3–7 years of experience in Accounts Payable / finance operations, ideally running AP at scale with high invoice volumes; experience in financial services, broking, fintech, or another high-volume business is a plus.
• Working knowledge of SAP FI (with MM integration for P2P), covering vendor master, invoice posting, payment runs, and reporting.
• Sound knowledge of TDS and GST as they apply to vendor payments, plus hands-on experience with foreign remittances, Form 15CA/15CB, Section 195, and DTAA.
• Must have: working proficiency in Python and SQL, with real examples of scripts or queries used to automate finance tasks, and a track record of leading at least one AP or finance automation project end to end.
• Familiarity with RPA (UiPath, Automation Anywhere, or Power Automate), OCR/invoice capture, and workflow tools, along with advanced Excel; exposure to Power BI or Tableau is a bonus.
• CMA / MBA (Finance), or B.
Tech / B.
E. with strong AP and Indian tax compliance experience; a process-minded, controls-first approach and the ability to lead a team through closes and audits. Why This Role Rocks This isn’t a role for keeping the lights on; it’s for rebuilding how AP works at one of India’s fastest-growing fintechs. You’ll own the outcome, automate what’s broken, and see your impact on every vendor payment that goes out the door. By applying for this position, you acknowledge that you have reviewed our Prospective Employee Privacy Notice, which outlines how Upstox collects, uses, and protects your Personal Information (“PI”). I accept Upstox’s Prospective Employee Privacy Notice.

📌 Senior Specialist-Accounts Payable (Mumbai)
🏢 Upstox
📍 Mumbai