4 days left

Employer Coats

Location Madurai

Posted Sep 25, 2026

Closes Oct 06, 2026

Ref 5895065993

Role Accountant / Management Accountant

Level Associate, Staff, Senior

Certification CMA: Preferred

Work Mode Work from office

Hours Full Time

Organization Type Corporate

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Job Description

Senior Associate - Finance

Location: Madurai

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.

Trusted by the world's leading companies to deliver crucial, innovative, and sustainable solutions, we provide value-adding products including apparel, footwear and speciality threads.

With a proud heritage dating back more than 250 years and a spirit of evolution to constantly stay ahead of changing market needs, we have operations across 50 countries with a workforce of over 17,000, serving our customers worldwide.

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.

What You Will Do (Key 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

Who You Are (Requirements)

CA / CMA (Qualified)
1 to 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).
Strong 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

At Coats Group, we are committed to innovation, excellence, and fostering a diverse and collaborative environment where every team member can thrive. If you are passionate about making an impact in the textile industry and eager to join a global leader with a rich heritage and a forward-thinking approach, we invite you to take the next step in your career with us.

Coats is an equal opportunity employer and is committed to ensuring employment practices that promote diversity across its workforce.

We are dedicated to creating a workplace that values and respects the unique perspectives, experiences, skills, and backgrounds of all employees.

We encourage talented individuals from all walks of life to join us in shaping an inclusive and forward-thinking organisation.

Apply now to be part of our dynamic team and help shape the future of textiles.

Profile Description

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.

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