Accounts Payable Specialist

About Vedantu

Vedantu is a leading EdTech platform dedicated to making quality education accessible and engaging for learners everywhere. We are seeking a detail-oriented and proactive Accounts Payable Lead to join our Finance team. This role will be responsible for managing AR operations, ensuring accurate financial records, driving process efficiencies, and supporting audit requirements.

Position: Accounts Payable Lead / Manager

Department: Finance & Accounts

Location: Bangalore

Experience: 28 Years

Employment Type: Full-time

Detailed Roles & Responsibilities

Invoice Processing & Validation

• Verify invoices with PO, GRN, contracts, and approvals.
• Validate vendor details, tax applicability (GST/TDS), rates, and accuracy.

Process PO-based, non-PO, service, and recurring invoices as per SOP.

Vendor Payments

• Prepare and schedule payments based on due dates and agreed terms.
• Review payment proposals (ERP payment runs) before execution.
• Coordinate with banks for NEFT, RTGS, ACH, or SWIFT remittances.

Vendor Reconciliation & Query Handling

• Perform periodic vendor ledger reconciliations.
• Resolve discrepancies, debits, credits, and pending recon items.

Respond to vendor calls, emails, and payment escalations promptly.

Compliance & Taxation

• Ensure accurate TDS deduction and support timely filing of returns.
• Validate GST-compliant invoices and ensure correct recording.
• Maintain documentation for statutory audits, tax audits, and internal audits.

Reporting & Controls

• Prepare AP ageing reports, outstanding summaries, and payment forecasts.
• Ensure effective internal controls to prevent duplicate payments.
• Maintain accurate vendor master data and adhere to approval workflows.

Team Leadership

• Supervise AP executives and analysts.
• Conduct training sessions and performance evaluations.
• Monitor daily operations and ensure adherence to SLAs.