Responsible for timely and efficient accounting and payment processing to facilitate timely payments to vendors / channel partners / service partners etc. in line with the applicable statutory / regulatory requirements and internal guidelines at the regional office
Responsibilities
- Responsible for execution of accounts payable activities in adherence to defined accounting guidelines, practices and standard operating procedures to ensure accounting efficiency at regions
- Actively raise vendor codes for the processing of payments as per the terms of contract and guidelines from HO, also ensure payment processing only on verification of compliance with vendor codes
- Execution of bill processing and detailed verification of vendor invoices generated for the services availed and ensure rectification of the invoice for defective invoicing and follow up with the buyer on a periodic basis for the corrected invoice within prescribed time limits
- Responsible for payment processing on verification of the bills / invoices / vouchers etc. after determining relevant tax liability and statutory deductions
- Review the credit period of vendors on a regular basis and process transactions as per the applicable credit period after due validation from the HO team
- Responsible for timely processing of cash payments in coordination with HO teams
- Execute bank reconciliation and account for bank charges on a daily basis
- Check whether the payment is executed / rejected by the bank and find out the reason for rejection of payment, if any
- Support octroi reconciliation activities and ensure all octroi and statutory payments are made within defined timelines for the region
- Prepare and submit MIS as required by the superior / HO Team
- Key Result Areas and Key Performance Indicators
S. No
Key Result Areas
Key Performance Indicators
Ensure efficiency and timely verification of vendor payments
- % accurate invoice verification at region
- % timely processing of payments to vendors
Efficiency in accounts payable operations
- % accurate data entry of accounts payable transactions at region
- % timely filing and recording of vendor invoice along with the tax invoice
Processing of all COD, FOD, DOD etc. payments
- % timely completion and accuracy of all payments related to COD, FOD, DOD and related transactions at region
Maintenance of documentation and record keeping
- Number of deviations observed in documentation requirements
