Job Purpose:
To Provide overall leadership to processes related to accounts payable process, ensuring accurate and timely processing of invoices and payments
Key Accountabilities:
Strategic Activities
- To Provide overall leadership to processes related to accounts payable process, ensuring accurate and timely processing of invoices and payments
- Build efficient systems and processes for accounts payable with a view of delivering value to both internal and external stakeholders
- Identify opportunities to streamline and improve the efficiency and accuracy of the accounts payable processes.
- Implement best practices and automation solutions to enhance productivity and reduce manual tasks
- Develop sufficient mitigating measures and controls to reduce any financial risk and exposure identified
Accounts Payable
- Direct and oversee the accounts payable, execution of monthly revenue close, ensuring accurate results are delivered on time for reporting in accordance with GAAP
- Implement and monitor internal controls in all accounts payable processes & manage ageing analysis and exception handling
- Leading teams that Review and understand customer contract terms and ensure proper accounting treatment of for the same
- Ensure adherence to all legal and regulatory compliances and provide all the necessary entries at the time of closure of books
- Lead the team responsible for accurate, complete, and timely billing & collections with closure of all related audit issues & support
- Support in development of payment processes and policies to ensure that internal controls are in place
- Drive the payments processing operations with necessary verification and authorization to ensure that all payments and bill/ claim settlements are done accurately and timely manner to avoid risks for the organization
Team Management
- Set the functional goals and objectives and ensure the cascading of the same to the reporting departments and guide their achievement
- Provide direction and advice to the direct reports in performing their delegated responsibilities
- Oversee the overall performance of direct reports and ensure KPI's are well communicated and monitored.
Experience and Qualification
- Experienced required 8 to 14 years
- Qualification required - CA qualified or MBA from tier 1 or 2 college.
