Job Summary:
The Senior Accounts Executive - Accounts Payable is responsible for managing and overseeing the accounts payable function to ensure accurate and timely processing of invoices, payments to vendors, and reconciliation of accounts. This role plays a key part in maintaining strong internal controls, vendor relationships, and financial accuracy.
Key Responsibilities:
- Process high volume of vendor invoices in a timely and accurate manner.
- Verify and reconcile invoices against purchase orders and delivery receipts.
- Manage and review payment cycles including weekly, bi-weekly, and month-end runs.
- Ensure compliance with internal controls, tax regulations (GST/VAT/TDS), and company policies.
- Maintain up-to-date vendor master data, ensuring accuracy of payment terms, bank details, and contact information.
- Resolve discrepancies and disputes with vendors, ensuring timely communication and resolution.
- Coordinate with procurement, operations, and other departments to resolve invoice-related issues.
- Prepare and analyze accounts payable reports, aging reports, and accruals.
- Assist in monthly and year-end closing activities related to accounts payable.
- Support audits (internal and external) by providing required documentation and explanations.
- Identify and implement process improvements to increase efficiency and accuracy.
- Supervise or mentor junior AP staff (if applicable).
