The Accounts Payable Manager is responsible for leading the end-to-end accounts payable function, ensuring timely and accurate processing of invoices and payments. The role involves managing a team, ensuring compliance with internal controls and statutory requirements, and supporting the organization's cash flow and financial objectives.
Key Responsibilities
Accounts Payable Operations
- Oversee the end-to-end accounts payable process, including invoice verification, approvals, accounting entries, and vendor payments.
- Ensure timely processing of invoices and adherence to payment terms.
- Monitor and manage payment runs, including regular, ad-hoc, and advance payments.
- Review AP aging reports and take corrective actions to address overdue items.
Team Management
- Lead the Accounts Payable team.
- Establish performance goals and monitor team productivity.
- Conduct regular reviews and provide coaching to improve efficiency and accuracy.
Vendor Management
- Resolve escalated payment-related issues.
- Ensure timely reconciliation of vendor statements and closure of discrepancies.
- Support procurement and business teams in vendor onboarding and payment-related matters.
Financial Controls & Compliance
- Ensure compliance with company policies, accounting standards, GST, TDS, and other applicable regulations.
- Implement and maintain strong internal controls to prevent duplicate, fraudulent, or erroneous payments.
- Support internal and external audits by providing required documentation and explanations.
- Provide regular updates on payment status, cash flow requirements, and AP metrics.