Job Summary
The Accounts Payable & Accounts Receivable Manager is responsible for overseeing end-to-end AP and AR functions, ensuring accurate financial transactions, timely payments, efficient collections, and compliance with company policies and accounting standards. The role requires strong leadership, process optimization capability, and stakeholder management.
Key Responsibilities
Accounts Payable (AP) Management
Oversee the full AP cycle including invoice processing, verification, approvals, and vendor payments.
Ensure accurate and timely disbursement of payments (invoices, expense reports, credit cards).
Manage vendor relationships and resolve discrepancies or payment issues.
Monitor aging reports and maintain healthy payable cycles.
Ensure compliance with internal controls, policies, and statutory regulations (GST, TDS, etc.).
Optimize AP processes through automation and efficiency improvements.
Accounts Receivable (AR) Management
Oversee invoicing, billing accuracy, and timely issuance of customer invoices.
Manage collections, follow-ups, and dispute resolution with customers.
Monitor AR aging and ensure reduction in overdue receivables.
Develop and implement credit control policies.
Reconcile customer accounts and investigate discrepancies.
Drive cash flow improvements by strengthening collection processes.
Financial & Reporting Responsibilities
Prepare and review AP & AR reports, including aging analysis and cash flow projections.
Support month-end and year-end closing processes.
Ensure proper accounting entries and reconciliations in ERP systems.
Provide insights and recommendations to improve working capital efficiency.
Support internal and external audits related to AP and AR.
Process Improvement & Compliance
Identify and implement automation opportunities in AP/AR processes.
Strengthen internal controls and ensure audit readiness.
Maintain SOPs for AP and AR operations.
Ensure adherence to accounting standards and company policies.
Team Management
Lead, mentor, and manage AP and AR teams.
Set KPIs and monitor team performance.
Conduct training and development initiatives.
Foster a collaborative and high-performance work environment.
Required Qualifications
Bachelor’s degree in commerce, master’s in commerce /MBA Finance preferred).
8–12 years of experience in AP/AR and overall accounting functions.
Proven experience in managing teams.
Key Skills & Competencies
Strong knowledge of accounting principles and financial processes.
Proficiency in ERP systems (PeopleSoft, SAP, Oracle, etc.) and MS Excel. (PeopleSoft preferred)
Strong analytical and problem-solving skills.
Excellent communication and stakeholder management.
Attention to detail and high level of accuracy.
Ability to handle high transaction volumes and meet deadlines.
Preferred Skills
Experience in shared services or global delivery environments.
Exposure to process automation tools (RPA, workflow tools).
Key Performance Indicators (KPIs)
AP processing accuracy and cycle time
Reduction in overdue receivables (DSO)
Vendor/customer satisfaction levels
Compliance and audit scores
Process efficiency improvements
