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Job Description
Executive - Accounts PayableTo manage and execute import-related payments for vendors and employees accurately and within defined timelines, ensuring compliance with company policies, banking requirements, tax regulations and internal controls.
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Process and manage import payments to overseas vendors through SAP S/4HANA and banking platforms.
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Handle payments related to imports of goods, services, freight, customs duties and other import-related expenses.
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Verify invoices, purchase orders, supporting documents, bank details and payment instructions before processing payments.
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Coordinate with Procurement, Logistics, Tax, Treasury, Customs and other stakeholders for timely resolution of payment-related issues.
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Process employee-related payments/reimbursements connected with import and business activities, wherever applicable.
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Ensure appropriate accounting entries, tax deductions and documentation are completed before payment processing.
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Monitor payment due dates and ensure timely settlement of overseas vendor obligations.
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Coordinate with banks for payment processing, payment confirmations, amendments, rejection handling and other transaction-related queries.
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Perform reconciliation of vendor accounts, bank transactions and outstanding payment items.
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Maintain proper documentation and audit trail for all import payment transactions.
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Support internal and statutory audits by providing required payment records and supporting documents.
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Ensure compliance with applicable FEMA, RBI, GST, TDS and other regulatory requirements related to import payments.
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Identify process gaps and support automation and process improvements in import payment activities.
