Job Title: Senior Executive – Accounts Payable
Department: Finance & Accounts
Reporting To: Accounts Manager / Finance Manager
Experience: 3-5 Years
Qualification: B.Com / M.Com / MBA (Finance) / CA Inter (Preferred)
Location: PALLIKARANAI
Interested candidate shall contact HR Dept whatsapp 63/84/00/93/50 ; shall forward their profile to hrcareer at sgbpl dot in
Job Summary
The Senior Executive – Accounts Payable is responsible for managing the organization's accounts payable function, ensuring timely and accurate processing of vendor invoices, payments, statutory compliance, account reconciliations, and maintaining strong vendor relationships. The role requires adherence to company policies, financial controls, and accounting standards.
Key ResponsibilitiesAccounts Payable Management
- Process vendor invoices accurately and within defined timelines.
- Verify invoices against Purchase Orders (PO), Goods Receipt Notes (GRN), and approved agreements.
- Ensure proper approval workflows before processing payments.
- Prepare payment schedules for NEFT, RTGS, IMPS, and cheque payments.
- Monitor vendor ageing reports and ensure timely settlement of outstanding dues.
- Resolve invoice discrepancies by coordinating with procurement, stores, and vendors.
Vendor Management
- Maintain vendor master data accurately.
- Reconcile vendor statements regularly.
- Address vendor queries related to payments and outstanding balances.
- Build and maintain healthy vendor relationships.
Accounting & Reconciliation
- Post purchase invoices and payment entries in the ERP system.
- Perform monthly vendor ledger reconciliations.
- Reconcile advance payments and supplier deposits.
- Ensure proper accounting of debit notes, credit notes, and purchase returns.
Compliance
- Verify GST compliance on purchase invoices.
- Ensure accurate deduction and payment of TDS wherever applicable.
- Maintain supporting documents for statutory and internal audits.
- Comply with company financial policies and accounting standards.
MIS & Reporting
- Prepare weekly and monthly Accounts Payable reports.
- Generate ageing analysis of creditors.
- Assist in monthly and year-end closing activities.
- Provide payment forecasts and cash flow requirements to management.
Internal Controls
- Ensure adherence to internal financial controls.
- Maintain proper documentation for all transactions.
- Support internal, statutory, and tax audits.
- Identify opportunities to improve AP processes and controls.
Required Skills
- Strong knowledge of Accounts Payable processes.
- Good understanding of GST, TDS, and accounting principles.
- Experience in ERP systems (SAP, Oracle, Microsoft Dynamics NAV/Business Central, Tally, etc.).
- Proficiency in Microsoft Excel (Pivot Tables, VLOOKUP/XLOOKUP, formulas).
- Strong analytical and reconciliation skills.
- Excellent communication and vendor management abilities.
- Attention to detail and ability to meet deadlines.
- Team coordination and problem-solving skills.
Preferred Industry Experience
- Food Manufacturing
- FMCG
- Restaurant Chains
- Sweets & Savouries Manufacturing & Retail
- Hospitality
- Retail
Key Performance Indicators (KPIs)
- Vendor invoices processed within SLA.
- Payment accuracy and timeliness.
- Vendor reconciliation completion rate.
- Reduction in overdue payments.
- Compliance with GST and TDS regulations.
- Accuracy of AP records and reporting.
- Audit observations related to Accounts Payable.
- Vendor satisfaction and query resolution turnaround time.
Educational Qualification
- Bachelor's Degree in Commerce (B.Com)
- M.Com / MBA (Finance) preferred
- CA Inter (Preferred)
Experience
- 3–5 years of experience in Accounts Payable.
- Experience in food manufacturing, FMCG, retail, or hospitality industries is preferred.
- Hands-on experience with ERP systems and statutory compliance.
Pay: ₹20,000.00 - ₹25,000.00 per month
Benefits:
Work Location: In person
