Account Payable Executive

Company Overview

Skillmatics is a global leader in educational products, creating innovative games, arts & crafts activities, learning resources, and STEM toys that help children build essential skills through the joy of play. Since launching in 2017, Skillmatics has grown exponentially and established itself as one of the fastest-growing toys and learning brands worldwide. Our achievements include:

• Sold over 20 million units across 35+ countries.
• Achieved the #1 rank on Amazon USA across the entire Toys & Games category multiple times.
• Built a community of 500,000+ global customer reviews with an average rating of 4.6 stars.
• Available across 30,000+ retail stores globally, including Walmart, Target, Hamleys, and Smyths.
• Recognized as Startup of the Year by Shri Piyush Goyal and Global SMB of the Year by Amazon.
• Featured in the Financial Times Fastest Growing Companies in Asia list for five consecutive years (2022 - 2026) and in TIME's Fastest Growing Companies in India 2026.
• Backed by leading global investors including Sequoia Capital and Sofina, having raised $25 million in venture funding.
• Skillmatics operates with a unique competitive advantage through its family-owned packaging businesses, which are global leaders in the packaging industry with 12 manufacturing facilities across India and revenues exceeding $300 million.

Job Summary

We are looking for a detail-oriented and proactive Accounts Payable Executive to join our Finance team in Mumbai. The role is responsible for managing end-to-end accounts payable operations, ensuring accurate invoice processing, vendor accounting, compliance with Goods and Services Tax (GST) and Tax Deducted at Source (TDS) regulations, timely payments, and supporting period-end closures and audits.

Responsibilities

• Verification and accounting of purchase invoices against Purchase Orders (PO) and Goods Receipt Notes (GRN).
• Ensure accurate 3-way matching of PO, GRN, and vendor invoices wherever applicable.
• Maintain and update vendor master records with high accuracy.
• Track pending invoices and coordinate with internal stakeholders and vendors for timely closure.
• Book employee reimbursements and operational expenses with appropriate supporting documentation.
• Review expense claims for compliance with company policies.
• Process month-end expense accruals/provisions and subsequent reversals.
• Ensure proper allocation of expenses to relevant General Ledger (GL) codes and cost centers.
• Ensure accurate GST treatment and accounting on purchase and expense invoices.
• Process TDS deductions and maintain related accounting records.
• Support vendor payment processing in line with agreed payment terms.
• Perform vendor ledger reconciliations and resolve discrepancies.
• Support month-end and year-end financial closing activities.
• Assist in statutory audits and internal audits by providing schedules and supporting documentation.

Qualifications

• 2-5 years of experience in Accounts Payable, Vendor Accounting, or General Accounting.
• Strong understanding of invoice processing, expense accounting, reconciliations, GST, and TDS.
• Hands-on experience working with MS Dynamics 365 Finance & Operations, SAP, or other enterprise ERP platforms.
• Ability to manage high volumes of transactions while maintaining accuracy and strong financial controls.
• Advanced Excel skills including VLOOKUP/XLOOKUP, Pivot Tables, and reconciliation related analysis.
• Strong stakeholder management and follow-up skills while working with business teams and vendors.
• High attention to detail, ownership mindset, and ability to meet monthly closing timelines.
• Experience in a fast-paced, high-growth organization will be an added advantage.

Preferred Skills

• Knowledge of accounting software and financial reporting.
• Familiarity with additional tax regulations and compliance standards.

Experience

• 2-5 years of relevant experience in Accounts Payable or similar roles.

Environment

• This is a full-time position based in Mumbai, with 5 days of work from the office and alternate Saturdays working from home.

Salary

• Not specified.

Growth Opportunities

• Potential opportunities for advancement within the finance department as the company continues to grow.

Benefits

• Not specified.