DoubleEntry Solutions, a rapidly expanding finance and accounting outsourcing firm, is seeking a Manager – Accounts Payable based in Hyderabad (onsite position, no remote work).
• Oversee and ensure timely and accurate processing of vendor invoices, credit memos, and expense reports.
• Manage the payment cycle, including weekly/monthly payment runs, and ensure adherence to payment terms.
• Build and maintain strong vendor relationships, handle escalations, and resolve payment disputes.
• Ensure compliance with statutory regulations, internal controls, and company policies related to accounts payable.
• Conduct regular vendor reconciliations and manage clearing accounts to ensure accuracy of financial records.
• Conduct comprehensive reviews of GRIR Clearing Accounts and analyze & reconcile provisions and accruals to maintain accurate financial records and ensure timely adjustments.
• Oversee and validate prepaid expenses to ensure proper allocation and amortization over appropriate periods.
• Perform Open PO (Purchase Order) Reconciliations to verify pending commitments and resolve discrepancies promptly.
• Identify and implement process improvements and automation to enhance efficiency and reduce processing times.
• Generate and review accounts payable reports, including aging analysis, payment forecasts, and KPIs for management review.
• Coordinate with internal and external auditors, ensuring timely resolution of queries and availability of required documentation.
• Monitor and manage cash flows related to payables, optimize working capital, and negotiate favorable payment terms with vendors.
Qualifications and Skills:
• Semi-qualified CA with 5-6 years of experience in accounts payable, with at least 3 years in a managerial role.
• Strong knowledge of AP processes, GST, TDS, and other statutory compliance.
• Experience with SAP and AP automation tools.
• Prior experience in the power generation or energy sector is an advantage