Senior Account Manager

Role Overview:

The Purchases Accounting Lead will be responsible for managing and overseeing all accounting activities related to procurement, vendor billing, credit notes, compliance, and month-end closing. The role requires strong knowledge of inventory procurement accounting, GST, TDS, and vendor reconciliations to ensure accuracy, compliance, and timely financial reporting.

• Key Responsibilities:
• 1. Procurement Accounting & Invoice Processing
• Oversee and manage the booking of all inventory procurement invoices in a timely and accurate manner.
• Validate purchase orders, GRNs, invoice values, taxes, and other supporting documents before posting.
• Ensure proper accounting of credit notes, purchase returns, rate differences, and other adjustments.
• Coordinate with procurement and stores teams to resolve discrepancies in quantities, rates, or tax details.
• 2. Payment Processing & Vendor Management
• Prepare and review payment proposals based on due dates, contract terms, and vendor commitments.
• Ensure timely processing of vendor payments after proper approvals.
• Handle vendor account reconciliations, including matching of invoices, debit/credit notes, and payments.
• Maintain strong relationships with vendors and resolve queries related to billing and payments.
• 3. GST & TDS Compliance
• Ensure correct GST treatment on procurement invoices-input tax credit (ITC), reverse charge mechanism (RCM), and HSN verification.
• Ensure accurate TDS deduction as per Income Tax rules and timely deposit of TDS.
• Support in monthly GST returns by providing invoice-level data and reconciliation support.
• Review compliance with statutory requirements related to procurement and vendor payments.
• 4. Month-End and Year-End Closing
• Ensure timely closing of purchase accounts at month-end.
• Reconcile accounts, advances, and vendor balances.
• Prepare monthly schedules such as purchase summary, vendor ageing, goods-in-transit, and consumption impact.
• Support internal and statutory audits with required schedules and documentation.
• 5. Controls, Documentation & Process Improvements
• Ensure adherence to internal financial controls and approval workflows.
• Maintain proper documentation for audit readiness.
• Identify process gaps and drive improvements in procurement accounting processes and system utilization.
• Preferred candidate profile 
• Key Skills Required:
• Strong knowledge of procurement accounting, GST, TDS, and vendor reconciliation.
• Hands-on experience with ERP systems (SAP / Tally).
• Good analytical, communication, and coordination skills.
• High accuracy and attention to detail.
• Contact
• Meenal Kasliwal
• HR-Dept
• Mob(8875029935)