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)