Accounts Payable Lead

Position Objectives

To appoint a dynamic and results-oriented leader to lead the Accounts Payable department, with the goal of strengthening the organizations account payable / tax operation processes, Management reporting and cash flow management. The position is responsible to build and operate payable and tax operations processes with strong internal controls, enhancing cash utilisation efficiency, reducing financial risk, and fostering cross-functional collaboration to support sustainable business growth.

Ensuring Compliance of Income Tax Act, 1961 and GST Act, 2017 etc.

Indicative Responsibilities

• Ensure accuracy and timeliness in accounts payable / provision, reconciliations, and payouts.
• Automate and streamline AP / Tax processes using relevant tools
• Collaborate with finance and other teams to meet the objective of the Company
• Coordinate with auditors and external consultants during financial reviews
• Maintain compliance with accounting standards, and internal control
• Lead, mentor, and evaluate AP staff performance
• Ensure Income Tax and GST Compliance
• Cash Management to ensure money is invested to earn maximum return
• Prepare aging reports & other reports required by management.

Reports To

• Finance Controller

Coverage / Sub functions

• Operations (AP and Tax)
• Automation

Key Skills & Competencies

• Attention to detail leading to accuracy & reliability of MIS, strong in compliance of Statue (Income Tax and GST)
• Analytical, problem solving and interpersonal skills required to resolve disputes
• Strong process & system orientation required to minimize manual intervention for efficient record keeping invoicing & reporting
• Communication skills
• Time management & prioritization
• Collaboration skills for effective working relationships with other supplier (technology) or client (commercial org) functions

Key Behavioural Traits

A founding member at BSIF:

• Understand that Integrity, open & honest demeanour (transparency) & fair conduct is non-negotiable.
• Learns on the job, evolves with the role & navigates uncertainty with perpetual optimism
• Holds the team above self; gets along & finds common ground in the best interest of all our stakeholders
• Is frugal and uses scarce resources wisely
• Has an owners mindset
• Is self-motivated / passionate, self-disciplined, has a continuous improvement mindset, doesnt need to be told what to do & never says thats not my job
• Owns the task in entirety (even if involves other functional areas), has an eye for detail & an ability to incorporate all points of view and take matters to closure
• Is of service to her/his teams who chose to work with them (applicable for managers)

Qualifications

MBA in Finance/ M COM with minimum 10+ years of experience primarily in AP/ Tax function

Location

Mumbai (work from office)

About Bima Sugam:

Pursuant to the Insurance Regulatory and Development Authority of India (Bima Sugam - Insurance Electronic Marketplace) Regulations, 2024 dated 20 March 2024, Bima Sugam India Federation(BSIF) has been established as a not for profit company formed under section 8 of the Companies Act, 2013. The main objective of the Company is to establish, facilitate, develop, operate and maintain the Insurance Electronic Marketplace as a robust Digital Public Infrastructure with open standards and interoperable platforms, enabling seamless integration with various services to facilitate inter purchase, sale, servicing of insurance policies, settlement of insurance claims, grievance redressal and other related matters as permitted under the objects of the company. The platform is aimed at digitizing insurance in India and potentially becoming the first of its kind globally. This is an insurance industry led initiative and the shareholding of the Company shall be widely held amongst Life Insurers, General Insurers and Health Insurers with no single entity having controlling stake.

BSIF is committed to building a people-first workplace, focussed on organizations performance & on people outcomes. We are in the process of building our founding team, a team bound by a sense of mission and inspired by BSIFs social objective. We seek to attract the best talent from various industry domains (including but not limited to Insurance & Financial Services, Tech Led New Age Economy Companies, FMCG companies etc.) to live their potential as well as to contribute to a noble cause.