Senior Accountant

Job Title: Sr. Accountant Accounts Payable

Department: Finance & Accounts

Location: Indore, Near Airport

Job Summary

The Accountant Accounts Payable is responsible for managing the end-to-end accounts payable function, ensuring accurate and timely processing of vendor invoices, payments, and reconciliations. The role also involves preparing MIS reports related to payables, expenses, and cash flow to support financial planning and management decision-making in a manufacturing environment. The position requires strong attention to detail, compliance with internal controls, and effective coordination with internal stakeholders and external vendors.

Key Responsibilities

1. Accounts Payable Management

• Manage the complete accounts payable cycle including invoice verification, booking, and timely payment processing.
• Ensure proper matching of invoices with Purchase Orders (PO) and Goods Receipt Notes (GRN).
• Maintain vendor master data and resolve vendor queries related to invoices and payments.
• Ensure statutory deductions (TDS, GST) are applied accurately as per applicable laws.
• Track due dates and ensure timely payments to avoid penalties or supply disruptions.

2. Reconciliation & Compliance

• Perform regular vendor reconciliations and resolve discrepancies promptly.
• Assist in monthly, quarterly, and annual closing related to payables.
• Ensure compliance with internal financial controls, accounting standards, and audit requirements.
• Support internal and external audits by providing necessary documentation and explanations.

3. MIS & Reporting

• Prepare and maintain MIS reports related to accounts payable, expenses, ageing analysis, and cash flow.
• Provide periodic reports to management for decision-making and financial planning.
• Analyze trends in expenses and vendor payments to identify cost optimization opportunities.

4. Coordination & Support

• Coordinate with procurement, stores, and production teams for invoice validation and closure.
• Support finance team in ad-hoc reporting, budgeting, and process improvement initiatives.
• Assist in improving AP processes through automation and system enhancements.

Qualifications & Experience

• Education- M.Com / CA-Inter / CMA-Inter preferred.
• 7 + years of relevant experience in accounts payable, preferably in a manufacturing organization.
• Strong knowledge of GST, TDS, and accounting principles.

Skills & Competencies

• Proficiency in accounting software/ERP (Tally, SAP, Oracle, or similar).
• Strong Excel and MIS reporting skills.
• High level of accuracy and attention to detail.
• Good communication and vendor management skills.
• Ability to work under deadlines and manage multiple priorities.