Bank Payments Head

PAKKA is looking for a Bank Payments Head who will lead and manage vendor payments, banking operations, TDS compliance, reconciliations, cash management, and audit support, ensuring timely and accurate transactions with strong financial controls, statutory compliance, and process discipline.

Key Responsibilities:

1. Vendor Payments & Banking

• Review and process vendor payments against approved requests, supporting documents, and due dates.
  
• Manage payment processing through authorized banking portals with robust maker-checker controls.
  
• Verify beneficiary details, payment amounts, approvals, and supporting documentation.
  
• Monitor payment status and resolve failed, delayed, or rejected transactions.
  

2. Payment Controls & Reconciliation

• Reconcile payment advice with bank statements and SAP entries.
  
• Identify and resolve duplicate, excess, failed, or unidentified transactions.
  
• Maintain exception trackers and ensure timely closure of discrepancies.
  
• Ensure strong controls to prevent unauthorized or duplicate payments.
  

3. TDS Compliance

• Ensure accurate application of TDS sections, rates, thresholds, PAN requirements, and tax codes.
  
• Reconcile TDS deductions with SAP, GL, and challans.
  
• Ensure timely deduction, deposit, return filing, and issuance of Form 16A.
  
• Manage TDS-related discrepancies, defaults, notices, and documentation.
  

4. Vendor Master & SAP Controls

• Manage creation and modification of vendor masters in SAP as per approved processes.
  
• Verify vendor KYC, bank details, tax information, and approvals.
  
• Ensure maker-checker controls and accuracy of withholding tax codes and account mapping.
  
• Maintain clean, accurate, and updated vendor master data.
  

5. Reconciliation & Cash Management

• Reconcile vendor ledgers, bank/CC accounts, staff advances, and related records.
  
• Investigate and close long-outstanding, debit balance, duplicate, and unidentified items.
  
• Ensure proper authorization and documentation for cash transactions.
  
• Maintain accurate SAP and supporting records for all cash activities.
  

6. Audit & Compliance

• Ensure audit-ready documentation for internal, statutory, and tax audits.
  
• Coordinate with auditors and internal stakeholders for information, reconciliations, and supporting documents.
  
• Track audit observations and drive timely closure and preventive actions.
  

7. Stakeholder Management

• Coordinate with vendors, banks, internal teams, and auditors to ensure smooth payment operations.
  
• Resolve payment, TDS, and documentation-related queries within defined timelines.
  
• Maintain confidentiality of financial and vendor information.
  

8. Process Improvement

• Identify opportunities to improve payment efficiency, controls, reconciliation, and compliance.
  
• Leverage SAP/ERP and automation to reduce manual effort and strengthen process accuracy.
  
• Ensure adherence to organizational financial policies and internal controls.
  

Required Skills & Competencies:

• Strong knowledge of vendor payments, banking operations, TDS, and reconciliations.
  
• Hands-on experience with SAP/ERP and banking portals.
  
• Strong understanding of financial controls and statutory compliance.
  
• High attention to detail, accuracy, and process discipline.
  
• Strong analytical, problem-solving, and stakeholder management skills.
  
• Ability to manage confidential financial information with integrity.
  

Qualification: B. Com/ M. Com/ CA Inter/ equivalent qualification. Professional qualification in Finance & Accounts will be an added advantage.

Experience:

• 3–5 years of relevant experience in Finance & Accounts, vendor payments, TDS, reconciliation, and audit coordination.
  
• Experience in a manufacturing or large-scale organization will be preferred.
  
• Hands-on SAP and banking portal experience preferred.