Manager Accounts Payable & Bank Reconciliation

We are looking for a skilled professional to oversee the entire Accounts Payable function within our organization. This role is responsible for managing invoice verification, payment processing, vendor reconciliations, and ensuring timely settlement of approved liabilities. The successful candidate will be instrumental in maintaining accurate financial records, supporting working capital management, and ensuring compliance with company policies and regulatory standards.

Key Responsibilities

- Manage the complete Accounts Payable process, including verifying invoices against purchase orders, goods receipt notes (GRNs), contracts, and other supporting documents to ensure accuracy and adherence to company policies.
- Oversee payment processing and ensure timely settlement of vendor liabilities.
- Perform bank reconciliations for all company bank accounts, promptly identifying and resolving any discrepancies.
- Review bank statements and accurately record all receipts, payments, transfers, bank charges, and other transactions within the ERP system.
- Manage and reconcile schedules related to supplier and landlord advances, security deposits, and prepaid expenses, ensuring timely adjustments and precise accounting.
- Monitor vendor aging reports, outstanding liabilities, and payment commitments to support effective working capital management.
- Ensure timely completion of month-end and year-end closing activities, including AP accruals, provisions, reconciliations, and financial reporting.
- Maintain compliance with applicable tax regulations, payment policies, and internal financial controls.
- Prepare and review management reports such as AP aging and bank reconciliations, and coordinate with internal and external auditors during audits.
- Supervise the Accounts Payable and Bank Reconciliation teams, ensuring accuracy, efficiency, and timely completion of tasks.
- Actively participate in ERP implementation projects, including data migration, system configuration, User Acceptance Testing (UAT), and post-implementation support, collaborating closely with IT teams and external consultants to resolve system issues.
- Identify and recommend opportunities for process automation, operational efficiency improvements, and strengthening of financial controls.

Required Qualifications

- Proven experience managing Accounts Payable functions and bank reconciliations within a corporate environment.
- Strong knowledge of invoice processing, vendor management, and financial reporting.
- Familiarity with ERP systems and experience in ERP implementations or upgrades.
- Solid understanding of tax regulations, internal controls, and compliance requirements related to accounts payable.
- Excellent analytical, organizational, and communication skills.
- Ability to lead and supervise a team effectively, ensuring accuracy and timely completion of financial tasks.

Preferred Qualifications and Benefits

- Experience working with cross-functional teams, including IT and external auditors.
- Demonstrated ability to identify process improvements and implement automation solutions.
- Competitive monthly salary range of Rs120,000 to Rs170,000.
- The role requires in-person attendance to facilitate close collaboration with finance and operational teams.

This position offers an excellent opportunity for a detail-oriented finance professional to contribute significantly to the financial integrity and operational efficiency of the organization.