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Associate Manager - Accounts Payable, India

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Job Description - Associate Manager - Accounts Payable, India



 


 


 

Designation
Associate Manager - Accounts Payable, India










Function
Group Finance
Location
Bangalore
Reporting To
Global Process Owner - PTP



 


 


Job Description

 


 












What are the Key Deliverables in this role ?


Financial Outcomes




  • Manage the complete Accounts Payable cycle, including invoice validation, PO matching, approvals, payments, and reconciliations.

  • Oversee timely processing of vendor invoices, credit notes, employee reimbursements, and payments.

  • Ensure adherence to internal controls, accounting standards, and company policies.

  • Monitor AP ageing, open items, and resolve bottlenecks proactively

  • Own AP month-end close activities (accruals, GR/IR, reconciliations, cut-off).

  • Optimize payment runs to balance early payment discounts and cash-flow needs.

  • Ensure tax compliance (e.g., GST/TDS/VAT/WHT/1099) and correct GL coding.

  • Monitor and reduce AP ageing, debit balances, and unmatched items.


 


Customer Service




  • Serve as escalation point for vendor disputes, short-pays, and blocked invoices.

  • Identify potential sensitive issues and escalate it to the appropriate level

  • Publish service dashboards and hold regular reviews with key stakeholders (Procurement, Receiving, Controllers).

  • Define and enforce SLAs for inquiry resolution and approvals turnaround

  • Accountable for meeting and prioritizing own targets/ deadlines and those of others within agreed standards and procedures


 


 


Internal Processes



  • Govern global P2P policies (3-way/2-way match rules, tolerances, exception handling).

  • Drive standard work, SOPs, and documented controls; ensure audit readiness.

  • Implement and maintain automation/workflow tools (e.g., SAP, VIM/OCR, e-invoicing, vendor portal).

  • Manage exceptions: price/quantity variances, duplicate detection, blocked invoices.

  • Ensure segregation of duties, payment controls, and cyber-fraud prevention.


 


Innovation and Learning



  • Lead CI roadmap (Lean, Six Sigma) to reduce cycle time and manual touches.

  • Champion analytics (e.g., Power BI/AP dashboards) and root cause analysis.

  • Pilot digital initiatives (AI/ML for OCR, anomaly detection, auto-coding).

  • Build team skills: policy, ERP, tax, and stakeholder management.

  • Benchmark AP performance; adopt best practices (e.g., e-invoicing mandates by region).


 


 


 


 



 


What are the Critical success factors for the Role ?



  • Charted Accountant, Knowledge of SAP Must

  • 10 + years of relevant work experience handling AP functions. 3 + Years of experience in a Team lead role

  • Strong leadership and people management skills.

  • Excellent analytical and problem-solving abilities.

  • High attention to detail and strong process discipline.

  • Advanced Excel and reporting skills.

  • Excellent communication and stakeholder management abilities.

  • Ability to thrive in a fast paced, dynamic environment.


What are the Desirable success factors for the Role?



  • Good Understanding of  India FMCG Business, Taxation and accounting concepts

  • Analytical and problem-solving abilities, with a focus on delivering actionable insights and innovative solutions.

  • Good communication skills and stakeholder management capabilities

  • Familiarity with the consumer goods industry and an understanding of its challenges and opportunities


 



 



Original job Associate Manager - Accounts Payable, India posted on GrabJobs ©. To flag any issues with this job please use the Report Job button on GrabJobs.
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