Accounts Payable Team Lead

Job Description

Job Summery: Manager Reporting will be responsible for overseeing the entire accounts payable process, ensuring timely and accurate invoice processing and payments, while also managing the team, developing vendor relationships, and ensuring compliance with company policies and regulation Key Responsibilities: 1. Team Leadership & Process Management: Lead and manage the accounts payable team, ensuring efficient workflow and high accuracy. Provide training and mentorship to team members on accounting policies, tax compliance, and system usage. Develop and implement best practices to improve efficiency and control over the AP process. 2. Invoice Processing & Payment Management: Oversee invoice verification, approvals, and processing in compliance with company policies: Ensure timely and accurate processing of vendor payments, including advance payments and settlements. Monitor outstanding payables and manage cash flow planning for payments. 3. TDS & GST Compliance. Ensure proper deduction and remittance of TDS on vendor payments as per tax regulations. Maintain accurate GST accounting and reconciliation, ensuring compliance with GST rules. Handle GST Input Tax Credit (ITC) reconciliation and ensure timely GST filings. Work closely with tax consultants and auditors for compliance, assessments, and audits. 4. Vendor & Stakeholder Management: Ensure proper documentation and compliance with contract terms for vendor payments. Coordinate with procurement, finance, and other departments to align payment processes. 5. Financial Controls & Reporting: Ensure accurate accounting and record-keeping of all AP transactions. Prepare reports on aging payables, TDS deductions, GST reconciliations, and payment trends. Assist in internal and external audits by providing necessary documentation and clarifications Qualifications & Skills: Bachelor's degree in Accounting, Finance, or a related field. CA, or equivalent qualification preferred 3 years of experience in Accounts Payable, with at least 1 year in a supervisory/managerial role. Strong knowledge of TDS, GST laws, and regulatory compliance in India. Excellent leadership, analytical, and communication skills