Accounts Payable Head

ROLE PROFILE

General Information

Job Title: Accounts Payable Head Accounts & Finance

Department: Accounts & Finance

Reporting to : DGM

Job Purpose

We are seeking an Accounts Payable Head to join our team in Bengaluru on a full-time basis. This role is crucial for managing financial operations and ensuring compliance. The ideal candidate will demonstrate proficiency in financial analysis and management systems like SAP HANA.

Company Profile

Sturlite is a Bangalore based electrical products company founded in 2009 with a vision to provide best in class electrical products to consumers. It is one of the fastest growing companies in this category and deals primarily in lighting (bulbs, LEDs, interior/exterior lighting etc.) and wiring, and it is now entering the category of switches, MCBs, etc. In future Sturlite would also want to enter small electrical appliances like fans, geysers, kitchen appliances etc.

It is a rapidly growing company with 2X annual business growth, having established itself in South & West India markets in the last few years, the company is aiming at a pan India presence by this year end and aiming to be one of the major players in the category within the next 3 years.

Major Accountabilities

• Processing of PO and Non based Invoices as per Standard checklist.
• Manage full cycle accounts payable including receiving, processing and verifying invoices every month.
• Reconcile processed invoices to ensure 100% accuracy by verifying entries and comparing system reports to balance.
• Reduced vendor reclassification 50% ensuring the accuracy of vendor coding and accounts payable batch outputs.
• Distribute payments to vendors, monitoring discount opportunities and resolving discrepancies in purchase orders, invoices and payments.
• Maintain accounting ledgers by verifying and posting accounts transactions, verifies vendor accounts by reconciling monthly statements and related transactions.
• Involved in end-to-end commercial financial process (P2P)
• Responsible and accountable for ensuring supplier in time payment by resolving supplier payment queries within 24 hours.
• Verifying invoices, data reversal and correction for the invoice details, processing credit notes, checking purchase order and vendor details.
• Responding clients queries via email and phone calls timely and accurately
• Payment term changes and sending emails to suppliers with an accurately without delay of time and date
• Prepare and filling monthly GST returns like GSTR1, GSTR2 and GSTR3-B reports.
• Prepare and filling monthly ESI, PF and TDS reports.
• Prepare and verifying aging reports, loan distribution reports, fee charged reports and dropped accounts reports weekly.
• Prepare outstanding accounts reports, resolve discrepancies with customers and process refunds, verify and monitoring timely disbursement on all funds ensuring all active and inactive are accurately charged.
• Identify and contact prospective customers to provide freight and logistic services.
• Debit Note and Credit Note Processing
• Custom duties payments.
• Import and export handling.
• Maintain and update awareness on company activities, government regulations and industry trends.