Accounts Payable Executive

Overview

Job description:
To handle Accounts payable & supporting in month end closing.

Roles and Responsibilities:

• Preparing and controlling operating expense budget for entire company, variance analysis, releasing Purchase requisitions.
• Preparing and posting monthly accruals and overheads.
• Identify the prepaid invoices & prepare prepayment schedules for posting of amortization journals for expenses like Rent,
• Insurance, Lease etc.
• Monthly Sales reporting to Commercial Finance Team based on Actual Sales booked in the system.
• Ensure Intercompany settlement of AR and AP is completed promptly.
• Preparing Intercompany Loan & Interest Schedule and posting the Interest related journals in relevant GL code.
• Preparation of AP & AR Reconciliation on monthly basis & taking correct action plans for closing of open items on timely basis.
• Monthly Balance Sheet Review and P&L Review including commentary, highlighting areas, and presenting the same.
• Reporting FX Gain and Loss monthly.
• Ensuring reclassification and accounting of wrong or unaccounted entries bfre the General Ledger closes.
• Preparing Investment schedules and ensuring posting of relevant entries of Interest and accruals on timely basis.
• Clearing the Open Items which are ageing more than 90 days (about 3 months), chasing with the transaction originator & taking corrective action for clearing out the aged open items. Performing this task, once in a quarter resulting in more accurate and actual position of balance sheet open items and its ageing by the end of the period.
• Manage and oversee the daily operations of the accounting department.
• Process month end and year process, accounts payable/receivable, cash receipts, general ledger, utilities, expenditure variance analysis, Bank account statement reconciliations, Weekly Ageing Reporting for accounts payable.
• Resolving TDS queries daily.
• Verification of payments documents and resolving queries and getting approval for clearing the payments from the authorities.

Desired Candidate Profile:- B.com, MBA or B.com Semi qualified (ICAI cleared 2nd level)

Role: Accounts Payable Executive
Industry Type: Power
Department: Finance & Accounting
Employment Type: Full Time, Permanent
Role Category: Accounting & Taxation

Education:
UG :B.Com in Any Specialization
PG :Any Postgraduate

Key Skills:
accounts payable, Accounting, Payment Processing
Invoice Processing, Finance, general ledger