Mahindra GroupEmployer profile

Deputy Manager- Accounts Payable

Location not specified · Experience not specified

Experience: Experience not specified
Salary: Not disclosed
Location: Location not specified
Work mode: Not specified
Job type: Full-time
Apply by: Closing date not listed
Posted: 13 Apr 31

About this role

Responsibilities & Key Deliverables

Cash Management: -
Daily Funding, Its Utilization for Local and Import Payments

: - Obtaining of Daily Requirement of Funds, Liasioning with Corporate Finance

: - Comparison with Actual Payment on Daily basis and Control Actions

Cash Flow Projection and Actuals for KNDV

: - Monthly projection of cash flow for Direct Material Vendor Payment, comparison with Actual on weekly basis and necessary action accordingly

: - Co-ordination with Sector Accounts or other departments

Local Payments and Creditors :-
Payment Activity

:- Daily Payment Processing from SAP

:- Liasioning with Banks or other departments

:- Obtain IT support in case of any issues etc

Vendor Reconciliation

:- Quarterly reconciliation with vendors as per guidelines set by management

:- Co-ordination with various unit Accounts for effective reconciliation

Vendor Queries relating to payments, Deduction details, TDS Certificates etc

:- Solution to vendor queries for payment or related issues

:- Co-ordination with Sourcing /Supply Chain team for smooth vendor relationships

Payment related Issues if any and Solution thereof
Vendor Ageing

:- Monitoring and clearing books w.r.t. clear

Import Payments :-
Daily Payment processing

:- Processing of Import documents (Advance/LC issuance/amendments/ direct etc.) by thoroughly checking the documents

:- Liasioning with Banks and Import Desk

:- Resolving discrepancies in documents and queries from Banks for payment execution

Payment Entries for Auto Sector

:- Passing of payment entries for Import payments released on monthly basis

:- Adhering to the management deadlines for passing entries

Finance Activity

:- Active involvement for financing options

:- Dealing with Corporate Finance

Maintaining reconciliation on Import Data Processing and Monitoring System (w.r.t. BOE)

:- Follow up with Import Desk for necessary documentation

MIS: -
Creditors MIS (Local and Imports)
MIS for Financial Impacts for payment
Ad hoc requirement
Resolving Audit queries

: - Dealing with internal and external auditors

Management Representative for ISO Audit :-
Maintaining ISO related information as per Audit guidelines
Conducting periodical meetings (MRM/Steering)
Preparation of Minutes of meetings and circulation thereof
Maintaining of SOPs and timely updation
Liasioning with customers (both Internal and External) for feedbacks and improvement in Satisfaction scores
Other relevant activities as per requirement of Sector MR

Experience

3- 5yrs

Qualifications

Industry Preferred

A / Semi qualified CA

General Requirements

Skills

Accounting/Auditing and Finance