Accounts Payable ( Manufacturing )

An Executive in the Accounts Payable department is a professional responsible for managing and overseeing the company's accounts payable functions. The role involves handling financial transactions related to the payment of invoices, managing vendor relationships, and ensuring that all payments are made accurately and on time. Here are some key responsibilities and skills associated with a Senior Executive in the Accounts Payable profile:   Responsibilities: 1. Invoice Processing: Manage the end-to-end process of invoice processing, including verification, coding, and approval. 2. Payment Processing: Ensure timely and accurate processing of payments to vendors and suppliers. 3. Vendor Management: Build and maintain relationships with vendors, negotiate payment terms, and resolve any issues or discrepancies. 4. Record Keeping: Maintain accurate and up-to-date records of all accounts payable transactions. 5. Compliance: Ensure compliance with company policies, accounting principles, and relevant regulations. 6. Reporting: Prepare and analyse reports related to accounts payable, including aging reports and cash flow projections (AP). 7. Process Improvement: Identify opportunities for process improvement and implement best practices to enhance efficiency and accuracy. 8. Communication: Collaborate with other departments, such as procurement and finance, to ensure seamless operations. 9. Audit Support: Provide support during internal and external audits by preparing relevant documentation and answering queries. Skills and Qualifications: 1. Financial Acumen: Strong understanding of accounting principles, financial processes, and controls. 2. Analytical Skills: Ability to analyse data, identify trends, and make informed decisions. 3. Attention to Detail: Thorough and accurate in reviewing invoices and other financial documents. 4. Communication Skills: Effective communication with internal and external stakeholders, including vendors. 5. ERP Systems: Proficiency in using Enterprise Resource Planning (ERP) systems for accounts payable functions. 6. Problem Solving: Ability to identify and resolve issues related to accounts payable processes. 7. Time Management: Efficiently manage multiple tasks and meet deadlines in a fast-paced environment. 8. Regulatory Compliance: Knowledge of relevant laws and regulations affecting accounts payable processes. 9. Adaptability: Ability to adapt to changes in technology, processes, and organizational structure. An Executive in the Accounts Payable department plays a crucial role in maintaining financial stability, ensuring compliance, and contributing to the overall success of the organization. Account Payable,STERP Designation: Accounts Payable( Manufacturing ) Vacancies: 1 Experience: 3.0 Year(s) - 4.0 Year(s)