Accounts Payable Associate

Job description

**Key Responsibilities** - **Invoice Management**: Handle end-to-end Accounts Payable (AP) activities including invoice processing, vendor payments, reconciliations and month-end closing. - **Payment Processing**: Prepare and execute payment runs via NEFT, RTGS, ACH, or wire transfers. Ensure payments are made within due dates to capture early payment discounts and avoid penalties. - **Accrual Basis Accounting**: Record expenses in the period they are incurred rather than when cash is paid. - **Stakeholder Relations**: Serve as the primary contact for stakeholder enquiries regarding payment status and discrepancies. - **Reconciliation & Reporting**: Perform monthly vendor statement reconciliations and assist with month-end closing activities. Generate AP aging reports to track outstanding liabilities. Support preparation and review of Trial Balance, Profit & Loss (P&L) and Balance Sheet - **Compliance & Audits**: Ensure adherence to internal accounting controls and statutory requirements such as GST or TDS. Provide documentation and support for internal and external audits. **Technical / Functional Skills** - Strong knowledge of **accounting principles** and concepts (journal entries, P&L, ledger, Trial Balance, Balance Sheet) - Hands-on experience with **ERP systems** such as **SAP, Tally, Oracle, or similar global ERP platforms** - Proficient in MS Excel. - Good understanding of AP controls, compliance, and month-end activities