Open Secret - Accounts Payable Executive

Job description

Accounts Receivable & Accounts Payable Executive About Open Secret : Open Secret is a brand with a vision to make every Indian family snack better. Powered by a strong operating team of strategists and marketers from Harvard Business School, IIM, and IIT with 40+ years of collective FMCG experience and backed by the strongest set of mentors - Matrix, Vijay Shekhar Sharma, Kunal Bahl, Rohit Bansal, and Vivek Gambhir. The goal is to become the most preferred snacking brand for families by un-junking their favourite snacks. Open Secret is currently available through their website at https://opensecret.in, multiple ecommerce platforms, and across offline stores Pan India where they sell their entire range of un-junked snacks including; Nutty Cookies, Nutty Chips, Flavoured Nuts, Nutty Shake Mixes and Nutty Spreads. About the CEO and Co-Founder : Ahana Gautam is an experienced operator with a passion to build and grow the biggest consumer brands in India. She has a B. Tech from IIT Bombay and an MBA from Harvard Business School. She started her career at P&G where she worked across multiple functions - supply chain, finance and marketing. Ahana grew her passion for food brands at General Mills in the US where she launched natural and organic products.Designation- Planning Executive Role Overview The Accounts Receivable & Accounts Payable Executive will be responsible for managing customer invoicing, collections, vendor payments, account reconciliations, and ensuring accurate financial records. The role requires strong accounting knowledge, attention to detail, and effective coordination with internal and external stakeholders to maintain healthy cash flow and smooth financial operations. Accounts Payable (AP) • Verify, process, and record vendor invoices accurately and on time. • Ensure timely payment to vendors as per agreed payment terms. • Reconcile vendor statements and resolve invoice/payment discrepancies. • Maintain vendor master data and supporting documentation. • Monitor advances paid to vendors and ensure timely adjustment. • Assist in GST, TDS, and other statutory compliance related to vendor payments. • Support month-end and year-end closing activities. • Maintain proper records of all payable transactions and supporting documents. Inventory Verification & Control • Perform periodic physical inventory verification (weekly, monthly) and reconcile physical stock with ERP records. • Investigate inventory variances and coordinate with Warehouse, Operations, and Procurement teams for timely resolution. • Ensure all inventory transactions, including Goods Receipt Notes (GRNs), stock transfers, sales returns, purchase returns, and adjustments, are accurately recorded in the ERP system. • Verify stock movement documentation and ensure proper authorization for inventory adjustments. • Coordinate with the warehouse team to ensure timely GRN creation and inventory updates. Required Skills & Qualifications • Bachelor’s degree in Commerce, Finance, or Accounting (B.Com/M.Com). • 1–3 years of experience in Accounts Payable, Finance, or Accounting. • Strong understanding of accounting principles and financial processes. • Knowledge of GST, TDS, and statutory compliance requirements. • Proficiency in MS Excel and ERP/Accounting software. • Good communication and negotiation skills for customer and vendor interactions. • Strong analytical and reconciliation skills. • High attention to detail and accuracy. Key Competencies • Accountability and ownership of receivables and payables. • Strong organizational and time management skills. • Ability to learn new software and processes quickly. • Dedication and eagerness to learn. • Ability to work under pressure and meet deadlines. • Effective coordination with internal and external stakeholders. • Problem-solving mindset with a focus on cash flow management. • Strong analytical and reporting skills Location - Powai Pay: ₹35,000.00 - ₹45,000.00 per month Work Location: In person