Corporate Finance - Accounts Payable - Team Member
Indus Towers
India
3d ago

Description

Timely Invoice validation and accurate payments to the satisfaction of Vendors / Service providers as per the agreed terms, Indus policies and procedures.

  • Timely validation of Invoices with complete back-up documentation by AP.
  • Matching to Valid PO to respective invoices booked and Approved Budget allocation to the activity.
  • Correct application of Expense a / c in line with Expenses Head of Expenditure
  • Ensure timely payments to vendors for approved Invoices.
  • Allocation of adequate funds from treasury before payments released
  • Sharing Payment information with VHD, users etc.
  • validation of invoices include - knowledge of segregation between proper expense head and liability accruals and asset accruals as per acceptable accounting practices and policies)

    Compliance to laws of Direct and indirect taxes.

  • To ensure proper application of proper tax laws while accounting.
  • Discharge of TDS liability and filing of periodic TDS return in compliance of law.
  • To keep self and the team updated on relevant applicable laws for the changes taking place.
  • AP closing and timely reporting as per schedule.

  • Collection of data from different user functions at Corporate, compare and analyze with movement / Variance analysis.
  • Provide information to FR team as schedules in support to P&L account and BS.
  • Reconciliation of Vendors and Collecting NDC / NOC periodically

  • Seeking for No Dues Certificate from vendors for liability estimation and Transparency with vendors.
  • Engage in providing explanation and information to Internal / Statutory Auditor's Queries on AP process.

  • Proactively maintain and provide data in prescribed formats as and when required by the Auditors.
  • Qualifications

    Minimum Educational Qualifications to perform this job :

  • A commerce Graduate / Post graduate with 5-6 years of relevant experience in AP function.
  • Knowledge Required

  • Accounting knowledge, AP processes and relevant provisions of different indirect and direct tax and understanding of the business processes and requirements.
  • Skills / Competencies

  • A person with analytical, active and vigilant with good coordination, communication and interpersonal skills, proactive and rigid in terms of compliance to established process and laws, honest, result oriented and solution provider with huge data handling capabilities.
  • Relevant Experience (Functions, roles, duration)

  • Min. 5 -6 years in Accounting and Banking, and in AP will help.
  • Hiring Pool (industries, specific organizations from where targeted)

  • Should have worked in the mid size or large companies with established process, automation with a preference of experience in similar or telecom related Industry for at least 4 years.
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