Assistant Manager Accounts Payable - COACT215

Job Title Assistant Manager - Accounts Payable

Function Accounts

Reporting to Senior Manager – Accounts Payable

1. Purpose

Responsible for timely and efficient accounting and payment processing to facilitate timely payments to
vendors / channel partners / service partners etc. in line with the applicable statutory / regulatory requirements
and internal guidelines at the corporate office

2. Key Responsibilities

Responsibilities

 Responsible for execution of accounts payable activities in adherence to defined accounting guidelines,
practices and standard operating procedures to ensure accounting efficiency
 Conduct and ensure accuracy of data entry for vendor related payments, cash vouchers etc.
 Actively raise vendor codes for the processing of payments as per the terms of contract and ensure
payment processing only on verification of compliance with vendor codes
 Execution of bill processing and detailed verification of vendor invoices generated for the services
availed and ensure rectification of the invoice for defective invoicing and follow up with the buyer on a
periodic basis for the corrected invoice within prescribed time limits
 Responsible for payment processing on verification of the bills / invoices / vouchers etc. after
determining relevant tax liability and statutory deductions
 Review the credit period of vendors on a regular basis and process transactions as per the applicable
credit period
 Responsible for timely processing of cash payments in coordination with regional teams
 Execute bank reconciliation and account for bank charges on a daily basis
 Check whether the payment is executed / rejected by the bank and find out the reason for rejection of
payment, if any
 Support octroi reconciliation activities and ensure all octroi and statutory payments are made within
defined timelines
 Respond and satisfactorily resolve queries raised by internal and statutory audits
 Prepare and submit MIS as required by the superior

3. Key Result Areas and Key Performance Indicators

S. No Key Result Areas Key Performance Indicators

 % accurate invoice verification

Ensure efficiency and timely verification
1.
of vendor payments
 % timely processing of payments to vendors

 % accurate data entry of accounts payable transactions

2. Efficiency in accounts payable operations
 % timely filing and recording of vendor invoice along
with the tax invoice

Processing of all COD, FOD, DOD etc.  % timely completion and accuracy of all payments
3.
payments related to COD, FOD, DOD and related transactions

Maintenance of documentation and record  Number of deviations observed in documentation

4.
keeping requirements