Leadership and Management:
· Lead and mentor the accounts payable and payroll teams, fostering a collaborative and high performance culture.
· Develop and implement departmental goals, objectives, and policies.
Accounts Payable Oversight:
· Manage the accounts payable process, ensuring accurate and timely payment of vendor invoices.
· Establish and adherence to TAT for each process step with maintaining Integrity and confidentiality in payments.
· Establish and maintain relationships with vendors and stakeholders to facilitate efficient payment processes.
· Oversee the reconciliation of accounts payable ledgers and resolve discrepancies.
· Administration of Inter-Company transaction and Balance reconciliation.
Payroll Administration:
· Direct and oversee the payroll function, ensuring accurate and timely payroll processing for all employees.
· Ensure compliance with central, state, and local payroll regulations and tax requirements.
· Implement and maintain payroll systems and software for efficiency and accuracy.
Financial Reporting:
· Prepare and analyse financial reports related to accounts payable and payroll activities.
· Monitor cash flow related to accounts payable and payroll expenditures.
· Timely managing monthly closing process consisting of prepaid, provisions, inter-company balances, GL to sub ledger balances etc.
Compliance and Controls:
· Ensure compliance with Company Delegation of financial powers, accounting principles, company policies, and applicable laws.
· Implement internal controls to mitigate risks and enhance the integrity of financial processes.
· Completion of Audits in efficient and timely manner.
Process Improvement:
· Identify opportunities for process improvements within accounts payable and payroll functions.
· Lead initiatives to automate and streamline processes to increase efficiency.
Collaboration:
· Work closely with other Finance verticals, HR, and other departments to ensure alignment on financial and operational objectives.
· Participate in cross-functional projects that impact accounts payable and payroll.
Necessary Skills:
· CA/ICWA/PGDBM.
· 10 years of experience in accounts payable and payroll management, preferably in capital market/financial service industry.
· Strong knowledge of accounting principles, payroll regulations, and financial reporting.
· Proficiency in ERP and payroll systems
· Experience of implementing new age tools will be a plus
· Excellent leadership, communication, and interpersonal skills.
· Strong analytical and problem-solving abilities
· Detail-oriented with a commitment to accuracy and compliance.