Senior Accountant - Accounts Payable

Location

Mumbai | India

Job description

Role: Senior Accountant – Central Accounts Payable

Location: Powai, Mumbai (

Kindly note that this will be a Work form Office Opportunity

Working Days: 6 days working (Monday to Saturday)

Job Description:

As a Senior Accountant for Central Accounts Payable, you will play a pivotal role in managing and overseeing the organization's accounts payable processes. Your responsibilities will include supervising a team, ensuring accurate and timely payments to vendors, maintaining compliance with financial policies, and continuously improving the accounts payable function. You will contribute to the financial stability and efficiency of the organization.

Key Responsibilities:

1. Accounts Payable Supervision:

• Lead and supervise the accounts team located at various cities, providing guidance and support from a central location.
• Review the work of junior accountants to ensure accuracy and compliance with policies and procedures.

1. Invoice Processing and Verification:

• Oversee the receipt, review, and processing of invoices from vendors.
• Verify the accuracy, completeness, and coding of invoices.
• Ensure invoices are properly approved before payment.
• Ensure receipt of credit notes against purchase returns.
• Adjustment of open credit notes against outstanding bills.
• Review & maintain vendor ageing.

1. Payment Processing:

• Manage the preparation and processing of payment batches, including checks, electronic transfers, and ACH payments.
• Schedule payments to optimize cash flow and take advantage of discounts while adhering to payment terms.

1. Vendor Relations:

• Maintain and nurture positive relationships with vendors.
• Address vendor inquiries, discrepancies, and payment issues in a timely manner.

1. Compliance and Reporting:

• Ensure compliance with financial policies, accounting standards, and legal requirements.
• Prepare reports for management and assist in audit processes.

1. Expense Reporting:

• Oversee the review and processing of employee expense reports, ensuring adherence to company policies.
• Ensure timely reimbursement of valid expenses.

1. Process Improvement:

• Identify opportunities to streamline accounts payable processes, enhance efficiency, and reduce costs.
• Implement best practices and automation where applicable.

Key Performance Indicators (KPIs):

1. Invoice Accuracy: Measure the percentage of invoices processed without errors.
2. Payment Timeliness: Ensure payments are made within agreed-upon terms to avoid late fees or penalties.
3. Vendor Satisfaction: Evaluate vendor feedback and maintain positive relationships.
4. Expense Report Processing: Monitor the time taken to process employee expense reports.
5. Compliance Adherence: Ensure all accounts payable activities comply with financial policies and regulatory requirements.
6. Team Productivity: Assess the efficiency and productivity of the accounts payable team.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.
• Inter-CA or other relevant professional certifications are preferred.
• Substantial experience in accounts payable and accounting.
• Strong knowledge of accounting principles, financial regulations, and compliance.
• Proficiency in accounting software (Oracle's Netsuite preferred) and Microsoft Excel.
• Strong leadership and communication skills.

Experience:

• Minimum of 5 years of relevant experience in accounts payable or a similar role.
• Supervisory or team leadership experience is a plus.

About Truemeds:

Our vision is to make healthcare affordable and accessible to all. We are a technology-driven, telehealth platform that aims to reduce healthcare expenses multifold and improve healthcare outcomes by democratizing medicine purchases in India. Truemeds is able to recommend best value medicines from top 30 pharma brands in India to customers with precise scientific matching and outcomes history leading up to 70%+ savings for customers!

No one should have to choose between their health and their healthcare costs. With this vision - we aim to make healthcare affordable and accessible to all. We are a technology driven, tele-health platform that aims to reduce healthcare expenses and improve healthcare outcomes by democratising medicine purchase in India. We aim to become the go-to e-pharmacy for the 'Smart consumer' to go for best value medicines.

Founded by Ex-Abbott executives, Akshat Nayyar and Dr. Kunal Wani , Truemeds has witnessed phenomenal growth in the last 2 years on the back of strong product-market fit and massive organic demand. We have grown at a phenomenal pace with customer love – 60X growth delivered in the last 20 months . Headquartered in Mumbai , we are building a kick-ass team which is passionate to build innovative solutions and willing to go the extra mile to ensure the customer has the best experience. Truemeds has closed its Series B ($22 Million) funding round led by private equity fund Westbridge Capital . The funding round witnessed participation from existing investors as well including InfoEdge Ventures , Asha Impact and IAN Fund . The company plans to utilise the funds to expand in the domestic market and grow exponentially in the days to come.

Top links -

Job tags

Salary