ROLE PROFILE: Senior. Executive - Accounts Payable
Reports to (Job Title): DGM - Accounts & Finance
Job Purpose
We are seeking a Sr Executive Accounts Payable to join our finance team in Bangalore. This full-time mid-level position involves managing accounts payable processes and ensuring accurate financial reporting. The ideal candidate should have expertise in payment processing and vendor management, contributing to the efficiency and accuracy of financial operations.
Company Profile
Sturlite is a Bangalore based electrical products company founded in 2009 with a vision to provide best in class electrical products to consumers. It is one of the fastest growing companies in this category and deals primarily in lighting (bulbs, LEDs, interior/exterior lighting etc.) and wiring, and it is now entering the category of switches, MCBs, etc. In future Sturlite would also want to enter into small electrical appliances like fans, geysers, kitchen appliances etc.
It is a rapidly growing company with 2X annual business growth, having established itself in South & West India markets in the last few years, the company is aiming at a pan India presence by this year end and aiming to be one of the major players in the category within the next 3 years.
Major Accountabilities
Vendor Account Reconciliation:Conduct daily and monthly reconciliation of vendor accounts to ensure accurate balances.Communicate with vendors to clarify discrepancies, request missing documentation, and facilitate timely issue resolution.Identify and resolve discrepancies between vendor statements and internal records.
Financial Reporting:Prepare and analyze monthly vendor aging reports, identifying outstanding invoices and ensuring timely payments.Assist in month-end and year-end closing processes, ensuring all vendor transactions are accurately recorded in SAP.
GST and Taxation Management:Handle GST filing and GST returns (GSTR1, GSTR 3B, GSTR 2A, 2B) for clients across various sectors, including Automobile, Manufacturing, Real Estate, Wholesale, and Retail.Manage taxation-related queries, including GST, TDS, TCS, and Service Tax.Compute and file GST, TDS, and TCS returns accurately and on time.Implement and manage GST, E-way Bill, and E-invoice accounting systems, particularly for the manufacturing sector.
Record Keeping and Compliance:Maintain detailed records of vendor communications, reconciliations, and resolutions for audit and compliance purposes.Ensure compliance with statutory requirements and internal policies.
Cross-functional Collaboration:Collaborate with internal teams to ensure seamless financial operations and resolve any discrepancies.Provide training and support to team members on SAP functionalities and GST-related processes.
Qualifications:
Bachelors degree in accounting, Finance, or a related field.
Minimum of 4-6 years of experience in accounts payable, GST filing, and vendor reconciliation.
Certification in SAP Financial Accounting (FI) or related modules.
Experience in the manufacturing sector (mandatory).
Strong understanding of accounting principles and statutory compliance.
Technical Skills:
Proficiency in SAP (mandatory).
Experience with Tally Software for maintaining books of accounts, trial balance, P&L, balance sheet, and receipts/payments.
Strong knowledge of GST, TDS, TCS, E-way Bill, and E-invoicing.
