Executive - Accounts Payable

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Job Description

Executive - Accounts PayableTo manage and execute import-related payments for vendors and employees accurately and within defined timelines, ensuring compliance with company policies, banking requirements, tax regulations and internal controls.

• Process and manage import payments to overseas vendors through SAP S/4HANA and banking platforms.
• Handle payments related to imports of goods, services, freight, customs duties and other import-related expenses .
• Verify invoices, purchase orders, supporting documents, bank details and payment instructions before processing payments.
• Coordinate with Procurement, Logistics, Tax, Treasury, Customs and other stakeholders for timely resolution of payment-related issues.
• Process employee-related payments/reimbursements connected with import and business activities, wherever applicable.
• Ensure appropriate accounting entries, tax deductions and documentation are completed before payment processing.
• Monitor payment due dates and ensure timely settlement of overseas vendor obligations.
• Coordinate with banks for payment processing, payment confirmations, amendments, rejection handling and other transaction-related queries.
• Perform reconciliation of vendor accounts, bank transactions and outstanding payment items.
• Maintain proper documentation and audit trail for all import payment transactions.
• Support internal and statutory audits by providing required payment records and supporting documents.
• Ensure compliance with applicable FEMA, RBI, GST, TDS and other regulatory requirements related to import payments.
• Identify process gaps and support automation and process improvements in import payment activities.