Job Title: Senior Team Lead | Accounts Payable | Bengaluru Eco space | Finance Transformation
Job Title: Senior Team Lead - Accounts Payable
Location: Bangalore
Employment Type: Permanent
Experience Required: 7+ years in Accounts Payable, with leadership experience
Job Summary:
The Senior Team Lead - Accounts Payable will oversee the accounts payable operations, ensuring timely and accurate processing of invoices, payments, and reconciliations. This role requires leadership skills to manage a team, optimize processes, and ensure compliance with company policies and regulatory requirements. The ideal candidate will drive performance, streamline workflows, and maintain strong vendor relationships.
Key Responsibilities:
- Team Management and Leadership:
Ø Supervise and mentor a team of accounts payable associates.
Ø Set performance goals, monitor KPIs, and conduct regular performance reviews.
Ø Provide training and guidance to team members to enhance their skills and knowledge.
- Invoice and Payment Processing:
Ø Oversee the end-to-end invoice processing workflow (PO and Non-PO) to ensure accuracy and timeliness.
Ø Manage and review payment runs, including checks, wire transfers, and ACH payments.
Ø Ensure duplicate checks and controls are in place to prevent overpayments.
- Vendor Management and Issue Resolution:
Ø Serve as the escalation point for vendor queries and disputes.
Ø Collaborate with vendors and internal teams to resolve discrepancies and ensure smooth operations.
Ø Maintain strong relationships with vendors and stakeholders.
- Process Improvement and Automation:
Ø Identify opportunities for process optimization and implement efficiency improvements.
Ø Work on automation initiatives such as OCR, ERP upgrades, and AP workflow enhancements.
Ø Develop and update SOPs for standardizing AP processes.
- Compliance and Reporting:
Ø Ensure adherence to internal controls, company policies, and SOX compliance.
Ø Support internal and external audits by preparing and providing necessary documentation.
Ø Generate regular AP reports (aging reports, payment forecasts, accruals) and present insights to leadership.
- Month-End and Year-End Activities:
Ø Oversee month-end and year-end close processes related to AP.
Ø Ensure all liabilities are recorded accurately, and accounts are reconciled on time.
Skills and Qualifications:
Ø Bachelor’s degree in accounting, Finance, or related field.
Ø 7+ years of experience in Accounts Payable, with at least 3+ years in a team lead or supervisory role.
Ø Strong understanding of AP processes, controls, and systems.
Ø Proficiency in ERP systems (e.g., Oracle / Oracle fusion) and advanced Microsoft Excel skills.
Ø Excellent leadership, organizational, and problem-solving abilities.
Ø Strong communication skills, both verbal and written, with the ability to interact effectively across departments and with external vendors.
Ø Proven experience in process improvements and automation.
Preferred Skills:
Ø Experience in shared services or global AP operations (Real estate)
Ø Knowledge of SOX compliance, tax regulations, and financial reporting standards.
Ø Experience with automation tools like OCR and RPA.
Why Join Us?
Ø Opportunity to lead a high-performing team in a growing organization.
Ø Competitive compensation and comprehensive benefits.
Ø Exposure to advanced tools, systems, and process enhancement initiatives.
Ø A collaborative work environment with opportunities for career development.