Deputy Manager CAPEX - Accounts Payable

This position is responsible for driving finance role pertaining to A/Cs payables, that includes approvals related to material and service invoices for distribution CAPEX operations. This contains but is not limited to manage and supervise the accounts payable of distribution CAPEX operations and evaluate the invoices in accordance with financial mandates and providing approval for penalizing vendor for violation of policy i.e. quality control issues, risk and cost, taxes, late and PB deductions. Further, related task pertaining with payables is to create journal vouchers (JVs) related to service invoice accrual to ensure the correct accounting treatment.

This position includes responsibilities to keep track of the status of all transactions taking place with external vendors and company’s financial expenditures, maintain a database and provide reports as and when requested by supervisors.

This position includes responsibilities regarding co-ordination with external and internal auditors to address their related queries/observations, cluster finance and projects for invoices related queries and service invoice data for service accrual, procurement department for inquiries related to terms and conditions of purchase orders (POs), IT department for process automation / improvement & IT issues faced during invoicing process and tax department for expert advises related to payments.

Furthermore, stated position ensures that systems, policies, and procedures adhere to company policies while functioning with accuracy and timeliness and the company’s financial obligations are met efficiently.

• Providing approvals within specified time, on material and service invoices in line with agreed terms at the time of purchase order.
• Verification and approval of late delivery charges / waiver on case to case basis.
• Providing approval for penalizing PQCs for violation of policy.
• Investigating unusual events in invoice processing and addressing any identified irregularities prior to processing of invoice.
• Proper parking of service invoices accrual for accurate compliance of accounting standards.

• Identifies training requirements of the team.
• Provides guidance to the direct reports as and when required.
• Creates environment enabling teamwork and ensures seamless interaction among team members.
• Creates a conducive working environment to build and sustain an engaged and committed team.