Manager - Accounts Payable
- Axis
- 6 - 11 years
- Mumbai
- 12 days ago
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Job Description
Job Title: Manager - Accounts Payable
Department: Finance
Reports To: Senior Manager - Accounts Payable
Location: Lower Parel, Mumbai
Who we Are?
Axis Asset Management Company Ltd (Axis AMC) was founded in 2009 and is amongst India s largest and fastest growing mutual fund. We serve 1.3+ Cr customers and associates with highest humility across 100+ cities.
Our success is attributable to 3 founding principles- Long Term Wealth Creation, Outside-in (Customer) View & Sustainable Relationships. Our investment philosophy embraces culture of risk management. It encourages our partners & investors to transition from transactional investing for quick gratification to investing for fulfilment of critical life goals.
Thus, our endeavour is to offer a basket of investment solutions which helps customers create a financially independent & happier tomorrow.
Our recent accolades:
- Brandon Hall Group HCM Excellence Awards for Learning & Development 2022 - Silver Award
- Morningstar Awards 2022: Best Fund House: Equity, Debt & Overall
- Outlook Money Awards 2021: GOLD in Equity AMC of the Year 2021
- World Leadership Congress & Awards 2022: Business Transformation Leadership Awards Digital Transformation Project (Mobile App)
Why Join Us?
At Axis, our constant endeavour is to provide a career path for job seekers which is laden with learning & winning. We foster a culture where success is celebrated.
What will you Do?
The Manager - Accounts Payable will be responsible for overseeing the accounts payable process for a segment, ensuring timely and accurate processing of vendor payouts, managing monthly provisions, coordinating audits, and maintaining compliance with SEBI requirements. This role requires strong attention to detail and effective communication skills.
Key Responsibilities:
1. Vendor Payouts and Invoice Processing:
- Posting vendor payout invoices in the Sun system and ensuring end to end closure of payouts within specified TAT.
- Ensure proper checking of payments to vendors, including verification of account numbers, agreement copies, CPT approvals, and PO copies as per policy.
- Check supporting documents for invoices to identify expenses of schemes and AMC books.
- Execute urgent advance payments by interacting with departments and employees.
- Resolve vendor payment-related issues in a timely manner.
2. Monthly Provisions and MIS:
- Prepare monthly provisions at organization level including Marketing, Operations, Payroll, Advances, PMS Brokerage, Admin, HR, and Outsource Manpower provisions.
- Ensure timely execution of Monthly Provisions coordinating with team members and respective departments.
- Track monthly actual and ad-hoc expenses and income, especially for Operations and Marketing costs.
- Reconcile pending provisions for invoices not received and confirm pending provisions with respective departments.
- Track carry-forward provisions, ensuring accuracy and proper documentation.
3. Audit Coordination:
- Prepare statements, schedules, and ageing of creditors to facilitate smooth completion of periodic audits.
- Coordinate with auditors for redressal of queries and ensure timely completion of audit requirements.
- Update schedules regularly for receivables, payables, staff advances, prepaid expenses, and advances against expenses.
- Attend UAT walkthrough sessions of the Sun application with various internal and external auditors.
4. Compliance and Reporting:
- Prepare various Group requirement data & Reports with utmost accuracy.
- Prepare monthly TDS Data and Filing for TDS returns.
- Prepare IGAAP financial reports for Trustee company.
- Control vendor and employee advances, ensuring proper documentation and timely closure of advances.
5. Vendor Onboarding and Data Management:
- Verify KYC documents received from new vendors.
- Complete the new vendor onboarding process within the timeline for the entire procure-to-pay process.
What makes you a Great Fit?
- Graduate/Postgraduate. (Experience in mutual fund/PMS industry will be an added advantage)
- Strong Analytical skills.
- Strong Excel skills, proficient in GST & TDS related provisions.
- Proven experience in accounts payable (7-10 Years)
- Strong knowledge of accounting principles and practices.
- Proficiency in using accounting software, particularly the Sun system.
- Excellent communication skills.
- Ability to manage multiple tasks and meet deadlines
Job Classification
Industry: Financial Services (Asset Management)Functional Area / Department: Finance & AccountingRole Category: Accounting & TaxationRole: Accounts Payable ManagerEmployement Type: Full timeContact Details:
Company: Axis Asset ManagementLocation(s): Mumbai
Keyskills: Accounts Payable Mutual Funds Invoice Processing Compliance Tds Filing Data Management Payables GST MIS Reporting Vendor Onboarding Compliance Reporting P2P Audit Vendor Payments MIS Vendor Reconciliation Sun system Payment Processing
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