Accounts Payable/Accounts Receivable Manager

Job Description: Accounts Payable/Accounts Receivable Manager - Automotive Company, Mumbai

Position: Accounts Payable/Accounts Receivable Manager

Location: Mumbai, India

Department: Finance

Reports To: Finance Director

Job Summary:

We are seeking an experienced and detail-oriented Accounts Payable/Accounts Receivable (AP/AR) Manager to join our dynamic automotive company in Mumbai. The AP/AR Manager will oversee the entire accounts payable and receivable functions, ensuring accurate and timely financial processing, reporting, and compliance with company policies and regulations.

Key Responsibilities:
• Accounts Payable Management:
• Oversee the entire accounts payable process, including invoice processing, payment approvals, and vendor management.
• Ensure timely and accurate processing of invoices and payments to vendors.
• Review and reconcile vendor statements, resolving any discrepancies.
• Manage the month-end and year-end closing processes for accounts payable.
• Develop and implement AP policies and procedures to improve efficiency and control.
• Accounts Receivable Management:
• Oversee the entire accounts receivable process, including invoicing, collections, and customer account management.
• Ensure timely and accurate processing of customer invoices and payments.
• Monitor and manage aging accounts receivable to ensure timely collections.
• Resolve customer billing issues and disputes promptly.
• Develop and implement AR policies and procedures to improve efficiency and control.
• Team Management:
• Lead and mentor the AP/AR team, providing guidance and support to ensure high performance.
• Conduct regular performance reviews and provide feedback for continuous improvement.
• Foster a collaborative and positive work environment within the team.
• Financial Reporting and Compliance:
• Prepare and analyze AP/AR reports for management review.
• Ensure compliance with company policies, accounting standards, and regulatory requirements.
• Assist in the preparation of financial statements and audits.
• Maintain accurate and organized financial records and documentation.
• Process Improvement:
• Identify and implement process improvements to enhance the efficiency and effectiveness of the AP/AR functions.
• Collaborate with other departments to streamline workflows and improve overall financial operations.

Qualifications:
• Bachelor's degree in Accounting, Finance, or a related field.
• A minimum of 5-7 years of experience in accounts payable and accounts receivable management, preferably in the automotive industry.
• Strong knowledge of accounting principles, practices, and regulations.
• Proficiency in accounting software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Excellent analytical and problem-solving skills.
• Strong organizational and time management skills with the ability to handle multiple tasks and meet deadlines.
• Effective communication and interpersonal skills.
• Demonstrated leadership and team management abilities.
• Attention to detail and a high level of accuracy.

Preferred Qualifications:
• Experience with ERP systems (e.g., SAP, Oracle).
• Professional certification (e.g., CPA, CMA) is a plus.
• Knowledge of GST and other relevant tax regulations in India.