Team Lead Accounts Payable

Job Description

As an employee at Welspun, you will play a crucial role in managing the Accounts Payable (AP) function. Your responsibilities will include:- Overseeing end-to-end vendor invoice processing, including PO/Non-PO, 2-way/3-way match.- Ensuring compliance with GST, TDS, MSME Act, and input tax credit rules.- Managing vendor master data accuracy and preventing duplicate invoices.- Addressing vendor queries and resolving disputes in coordination with procurement and plants.- Performing vendor account reconciliations and resolving open items.- Supporting accruals, month-end closing, and preparation of AP-related MIS and schedules.- Ensuring adherence to Ind AS, Companies Act, and internal audit requirements.- Supporting statutory, internal, and GST audits with AP-related data and schedules.- Implementing and monitoring internal controls for AP processes.- Driving process improvement, automation (RPA, OCR, AI tools), and standardization across entities.- Ensuring SLAs, KPIs, and accuracy levels are met.- Leading, mentoring, and motivating the AP team in a Shared Services environment.- Allocating work, monitoring performance, and ensuring service quality.- Acting as an escalation point for vendor, business, and auditor queries.Additionally, your role will involve:- Allocating workload, monitoring performance, and providing training to enhance team capability.- Overseeing end-to-end vendor invoice processing, ensuring adherence to GST, TDS, MSME Act, and Ind AS requirements.- Monitoring vendor ageing, advances, and ensuring timely and accurate disbursements.- Handling escalations, vendor queries, and collaborating with procurement/plant teams.- Ensuring vendor reconciliations, accruals, and open item resolution.- Preparing MIS reports and dashboards on AP KPIs (DPO, ageing, blocked invoices, accuracy).- Supporting statutory and internal audit requirements with AP schedules and reports.- Driving process standardization, automation (OCR, RPA), and continuous improvement initiatives.- Strengthening internal controls and ensuring risk-free AP operations.You will also be required to liaise with procurement, treasury, operations, and auditors for smooth functioning of AP and support month-end and year-end closing activities. Key Interactions:- Stakeholder Engagement- External Agencies- Internal Communication- Auditors- VendorsExperience required: 5 years As an employee at Welspun, you will play a crucial role in managing the Accounts Payable (AP) function. Your responsibilities will include:- Overseeing end-to-end vendor invoice processing, including PO/Non-PO, 2-way/3-way match.- Ensuring compliance with GST, TDS, MSME Act, and input tax credit rules.- Managing vendor master data accuracy and preventing duplicate invoices.- Addressing vendor queries and resolving disputes in coordination with procurement and plants.- Performing vendor account reconciliations and resolving open items.- Supporting accruals, month-end closing, and preparation of AP-related MIS and schedules.- Ensuring adherence to Ind AS, Companies Act, and internal audit requirements.- Supporting statutory, internal, and GST audits with AP-related data and schedules.- Implementing and monitoring internal controls for AP processes.- Driving process improvement, automation (RPA, OCR, AI tools), and standardization across entities.- Ensuring SLAs, KPIs, and accuracy levels are met.- Leading, mentoring, and motivating the AP team in a Shared Services environment.- Allocating work, monitoring performance, and ensuring service quality.- Acting as an escalation point for vendor, business, and auditor queries.Additionally, your role will involve:- Allocating workload, monitoring performance, and providing training to enhance team capability.- Overseeing end-to-end vendor invoice processing, ensuring adherence to GST, TDS, MSME Act, and Ind AS requirements.- Monitoring vendor ageing, advances, and ensuring timely and accurate disbursements.- Handling escalations, vendor queries, and collaborating with procurement/plant teams.- Ensuring vendor reconciliations, accruals, and open item resolution.- Preparing MIS reports and dashboards on AP KPIs (DPO, ageing, blocked invoices, accuracy).- Supporting statutory and internal audit requirements with AP schedules and reports.- Driving process standardization, automation (OCR, RPA), and continuous improvement initiatives.- Strengthening internal controls and ensuring risk-free AP operations.You will also be required to liaise with procurement, treasury, operations, and auditors for smooth functioning of AP and support month-end and year-end closing activities. Key Interactions:- Stakeholder Engagement- External Agencies- Internal Communication- Auditors- VendorsExperience required: 5 years

Keyskills :
Invoice ProcessingComplianceVendor ManagementReportingAuditProcess ImprovementAutomationTeam LeadershipTeam ManagementReconciliationsControls