Assistant Manager Finance

Job Title: Assistant Manager – Accounts Payable - CapexFunction: FinanceLocation: HyderabadReports to position: Senior Manager – Finance Band: A4Job Purpose Accounting transactions relating to Capex Vendor invoice processing, capital advances, payments, vendor reconciliations, fixed assets capitalisation & retirement, capital budget tracking, accruals and statutory compliance,physical verification of fixed assets, preparation of schedules, audit handling, accounting of various internal accounting activities in SAP FICO & MM to ensure accurate accounting as per Finance department processes.Job Outline The jobholder as Asst. Manager - Finance & Accounts reports to the Senior Manager - Finance and performs a set of responsibilities – mainly related to vendor invoice processing, payments, vendor reconciliations, fixed assets accounting, physical verification, capital budget tracking, accruals and statutory compliance, accurate processing of transactions, effective controls, MIS preparation and reporting, maintaining hygiene in books of accounts, attending to internal and statutory audits etc. The jobholder needs to be involved in overall management of accounts payable on an ongoing basis including but not limited to the below activitiesOversee fixed assets accounting including capitalization, tagging, disposal, and maintenance of the fixed asset register. Manage and review monthly depreciation run and adjustments. Coordinate and execute periodic physical verification of fixed assets in collaboration with other departments. Monitor CWIP (Capital Work-in-Progress) for ongoing projects, ensure cost capture accuracy, and initiate timely capitalization upon project completion. Track capital expenditures against approved budgets and highlight potential overruns. Capex Vendor invoice processing, capital advances, payments, vendor reconciliations, , project bills accounting and monitoring the project payments fixed assets capitalisation & retirement. Maintaining retention schedules, ensure all payments happen only as per PO terms.Oversee vendor invoice accounting and payment processing in alignment with credit terms and internal SLAs. Ensure 3-way matching of POs, GRNs, and invoices. Coordinate with Procurement and user departments for resolution of issues in invoices.Maintain compliance with applicable regulations such as GST, TDS, and MSME. Periodical vendor reconciliations and obtain balance confirmations.Perform GL reviews for fixed asset transactions. Provide supporting schedules for audit and monthly closing and ensure ledger accuracy and policy compliance. Review cost centre-wise expenses periodically and provide variance analysis.Liaise with the Commercial, Academic, Facilities, and IT teams for invoice clarifications, contract checks, and capex project tracking. Coordinate with vendors and address escalated payment or reconciliation issues.Implement process improvements, automation initiatives, and ensure control effectiveness. Facilitate internal, statutory, and tax audits by preparing reconciliations, schedules, and documentation. The job holder needs to interact with Statutory Auditors and to respond to queries and provide the necessary details. The incumbent is also required to provide guidance and support to the team on an ongoing basis for any issues related to SAP.Job SpecificationKnowledge / Education - /MBA FinanceSpecific Skills - Accounting Payable - Capex, MIS Generation, Reconciliations, Interpersonal skills, Attention to details, SAP Desirable Experience - 5 to 8 yearsS. N, Key Responsibilities, % Time Spent1 Oversee vendor invoice accounting and payment processing in alignment with credit terms and internal SLAs. Ensure 3-way matching of POs, GRNs, and invoices. Coordinate with Procurement and user departments for resolution of issues in invoices. Ensure MSME compliance and prepare MSME return - 25%2 Oversee fixed assets accounting including capitalization, tagging, disposal, and maintenance of the fixed asset register. Manage and review monthly depreciation run and adjustments. Coordinate and execute periodic physical verification of fixed assets in collaboration with other departments. Monitor CWIP (Capital Work-in-Progress) for ongoing projects, ensure cost capture accuracy, and initiate timely capitalization upon project completion. Track capital expenditures against approved budgets and highlight potential overruns. Capex Vendor invoice processing, capital advances, payments, vendor reconciliations, project bills accounting and monitoring the project payments fixed assets capitalisation & retirement. Maintaining retention schedules, ensure all payments happen only as per PO terms. - 35 %3 Perform GL reviews for fixed asset transactions. Provide supporting schedules for audit and monthly closing and ensure ledger accuracy and policy compliance. MIS preparation and reporting. - 20% 5 Implement process improvements, automation initiatives, and ensure control effectiveness. Facilitate internal, statutory, and tax audits by preparing reconciliations, schedules, and documentation - 10 %6 Maintain compliance with applicable regulations such as GST, TDS, and MSME. Periodical vendor reconciliations and obtain balance confirmations. - 10%

Apply Now