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 - Vendors Experience 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 - Vendors Experience required: 5 years