Job ID : 1843

About Company

An Indian Multinational educational technology company headquartered in Noida, Uttar Pradesh and founded in 2020. It became a unicorn in June 2022 after raising $100 million at a valuation of $1.1 billion.

It is an EdTech startup, an e-learning platform that offers quality learning experiences at an affordable cost. This startup provides lectures and solutions on various subjects for students between classes 6 and 12, JEE, NEET, and various other entrance exams. It presents both live and scheduled lectures along with doubt-solving sessions, and structured materials and helps students evaluate themselves through tests.

Started as a YouTube Channel, as of today, has mentored over 6 million students and has over 13,700 video lectures on its platform. Offering both free and paid batches, it has gained the reputation of lakhs of students through experienced and quality coaching.

Job Description

Job Summary:

An Accounts Payable Specialist plays a critical role in managing a company's financial transactions by ensuring that all vendor invoices and expenses are accurately processed and paid in a timely manner. This position requires a strong understanding of accounting principles, attention to detail, and the ability to work efficiently in a fast-paced environment. Below is a job description for an Accounts Payable profile:

Key Responsibilities:

1. Invoice Processing:
   • Review, validate, and process vendor invoices accurately and efficiently.
   • Verify that invoices match purchase orders and receiving documentation.
   • Ensure proper coding and approval of invoices before payment.
2. Vendor Communication:
   • Maintain effective communication with vendors regarding invoice discrepancies or payment issues.
   • Resolve vendor inquiries and discrepancies promptly and professionally.
3. Payment Processing:
   • Prepare and process electronic payments (e.g., checks, ACH transfers).
   • Monitor payment due dates to ensure timely payments to vendors.
4. Expense Reimbursement:
   • Process and reconcile employee expense reports, ensuring adherence to company policies.
5. Record-keeping:
   • Maintain accurate and organized records of all accounts payable transactions.
   • Reconcile accounts payable sub-ledger to the general ledger.
6. Month-End Closing:
   • Assist in month-end and year-end closing processes, including journal entries and accruals related to accounts payable.
7. Compliance and Reporting:
   • Ensure compliance with company policies and accounting regulations.
   • Prepare and provide reports on accounts payable aging and other relevant metrics.
8. Vendor Relations:
   • Establish and maintain positive relationships with vendors to ensure smooth business operations.

Qualifications:

• Bachelor's degree in Commerce (B.Com), or equivalent.
• For advanced roles and greater responsibilities, a Chartered Accountant (CA) or Chartered Accountant Inter (CA Inter) certification is preferred.

Key Skills and Competencies:

• Strong understanding of accounting principles and practices.
• Attention to detail and accuracy in data entry and record-keeping.
• Proficiency in using accounting software and Microsoft Excel.
• Excellent organizational and time management skills.
• Effective communication and interpersonal skills.
• Ability to work both independently and as part of a team.
• Knowledge of tax regulations and compliance related to accounts payable.
• Problem-solving skills to resolve invoice discrepancies and payment issues.
• Familiarity with financial and ERP system SAP is a plus.