LEAD - FNBP

Function

Finance

Pay Band

M3

Role

Timely processing of invoices, payment processing,
Book closing activities and audit coordination
 Ensure that there are no errors in accounting
invoices in terms of amount, GL account, ITC
treatment, etc
 Ensure that all invoices are approved as per DOA and
have a valid PO/agreement
 Ensure that payment projections are shared within
deadline and payments proposals are run on a timely
basis
 Review and approve SRPs in SRP portal
 Review, post price increases/decreases, monitor the
movement and ensure accurate provisions are taken
for price increase
 Ensure provision is taken for all expenses and price
amendments
 Ensure accurate accounting in proper account heads
as to avoid any reverse entry at the time of
finalisation
 Coordinate with auditors for timely preparing and
sharing of data

Monitoring of bills payable activities and compliances
Ensure payments are made within the timelines
defined for MSME vendors as per MSME Act
 Ensure processing of all vendor invoice in the same
month to get maximum ITC benefit
 Review internal SOPs and ensure processes are
compliant with the same
 Ensuring review of SOPs to build revisions in existing
SOPs and requirement of formulation of new SOPs
 Ensure payments are put on hold as required for
non-compliances like GST returns default, monitor
the payments put on hold and check its status before
every payment cycle
 Ensure deduction of debit amount on account of
Rejection, Warranty, OSP Tax debit, Sale, etc, from
vendor payment
 Ensure vendor payment within 180 days from the
date of invoice and RCM invoices are accounted with
the timelines to avoid non-compliance under GST Act
 Processing of working capital advances to vendors
and subsequent adjustment from vendor accounts.

Internal control and review mechanism
 Review vendor payables and advances analysis and
ensure old aged items are resolved
 Controls on Provision of materials GL heads
 Review of vendor reconciliations and confirmations
 Suggest process improvements to strengthen the
process and reduce NVA


Business Partnering to SS & SC
 Alliance with SS&SC for financial analysis of SCPs to
get early warning signals for better strategy for
business continuity.
 Leveraging both operational and financial outlook
about FTS SCPs
 Identify critical suppliers, obtain their financial data,
update it in the dashboard on a quarterly basis and
regular review of the same.
 Identify and focus on areas of augmentation in
material costs by reviewing SOBs, logistics costs,
alternate sourcing, etc
 Perform benchmarking across vendors to identify
pricing arbitrage opportunities
 Close monitoring of all the cases presented to Pre-
PCM and PCM Meetings.

Innovation, Automation & Digitization
 Benchmarking organizational processes with the
global standards and striving for the improvisation
of the same
 Identifying and implementing creative solutions for
repetitive & manual activities to ensure accuracy &
timeliness
 Deploying the digitization model for Zero touch
accounting incorporating various available tools and tech solutions
 Continuously monitoring the activities on miniscule
level, identifying the scope of improvisation &
standardization and stringently following the project
schedules for its implementation
 Reshaping the way in which financial services are
performed with accuracy and 100% control

A purpose driven role for you

Partnering with Procurement to analyse, review and optimise material cost, close monitoring
of financially troubled suppliers and developing mitigation strategies for identified risk areas
in supply chain. Managing & providing overall direction and guidance to the staff processing
accounts payable and vendor services including maintaining records of amounts owed,
verifying invoices, computing discounts, coding expenses & preparing vouchers.

A Day in the life

A day in life will be around partnering with Procurement to analyse, review and optimise material cost, close monitoring
of financially troubled suppliers and developing mitigation strategies for identified risk areas
in supply chain. Managing & providing overall direction and guidance to the staff processing
accounts payable and vendor services including maintaining records of amounts owed,
verifying invoices, computing discounts, coding expenses & preparing vouchers.

Academic Qualification & Experience

CA or Equivalent Professional
Enriching experience of handling accounts
payable and partnering with procurement
function

Technical Skills/Knowledge

 Analytics, scenario planning, accounting,
SAP, TDS, MSME, GST, advanced excel

Behavioural Skills

Analytical skills, presentation skills,
communication, conflict resolution, time
management, leadership

What will it be like to work for Hero

About Hero