Executive-Accountant

• Translates the functional strategy into detailed plans in ensuring effective and efficient account payables processes and systems for IDMC
• Ensures timely and efficient payments processing process in line with the applicable statutory / regulatory requirements and internal guidelines resulting in timely payments to vendors
• Sort the physical copy of invoices received according to pre-defined classifications
• File and record the hard copy of the original invoice and the corresponding tax invoice
• Ensure 3-way match in the system with respect to the vendor invoice, purchase order generated and entry at the time of receipt of goods
• Organize for Demand Drafts / Pay Orders from the bank as and when required
• Ensure that all the payments are accounted for appropriately
• Respond to and satisfactorily resolve queries raised by internal and statutory audits
• Ensures match in the systems and accounting books with respect to the vendor invoice, purchase order generated and entry at the time of receipt of goods (ensure all payments are accounted for appropriately)
• Manages payment processes in best interests of the organization; such as advance payments, credit period etc.
• Ensure appropriate statutory deductions in payments made to the vendor
• Arrange for Letter of Credit / Bank Guarantee as per the terms and conditions in the purchase order, where required, after due review and negotiation with the banks
• Continually checks for defaults, issues, deadline failures, reconciliation with bank, and resolves issues if any
• Assists Lead Accounts, Budgeting, Costing & Audit in designing and implementation of accounting policies & procedures in compliance with statutory requirements
• Process request for advances to employees for travelling / other official purposes and coordinate with Support – Reimbursement for its settlements
• Implements standard accounting payable processes across the organization
• Ensures that the financial statements prepared for IDMC are in compliance with generally accepted accounting principles;
• Liaises with other functions to facilitate accounting operations

Verifies that all documents including invoices etc. are received and recorded in adherence with the standard procedure.