Payable Executive

Job Description (JD) Accounts Payable Executive / Senior Executive

Location: PHC, Nigeria
Company: Indorama Corporation

Position Summary

We are seeking a detail-oriented and experienced Accounts Payable professional to manage end-to-end vendor payment processes, ensure compliance with accounting and tax regulations, and support financial reporting activities. The ideal candidate will have strong expertise in Accounts Payable functions within a manufacturing environment and hands-on experience with ERP systems.

Key Responsibilities

Accounts Payable Operations

• Process, verify, and record vendor invoices, debit notes, and credit notes accurately and on time.
• Ensure timely payment to suppliers, contractors, and service providers.
• Perform three-way matching of Purchase Orders (PO), Goods Receipt Notes (GRN), and vendor invoices.
• Prepare and execute payment runs through banking channels such as NEFT, RTGS, wire transfers, and cheques.
• Monitor vendor aging and maintain healthy supplier relationships.

Reconciliation & Compliance

• Reconcile vendor accounts periodically and investigate/resolve discrepancies.
• Maintain accurate records of advances, accruals, and outstanding liabilities.
• Ensure compliance with company policies, accounting standards, and internal control procedures.
• Handle GST-related accounting entries, Input Tax Credit (ITC) reconciliation, and purchase-related tax compliance.
• Manage TDS accounting and related statutory requirements as applicable.

Reporting & Closing Activities

• Support monthly, quarterly, and annual financial closing activities.
• Prepare AP schedules, reconciliations, and management reports.
• Assist in statutory audits, internal audits, and tax assessments by providing required documentation and explanations.
• Maintain proper documentation, filing systems, and audit trails for all transactions.

Cross-Functional Coordination

• Coordinate closely with Procurement, Stores, Production, and Finance teams for invoice validation and issue resolution.
• Support process improvements and automation initiatives within the Accounts Payable function.
• Collaborate with internal stakeholders to ensure smooth and efficient payment processes.

Qualifications & Experience

• CA Inter preferred; Bachelor's degree in Commerce, Accounting, Finance, or related discipline.
• 4–8 years of experience in Accounts Payable, preferably within a manufacturing or industrial environment.
• Strong knowledge of GST, TDS, and Indian accounting practices.
• Hands-on experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, Tally, or similar platforms.
• Good working knowledge of MS Excel, including data analysis and reconciliation functions.
• Experience in vendor management and payment processing.

Required Competencies

• Strong analytical and problem-solving skills.
• High attention to detail and accuracy.
• Effective communication and stakeholder management skills.
• Ability to work independently and manage multiple priorities.
• Strong organizational and time-management capabilities.
• Team-oriented approach with the ability to collaborate across functions.

Preferred Industry Background

• Manufacturing
• Petrochemicals
• Chemicals
• Fertilizers
• Process Industries

Experience: 4–8 Years
Function: Finance & Accounts – Accounts Payable
Location: PHC, Nigeria
Employment Type: Full-Time