Payments Manager

Key Responsibilities

• Lead end-to-end payment processing and ensure timely settlement of all approved payments.
• Manage vendor payments, employee reimbursements, salary-related payments, statutory dues, taxes, and other financial transactions.
• Review and authorize payment requests in accordance with company policies and approval matrices.
• Ensure adequate cash flow planning and coordinate with Treasury/Finance teams for payment requirements.
• Monitor bank transactions, payment reconciliations, and outstanding payment items.
• Ensure proper documentation, supporting invoices, approvals, and audit trails for all payments.
• Coordinate with banks and financial institutions for payment-related issues and transactions.
• Ensure compliance with applicable tax, statutory, banking, and internal control requirements.
• Identify and resolve payment discrepancies, rejected transactions, duplicate payments, and reconciliation issues.
• Establish strong internal controls to minimize payment risks, fraud, and financial leakages.
• Monitor payment MIS, ageing reports, cash requirements, and other management reports.
• Coordinate with Procurement, Accounts Payable, Treasury, Tax, Audit, and Business teams.
• Drive automation and process improvements in payment operations.
• Support internal and statutory audits by providing required payment records and documentation.
• Lead, mentor, and manage the payments/accounts payable team.

Key Skills & Competencies

• Strong knowledge of Payment Processing, Accounts Payable and Treasury Operations.
• Excellent understanding of banking processes and payment systems.
• Good knowledge of GST, TDS and statutory payments.
• Strong reconciliation and analytical skills.
• Experience in ERP systems such as SAP / Oracle / Any other relevant tool.
• Good knowledge of MIS, financial controls and audit requirements.
• Strong team management and stakeholder management skills.
• Excellent attention to detail and problem-solving ability.
• Ability to manage high-volume payments and strict deadlines.

Preferred Experience

• Candidates from manufacturing, infrastructure, EPC, construction, FMCG, shared services, or other high-volume payment environments will be preferred.
• Key Performance Indicators (KPIs)
• Payment accuracy and timeliness
• Reduction in payment exceptions and rejections
• Vendor payment turnaround time
• Bank and ledger reconciliation accuracy
• Compliance with internal controls and statutory requirements
• Reduction in duplicate/incorrect payments
• Process automation and efficiency improvements
• Team productivity and SLA adherence Role & responsibilities