Accounts Payable Associate
Job Summary
Job Description
This Accounts Payable Associate role at Paytm involves managing all accounts payable and receivable, accounting operations, and daily reconciliation of revenue and expense items. Responsibilities include vendor payment management, planning and driving month/quarter/year-end closing activities, ensuring tax compliance, liaising with stakeholders to resolve vendor issues, maintaining reports, and verifying customs-related documents. The role requires managing a small team and involves procure-to-pay accounting, GL accounting, and fixed assets accounting.
Must have:
- 1-2 years AP experience
- Good accounting knowledge
- Proficient in Excel
- Vendor payment management
- Month-end closing activities
Perks:
- Collaborative environment
- Opportunities for growth
- Impactful role in a large company
2 skills required
Job Details
About Us: Paytm is India’s leading digital payments and financial services company, which is focused on driving consumers and merchants to its platform by offering them a variety of payment use cases. Paytm provides consumers with services like utility payments and money transfers, while empowering them to pay via Paytm Payment Instruments (PPI) like Paytm Wallet, Paytm UPI, Paytm Payments Bank Net banking, Paytm FASTag and Paytm Postpaid - Buy Now, Pay Later. To merchants, Paytm offers acquiring devices like Soundbox, EDC, QR and Payment Gateway where payment aggregation is done through PPI and also other banks’ financial instruments. To further enhance merchants’ business, Paytm offers merchants commerce services through advertising and Paytm Mini app store. Operating on this platform leverage, the company then offers credit services such as merchant loans, personal loans, and BNPL, sourced by its financial partners.
About the Team: Finance Team is responsible for allocating resources, creating economic forecasts, reviewing opportunities for equity and debt financing, and other functions within your organization.
About the Role: The role includes managing all account payables and receivables, accounting operations, and Daily work of Reconciliation of Revenue & expense items. Managing a small set of team and Vendor Management.
Expectations/ Requirements:
1. Handling the accounting functions such as Procure to Pay accounting, GL accounting, Fixed Assets accounting, reporting, reconciliations, etc.
2. Vendor payment management: - Should be well versed in vendor payment management.
3. Planning & driving month/ quarter/ year-end accounts closing activities within agreed timelines.
4. Ensuring Compliances of direct/indirect taxes along with all required approvals as per the company's policy.
5. Liaising with various internal stakeholders or business users for settlement of vendor advances, timely clearance of vendor payments, and resolving their issues.
6. Maintaining and extracting reports/MIS at Cost center/Profit Center level.
7. Verification/Vouching of custom-related documents: - Bill of entry, Bill of Lading or Airway Bill, import license, Letter of Credit or LC, etc.
Superpowers/ Skills that will help you succeed in this role:
1. Minimum experience in Accounting is 1 year-2 year in the Payable domain.
2. Should have good knowledge of Accounting entries
3. Must have worked in Excel.
Education: B.com
Why join us ? : A collaborative output-driven program that brings cohesiveness across businesses through technology Improve the average revenue per use by increasing the cross-sell opportunities solid 360 feedback from your peer teams on your support of their goals Respect, that is earned, not demanded from your peers and manager.
Compensation: If you are the right fit, we believe in creating wealth for you with an enviable 500 mn+ registered users, 21 mn+ merchants and depth of data in our ecosystem, we are in a unique position to democratize credit for deserving consumers & merchants – and we are committed to it. India’s largest digital lending story is brewing here. It’s your opportunity to be a part of the story!
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