Accounts Payable Executive

Fulcrum Pvt Ltd is seeking a detail-oriented and efficient Accounts Payable Executive with at least two years of experience in handling invoice processing and accounts reconciliation. This role requires a professional familiar with ERP systems, specifically SAP Accounts Payable Module, Oracle Accounts Payable, and SAP FI-AP. The ideal candidate will have a solid background in managing accounts payable functions within the pharmaceutical industry, adhering to stringent industry standards and financial procedures. This position does not involve managing a team but focuses on accurate and timely processing of financial transactions to maintain strong vendor relationships and support organizational financial health. In this role, the Accounts Payable Executive will be responsible for coordinating the entire accounts payable process, ensuring compliance with company policies, and resolving discrepancies. The position demands strong analytical skills, attention to detail, and the ability to work efficiently under deadlines. Candidates should demonstrate expertise in using ERP systems for financial transactions and possess a thorough understanding of pharmaceutical industry requirements and documentation standards. The successful candidate will contribute to the smooth operation of the finance department by executing tasks with accuracy and professionalism.
Responsibilities
 

• Process and verify invoices for payment in adherence to company policies and timelines.
• Perform accounts reconciliation to ensure all vendor statements and accounts are accurate and up to date.
• Utilize SAP Accounts Payable Module, Oracle Accounts Payable, and SAP FI-AP to manage financial data and transactions within the ERP system.
• Maintain compliance with pharmaceutical industry regulations and standards throughout all accounts payable activities.
• Coordinate with vendors and internal departments to resolve any discrepancies or issues related to payments or invoicing.
• Prepare and process payment runs including cheque requests, electronic payments, and bank transfers promptly and accurately.
• Audit accounts payable transactions for accuracy and proper documentation before processing payments.
• Maintain organized records of all accounts payable documents, including invoices, payment confirmations, and correspondence.
• Support month-end and year-end closing activities by providing necessary reports and reconciliations.
• Identify opportunities to improve accounts payable processes to enhance efficiency and accuracy.
• Assist with financial audits and provide required documentation and explanations related to accounts payable.
• Collaborate with finance and procurement teams to ensure alignment of purchase orders, invoices, and payments.
• Monitor vendor accounts to ensure prompt resolution of billing issues and discrepancies.
• Ensure timely submission of tax-related documents and compliance with applicable tax laws relevant to accounts payable.
• Adhere to internal controls and financial policies to safeguard company assets and ensure accurate financial reporting.