Head - Accounts Payable

About the Company

SAEL Group has emerged with a bold vision of establishing world-class renewable assets spanning the solar and waste to energy sectors, with a steadfast commitment to ensuring stable profitability. We are utilizing agricultural waste as fuel to produce renewable power round the clock. We have the largest capacity of waste-to-energy generation. Already making strides in the renewable energy space, we aim to escalate our renewable capacity to 5 GW within the next 4-5 years by adding 100MW of new waste to energy and 600MW of new solar capacity annually. This ambitious endeavor aligns with the Government of India's vision to achieve 500 GW capacity from renewable energy sources by 2030. The SAEL Group is set to embark on a journey that combines organic and inorganic strategies, leveraging marquee investors and partners to realize our vision. At the forefront of this effort is SAEL Industries, the pivotal entity responsible for raising growth capital across various business segments. In addition to its overarching role, SAEL Industries is actively involved in Engineering, Procurement, and Construction (EPC) for the Group's upcoming renewable projects. Furthermore, it takes charge of the Operation and Maintenance (O&M) activities for both existing commissioned projects and those on the horizon. Through a comprehensive approach, SAEL Group is poised to make significant contributions to the Government's renewable energy targets, exemplifying our commitment to sustainable and impactful growth. You can know more about us from our website: https://www.sael.co/

PURPOSE OF THE ROLE

To lead and manage the end-to-end Accounts Payable function for SAEL Industries Limited, ensuring timely and accurate processing of vendor payments, maintaining strong internal controls, and driving process improvements. The role is pivotal in supporting the Treasury Head with cash-flow planning, vendor relationship management, and compliance with statutory and regulatory requirements.

KEY RESPONSIBILITIES

Accounts Payable Operations

• Oversee the complete AP cycle invoice receipt, verification, booking, approval workflow, and payment execution.
• Ensure all vendor invoices are processed accurately within defined TAT and in compliance with company policies.
• Manage and reconcile vendor ledgers, advance balances, and aging reports on a periodic basis.
• Handle debit notes, credit notes, and vendor claim settlements in coordination with procurement and operations teams.

Payment Management & Treasury Support

• Prepare weekly and monthly payment schedules aligned with the cash-flow plan approved by the Treasury Head.
• Coordinate with banks for payment processing (RTGS, NEFT, LC, BG, and other instruments).
• Assist the Treasury Head in daily cash position reporting and fund-flow forecasting.
• Ensure adherence to payment terms negotiated with vendors and flag any deviations.

Compliance & Statutory Requirements

• Support GST compliance input tax credit reconciliation, vendor GSTIN verification, and monthly GSTR-2B matching.
• Coordinate with internal and external auditors for AP-related audit queries and ensure timely closure of observations.
• Maintain documentation in line with companys internal control framework and statutory requirements.

Process Improvement & MIS

• Drive automation and digitisation initiatives within the AP function (e.g., APP, H2H).
• Develop and maintain MIS dashboards covering AP aging, overdue payments, vendor-wise spend analysis, and payment cycle metrics.
• Implement and monitor key KPIs such as DPO (Days Payable Outstanding), invoice processing time, and error rates.
• Identify process bottlenecks and recommend solutions to improve efficiency and accuracy.

Team Management & Stakeholder Engagement

• Lead, mentor, and develop a team of 56 AP professionals; conduct performance reviews and identify training needs.
• Act as the primary point of contact for all vendor queries and dispute resolution.
• Collaborate with Procurement, Operations, Legal, and other departments to ensure seamless P2P (Procure-to-Pay) processes.
• Provide regular updates and escalation reports to the Treasury Head on AP operations and outstanding liabilities.

Qualification

Chartered Accountant (CA) or MBA in Finance Mandatory

Experience

5 10 years in Accounts Payable / Finance operations, with at least 2 years in a leadership role

Industry Preference

Manufacturing / Industrial / Infrastructure / EPC sector preferred

ERP Proficiency

Strong working knowledge of SAP / Oracle / Tally ERP; advanced MS Excel skills

Statutory Knowledge

In-depth understanding of TDS, GST, and other applicable indirect/direct tax provisions

Soft Skills

Strong analytical, communication, and leadership abilities; ability to work under pressure and meet tight deadlines

Equal Opportunity Statement

SAEL is an equal opportunity employer and maintains a work environment that is free from discrimination and where employees are treated with dignity and respect. Employment at SAEL is based solely on an individual's merit and qualifications, which are directly related to job competence. SAEL does not discriminate against any employee or job applicant based on race, ethnicity, nationality, ancestry, genetic information, citizenship, religion, age, gender, gender identity/expression, sexual orientation, pregnancy, marital status, disability, or any other characteristic protected by applicable laws, rules or regulations. We adhere to these principles in all aspects of employment, including recruiting, hiring, training, compensation, promotion, and benefits.