Accounts Payable Manager

Accounts Payable Manager (SAP) Sturlite Electric

Bangalore / Karnataka | Full-time | On-site

About Sturlite Electric

Sturlite Group is a diversified Indian business group operating across multiple high-growth verticals including Electrical Products (Sturlite Electric), Solar & Renewable Energy, Healthcare, EPC/Projects, and Manufacturing . The Group functions through multiple Private Limited entities under a structured corporate umbrella, enabling scale, operational strength, and focused leadership across each business line.

Sturlite Electric , headquartered in Bangalore , is a fast-growing electrical products company offering a wide range of solutions across lighting, LED products, electrical switches, switchgears, distribution boards, wires, and cables . Established in 2009 , the company began with industrial cables and expanded into LED lighting in 2014, building a strong presence across both residential and commercial segments . Today, Sturlite Electric operates through a robust pan-India distribution ecosystem across 25 states , supported by 16,000+ dealers , making it one of the strongest networks in the category.

Role Overview

We are hiring an Accounts Payable Manager to lead and manage the end-to-end Accounts Payable function for a trading/manufacturing setup. The ideal candidate will have strong leadership exposure (minimum 7 + years of experience with 3+ years of proven leadership experience ) and a proven track record of running an efficient, compliant, and process-driven AP operation in a high-volume environment.

You will own AP operations including vendor accounting, invoice processing, payment runs, statutory compliance support, audits, reconciliations, and continuous improvements with strong competence in SAP being a mandatory requirement.

Key Responsibilities (End-to-End AP Ownership)

Accounts Payable Operations

• Own the complete AP cycle from invoice receipt validation booking approvals payment processing
• Ensure accurate accounting of:
• Vendor invoices (PO + Non-PO)
• GR/IR clearing
• Freight, logistics, and landed cost invoices
• Debit/Credit notes
• Advances to vendors & adjustment
• Drive timely vendor payments aligned with cash flow priorities and negotiated credit terms
• Manage high-volume invoice processing for trading/manufacturing businesses with multiple locations

SAP Ownership (Mandatory)

• Lead AP execution and controls within SAP including:
• Vendor master coordination (with controls & checks)
• Invoice posting (MIRO / FB60 or equivalent)
• Payment runs and controls (F110 or equivalent)
• Aging reports, GR/IR reconciliation, and open items management
• Ensure accurate mapping of GL codes, cost centers, and tax codes
• Partner with IT/SAP consultants for process improvements, automation, and issue resolution

Audit Handling & Compliance

• Lead internal, statutory, and tax audits , ensuring AP readiness and compliance
• Handle audit queries , documentation, and evidence submissions end-to-end
• Ensure adherence to controls for:
• Invoice authorization and segregation of duties
• GST compliance support (input validation, vendor mismatches, documentation)
• TDS validations and coordination with tax teams
• Maintain strong documentation discipline for audit trails and SOPs

Reconciliations & Month-End Closing

• Manage month-end closing related to AP including:
• Vendor ledger reconciliation
• Balance confirmation management
• Accruals, provisions, prepaid adjustments
• AP aging & reporting
• Intercompany/vendor disputes resolution
• Ensure accurate posting of:
• Accrual entries , reversals, and month-end provisions
• GR/IR matching and clearing
• Foreign vendor accounting where applicable

Vendor Management & Stakeholder Coordination

• Manage vendor relationships for dispute resolution, payment follow-ups, and reconciliation closures
• Coordinate effectively with Procurement, Stores, SCM, Finance, and Business teams for:
• PO matching issues
• Material receipt verification
• Pending approvals and documentation closures
• Implement improvements to reduce vendor escalations and strengthen SLAs

Team Leadership & Process Improvement

• Lead and mentor AP team members ensuring productivity and accuracy
• Drive performance metrics for the AP function:
• Invoice turnaround time (TAT)
• Pending invoice aging
• Duplicate invoice prevention
• GR/IR open items reduction
• Implement SOPs, controls, and AP dashboards
• Identify and execute automation opportunities for a faster, error-free AP process

What Were Looking For

Must-Have Qualifications

Strong hands-on experience managing AP end-to-end in a trading/manufacturing environment

Minimum 7+ years of experience with 3+ leadership experience handling a team and owning AP outcomes

Strong SAP competence (mandatory) practical working knowledge in AP modules and workflows

Proven track record of driving compliance, accuracy, and process improvements

Strong experience in:

• Vendor accounting & reconciliations
• Accruals and provisions
• Payment processing and controls
• Audit handling and audit query resolution

Preferred Qualifications

• Chartered Accountant / MBA Finance / ICWA / M.Com (preferred, not mandatory)
• Experience with high-volume AP, multi-location operations, or dealer-based businesses
• Familiarity with invoice workflows, approval hierarchies, and internal controls

Skills & Competencies

• Strong analytical and problem-solving ability
• High attention to detail and process orientation
• Ability to thrive in fast-paced, deadline-driven environments
• Strong stakeholder management and vendor negotiation skills
• A control mindset with audit readiness focus

Why Join Sturlite Electric?

• Work with a fast-growing Indian electrical products company with strong distribution scale
• Lead a crucial finance function with ownership and authority
• Opportunity to strengthen processes, controls, and automation in a high-impact role