Lead and manage the Expense Processing unit (Accounts Payable) team responsible for vendor claims, rental payments, and employee reimbursements across India.
Ensure timely processing, accuracy, and compliance with organizational policies.
Oversee end-to-end fixed asset activities including capitalization, depreciation, disposal, sale, and transfers.
Ensure accurate fixed asset provisioning for capitalization and depreciation on a monthly basis
Manage monthly expense provisioning for all business units
Review, validate, and post provisions related to fixed assets and depreciation.
Collaborate with the Admin team to reconcile discrepancies identified during physical verification of fixed assets.
Report findings and resolution updates within Finance function.
Monitor, track, and report all General Ledger accounts related to EPU, including advances, liabilities, and routing GLs.
Ensure timely closure of open items and maintain GL hygiene.
Manage month-end and quarter-end and annual closing activities for Accounts Payable and Fixed Assets.
Ensure accuracy of financial entries and timely submission of reports.
Oversee bank reconciliation processes for all EPU accounts.
Drive clearance of aged reconciliation items and ensure proper documentation.
Ensure compliance with statutory requirements related to TDS and GST for all payments and receipts processed through transaction processing.
Adherence to internal and external compliance requirements on Internal audit, JSOX, ISO, etc.
Ensure reporting of critical areas - Outstanding advance both Employee and Supplier, MSME processing delays & NDC to leadership team

Head of Expense Processing

SMFG India Credit

Job Description

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