Ensure proper processing of payments to vendors. Making payments within due dates/ Manage receivables within timelines
Making accurate transactions.
Making payments after relevant deductions. ( Penalties, TDS, WCT, ETC .)
The Payable manager has to see that the payments budgeted or non-budgeted. If these are non-budgeted then he has to ensure that corporate approvals are taken before incurring those expenses.
2. To establish Controls in payments.
To see that unwarranted payments are not being processed.
All taxation laws are being adhered to.
Excess payments to be avoided.
To ensure proper accounting site-wise.
3. Generate new Cost Saving initiative.
To think of new processes whereby cost can be saved. ( Dis-continue DD and make RTGS.)
Avoid incurring Late Payment charges in case of EB payments.
4. Development of new processes / methods of payments.
To transform payment process from Cheque to RTGS.
To guide the VHD to process only those invoices with proper backups.
Minimum Educational Qualifications to perform this job
ICWA / CA with 3 years of experience.
MBA in Finance with 7 years of experience.
Knowledge of payment processes
Taxations laws etc.
Skills / Competencies
Should take initiative in developing processes.
Should be persuasive and taker of end to end responsibilities.
Should be a minute observer and a person who can read between the lines.
Should be able to cope up with pressures.
Relevant Experience (Functions, roles, duration)
Telecom experience is preferable.
3 to 4 years of experience in Payable/ Receivables functions.
Experience of handling voluminous data.
Experience : 0 to 3 yrs
Salary : Not specified
Job Location : Chennai
Qualification : B Sc, M Sc
Company Name : Indus Towers Limited
Company Address : NA
Company Profile : Indus’s vision of Transforming Lives by Enabling Communication has set a new paradigm for a networked economy. With 113,490 towers in 15 circles across the country, Indus has the widest coverage in India and has already achieved 237,562 tenancies, a first in the telecom tower industry globally. Indus Towers is an independently managed Company offering passive infrastructure services to all telecom operators and other wireless services providers such as broadband service providers. Incorporated in November 2007, Indus Towers Limited has been promoted under a joint venture between entities of Bharti Group including Bharti Infratel Limited (rendering telecom and tower infrastructure services in India under the brand name Airtel & Bharti Infratel Limited respectively), Vodafone India (rendering telecom services under the brand name Vodafone) and Aditya Birla Telecom (rendering telecom services under the brand name Idea), to render passive infrastructure services to telecom service providers.
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