Senior Finance Manager

Position: Senior Manager – Finance (Procure to Pay & Receivables Control)

Qualification: Chartered Accountant (CA)

Experience:

• 5–7 years of post-qualification experience in Finance & Accounts, preferably in FMCG, Beauty & Personal Care, Consumer Products, Quick Commerce, E-commerce, Retail, or D2C businesses.
• Strong experience in Procure-to-Pay (P2P), Vendor Management, Accounts Payable, Customer Receivables, Reconciliations, and Working Capital Management.
• Exposure to Quick Commerce platforms (such as Blinkit, Zepto, Instamart, BigBasket, etc.), E-commerce marketplaces, Modern Trade, and General Trade business models will be preferred.
• Hands-on experience in managing high-volume transactions, invoice processing, customer deductions, claim settlements, channel partner reconciliations, and revenue-related controls.
• Sound understanding of GST, financial controls, statutory compliance, audit requirements, and ERP systems (SAP, Tally).
• Proven experience in leading teams, driving process improvements, automation initiatives, and strengthening financial governance frameworks.

Key Responsibilities

1. End-to-End Vendor Invoice Governance

• Own and oversee the end-to-end vendor invoice lifecycle from receipt to accounting and payment closure.
• Establish controls to monitor invoice processing timelines and resolve bottlenecks impacting accounting and payment cycles.
• Review invoice exception reports and drive timely closure of discrepancies with procurement, warehouse, business, and finance teams.

3. GRN/SRN & Invoice Reconciliation Management

• Monitor invoice-to-GRN/SRN matching status and ensure timely closure of unmatched transactions.
• Drive coordination with procurement, warehouse, supply chain, and business stakeholders for pending receipt confirmations.
• Review aging of pending GRN/SRN cases and implement corrective actions to reduce reconciliation gaps.
• Ensure completeness and accuracy of liabilities through periodic reconciliation reviews.

4. Vendor Payments & Reconciliation Control

• Oversee invoice-wise reconciliation of vendor payments, advances, debit notes, credit notes, and other adjustments.
• Review vendor ledger reconciliations and outstanding balances to ensure accuracy and completeness.
• Validate payment schedules and ensure adherence to agreed payment terms and working capital objectives.
• Escalate and resolve aged outstanding items and reconciliation exceptions.

5. Customer Receivables Management

• Own end-to-end monitoring of customer receivables across Quick Commerce, E-commerce, Modern Trade, and General Trade channels, with invoice-wise tracking of collections, deductions, credit notes, claims, and settlements.
• Review receivable aging, overdue balances, customer deductions, and collection performance across channels and key accounts.
• Monitor platform reconciliations and settlement statements
• Identify, investigate, and escalate exceptions impacting recoverability, revenue recognition, or customer account reconciliation.
• Drive timely closure of disputed receivables and ensure accuracy of customer ledger balances.
• Partner with Sales, Commercial, Supply Chain, and Business teams to improve collection efficiency and reduce overdue receivables.

6. MIS, Controls & Process Excellence

• Review and present periodic MIS on invoice processing, GRN/SRN exceptions, vendor reconciliations, customer receivables, channel-wise deductions, and working capital metrics.
• Develop dashboards and exception reporting mechanisms to improve visibility and decision-making.
• Track KPIs related to invoice processing efficiency, reconciliation accuracy, payment timelines, collections performance, and deduction recovery.
• Lead process improvement initiatives, automation projects, and SOP enhancements to strengthen financial operations and scalability.

7. Audit, Compliance & Risk Management

• Ensure adherence to company policies, financial controls, GST regulations, and statutory requirements.
• Review documentation standards and maintain audit-ready records for all vendor and receivable transactions.
• Coordinate and support internal audits, statutory audits, GST audits, and other compliance reviews.
• Identify process risks and implement corrective and preventive control measures to strengthen governance.