Accounts Payable Specialist - Mumbai, India - Fairfest Media Limited

Description

Job Description:

Fairfest Media Limited, the organizer of OTM, TTF, Municipalika and BLTM is an established leader in trade shows in India, with clients from over 60 countries.

We are seeking a dynamic and detail-oriented individual to join our team as an Accounts Payable Executive. The successful candidate will play a crucial role managing the financial obligations of the company by processing, verifying, and reconciling invoices and payments in a timely and accurate manner. They play a crucial role in maintaining positive relationships with vendors and ensuring that all financial transactions are properly documented and recorded.

Key Responsibilities:

• Manage accounts payable processes, including both domestic and international vendor payments, ensuring accuracy and compliance with company policies.
• Facilitate the onboarding of new vendors and maintain comprehensive vendor databases, ensuring all Know Your Customer (KYC) requirements are met.
• Coordinate with banking institutions regarding Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), and online banking transactions to facilitate timely payments.
• Demonstrate expertise in Tax Deducted at Source (TDS) regulations and rates, ensuring adherence to statutory requirements.
• Possess a foundational understanding of Goods and Services Tax (GST) principles to support compliance and reporting obligations.
• Provide assistance during statutory audits, GST audits, and other due diligence processes, contributing to the integrity of financial reporting.
• Utilize proficient skills in Tally software for effective accounting management and reporting.
• Willingness to travel for events and exhibitions as necessary to support business objectives.

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field preferred.
• 2 - 3 years of proven experience in accounts payable roles.
• Strong understanding of accounting principles and practices.
• Proficiency in using accounting software and Microsoft Excel.
• Excellent attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Knowledge of relevant regulations and compliance requirements (e.g., tax laws, SOX).