Executive, Finance

Razorpay was founded by Shashank Kumar and Harshil Mathur in 2014. Razorpay is building a new-age digital banking hub (Neobank) for businesses in India with the mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. What started as a B2B payments company is processing billions of dollars of payments for lakhs of businesses across India. 

About the Role:
We are seeking a detail-oriented and organized Accounts Payable Individual to play a crucial role in managing our financial obligations and ensuring the efficiency of our accounts payable processes. You will be responsible for maintaining accurate records, processing payments, and contributing to the overall smooth operation of our finance department, with a focus on utilizing SAP and applying basic accounting principles.

Objectives of this Role:
● Accurately manage and maintain accounts payable records, ensuring timely and accurate processing of invoices and payments.
● Efficiently utilize SAP to process vendor invoices, generate reports, and reconcile accounts payable data.
● Contribute to the streamlining of the accounts payable process by identifying inefficiencies and suggesting improvements.
● Ensure compliance with national and local financial requirements while exercising integrity and confidentiality in financial reporting related to accounts payable.
● Support the broader accounting and finance team with various tasks, leveraging basic accounting knowledge.

Responsibilities:
● Maintain up-to-date accounts payable records, ensuring accurate aging, application of credits, and resolution of discrepancies.

● Process vendor invoices accurately and efficiently within SAP, including data entry, coding, and routing for approval.
● Generate and analyze accounts payable reports from SAP to provide insights into outstanding obligations and payment trends.
● Perform regular reconciliation of vendor statements with our accounts payable ledger in SAP to identify and resolve any discrepancies.
● Assist in the preparation of payment runs and ensure the timely disbursement of funds to vendors.
● Identify and communicate potential areas for process improvement within the accounts payable cycle.
● Support the implementation of any changes or updates to the accounts payable process within SAP.
● Maintain organized documentation related to accounts payable transactions in accordance with company policy.
● Assist with month-end and year-end closing activities related to accounts payable.
● Support other accounting and finance team members as needed, utilizing basic accounting principles.

Required Skills and Qualifications:
● Understanding of basic principles of finance and accounting, specifically related to accounts payable.
● Proven proficiency with SAP for accounts payable processing, reporting, and reconciliation.
● Strong attention to detail and accuracy in data entry and record-keeping.
● Superb time management and organizational skills to manage deadlines effectively.
● Proficiency with basic office software (e.g., Google Drive, Microsoft Office Suite).
● Ability to maintain company and vendor confidentiality.

Preferred Skills and Qualifications:
● Associate’s degree or equivalent with 2-3 years of experience in accounts payable.
● Experience in identifying and driving process improvements within accounts payable.
● Familiarity with other accounting ERP systems (e.g., Tally) is a plus.