Assistant Manager-Finance (Accounts payables)

Assistant Manager- Finance (Accounts Payables) Locus.sh is a technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions. We are building The World's Best Dispatch Management Platform in Final Mile. Our smart supply chain solutions provide end-to-end visibility and enable enterprises to enhance their operational efficiency by reining costs, streamlining the customer experience, and reducing environmental impact. Headquartered at Bangalore, India, we have offices present across, North America, South East Asia, EU. We are a 300+ strong team and growing rapidly. With a strong base of investors, GIC, Singapore’s sovereign wealth fund, Qualcomm Ventures LLC, Tiger Global, Falcon Edge, Blume Ventures, pi Ventures, and others., Locus has raised around $80 million across multiple rounds. Locus’ scalable solutions include route optimization, real-time tracking and analytics, sales beat optimization, territory planning, vehicle allocation and network design. Our future-ready platform has resulted in $150 million+ savings in logistics costs, 70 million+ kilometer reductions in distance traveled, and 17 million+ kilograms reduction in GHG emissions across clients like Nestle, Mondelez, Unilever, BigBasket, Bluedart, Bukalapak, The Tata Group, and many others.The company powers deliveries across North America, Europe, Southeast Asia, Middle East, ANZ, and the Indian Subcontinent. Backstory: The journey of Locus from being a women’s safety application to a leading logistics optimization platform, is an interesting one. In 2015, Nishith Rastogi and Geet Garg developed RideSafe, a women’s safety geo-tracking app to track deviations from pre-defined ride routes. It was soon adopted by food tech companies to track deviations of their delivery staff. This gave Nishith and Geet material insight that there was clearly a lack of a decision-making system in logistics. This realization was the pivotal foresight that led to the building of Locus, an end-to-end dispatch planning and route optimization platform for supply chain enterprises.From 2015 till date , Locus has grown by leaps and bounds, with a clear focus on innovating consistently Key Milestones: July 2015 - Locus was born in a 2 BHK studio apartment in Peenya, Bangalore and registered as MARA Studios Pvt Ltd. We raised our Series A round funding from Exfinity Ventures and GrowX Ventures and we launched the Dispatch IQ and TrackIQ products. By 2018, we were a team of 100 and we reached 10 million successful customer orders. We raised our Series B in 2020 funding led by Falcon Edge and Tiger Global, we also open our South East Asia office in Jakarta, Indonesia, Berlin in Europe and California in the USA Our team grew to 200 in 2020 and, we opened offices in UK, Vietnam and Singapore We raised our Series C funding of USD 50 mil led by investors GIC and Qualcomm Ventures Locus gets recognised twice in a row for the Representative Vendor in the latest edition of the 2022 Gartner® Market Guide for Supply Chain Network Design Tools Role: Assistant Manager- Finance (Accounts Payables) Location: Bangalore Roles and Responsibilities In this role, you will be responsible for all the activities related to procure to payment which include but are not extensive: • Lead end to end Accounts Payable process (Setting up vendor onboarding process, vendor payments and reporting of PL and BS items for AP ). • Manage external teams and review their tasks related to reporting, approval or evaluation of the expenses and AP data. • Reconcile accounts payable on a periodic basis and follow up with vendors for balance confirmations. • Monthly book closure for all entities – review of PL and BS and other MIS schedules under IGAAP and IFRS for AP and Treasury. • Prepare MIS – Consol PL based on correct cost centre and GL mapping. • Treasury management- prepare weekly cash movement and monthly cash flow statements (direct method) and analyse reason for movement. • Set robust policies and practises for employee reimbursements/ claims. • Ensure timely closure and completeness of accruals/provisions for all costs at month end by liaising with respective business owners. • Track budget Vs actuals before any payments are made. • Automate both vendor payment and employee reimbursement process to ensure adequate checker delegation of authority is system. • Have a central repository of NDA, DPA, vendor contracts, quotations and invoices. • Ensure TAT of 24 hours for all vendor escalations/ employees reimbursements related queries. • Ensure payment of 100% vendors on/ before due dates. • Independently handle audit requests for AP, expenses, provisions, employee reimbursements, Travel cost and Treasury. • Harmonize with the Accounting team and internal partners to resolve issues of cost centre mapping, GL Classification, any GST/TDS related issues. • Support the metrics reporting for the relevant process • Conduct sessions with business owners to explain the procurement /payment process. Desired Candidate Profile • Minimum 3+ years of specific experience in procurement to pay and book closure activities. • Good Communication skill and the ability to engage with vendors and cross functions business stakeholders in relevant discussions • Proficient in MS Office applications, especially in MS excel (V Look up/ Pivots is a must) • Proficient in using QuickBooks (our accounting Tool) and ZOHO is a must • Knowledge of IFRS /Ind AS is an added advantage. • Having knowledge of Finly/Zoho expenses and other similar vendor payment/employee reimbursement tools is an added advantage. • Familiar with TDS and GST implications on vendor payments/ ineligible credits/ Rate of TDS applicable/ RCM etc. • Good analytical and problem solving skills and ability to handle team and client discussions Key Skills: Invoice Processing, Accounts Payable, Procure to payment, books closure Education- B Com (H)/ Semi qualified CA with 5-6 years of experience Life at Locus comes with added benefits as well: • Locus Energise -our wellness initiative for our team provides - unlimited cashless in-clinic consultations, access to more than 2000+ gyms, cult fitness studios & sports facilities, Telehealth support, pre-recorded fitness videos & mindfulness podcasts, via an app-based access. • A comprehensive Health Insurance policy that covers you and also your loved ones • Continuous learning and development programs, focussed on cross-cultural interactions and individual skill building • Flexible work hours - we believe in getting the work done , and most teams choose their cadence of work coordination and hours to do inter-team collaboration as well as deep focus individual work • No leave restrictions(you manage your own leaves) • We are committed to sustainable practices and one of the many ways we do our share is by incentivising team members who stay close to the office! Pedal or Walk your way to the office and earn extra bucks with a healthier you! • With all of that and a cool office space in the heart of Bangalore, that offers healthy catered meals, a fully functional gym, enjoy a game of snooker or table tennis, and a fully functional hardware lab for your tinkering projects