Assistant Manager - Accounts Payable

About the Role

IIFL Home Finance is hiring for an Accounts Payable profile in Gurugram. The position supports end-to-end AP operations, vendor governance, invoice validation, payment processing, and audit readiness. The role is structured into two levels: Checker/Reviewer and Data Entry/Inputter, each with distinct scope and expectations.

Company Overview

IIFL Home Finance Ltd. provides housing finance solutions such as affordable home loans, loan against property (LAP), and related mortgage offerings. The organization follows a digital-first approach to speed up and simplify loan processing, improve customer convenience, strengthen operational efficiency, and support financial inclusion across India through technology-led, paperless processes.

Profile A: Accounts Payable Checker / Reviewer

This level is responsible for reviewing and authorizing AP transactions, validating compliance, monitoring vendor master controls, and ensuring accurate payment and audit documentation.

Key Responsibilities - Checker / Reviewer

• Examine vendor creation requests, supporting documents, and foreign vendor compliance requirements before approval.
• Confirm that vendor records are correctly captured in Oracle ERP and aligned with company policy.
• Monitor the vendor approval workflow and ensure it moves through the right authorization steps.
• Perform periodic checks of vendor master data to maintain accuracy, completeness, and consistency.
• Review vendor changes, corrections, deactivations, and reactivations, approving or escalating them with proper justification.
• Validate vendor invoices, capex and opex claims, PO/PR documentation, and employee reimbursement requests for completeness and correctness.
• Check compliance with internal policies, statutory rules, accounting standards, MSME requirements, and foreign payment documentation norms.
• Verify TDS and GST applicability, including coding and tax calculations, as per current legal and organizational guidelines.
• Assess exception and high-risk transactions, coordinate with stakeholders, and close discrepancies before posting.
• Review operator-entered data before system posting and share corrective feedback to reduce errors and rework.
• Oversee payment file preparation and review payment batches before bank upload.
• Place payment holds when discrepancies, missing approvals, or policy violations are identified, and clear them only after conditions are fulfilled.
• Ensure invoices, approvals, payments, and supporting records are properly filed and audit-ready.
• Respond to audit queries with appropriate documentation and verify GL and tax codes against the chart of accounts and statutory rules.

Profile B: Accounts Payable Data Entry / Inputter

This level supports AP processing by capturing vendor and invoice data accurately in Oracle, coordinating on corrections, and maintaining documentation for payment and audit purposes.

Key Responsibilities - Data Entry / Inputter

• Collect and verify vendor documentation, including papers for foreign vendors, based on the required checklist.
• Enter vendor information in Oracle ERP accurately from approved documents and ensure all mandatory fields and formats are completed correctly.
• Support vendor master updates, including MSME-linked vendor records, corrections, deactivation, and reactivation requests.
• Record invoice, PO/PR, and reimbursement details in the system with accuracy and full supporting documentation.
• Apply the correct tax tags such as TDS and GST as directed by the supervisor or checker.
• Process employee reimbursements and travel-related payments in line with company policy.
• Flag mismatches, missing information, and exceptions to the supervisor for resolution.
• Support the checker by implementing reviewed corrections and updates.
• Prepare approved invoices and reimbursements for batch processing in ERP and generate payment files as instructed.
• Apply or release payment holds in the system only when directed and approved.
• Arrange invoices, approvals, and payment records in an organized way for internal and external audits.
• Retrieve and share supporting documents when requested and assist in verifying Oracle coding such as GL, department, and product codes under supervision.

General Requirements

• Hands-on experience with ERP systems, preferably Oracle, across vendor master, AP, and payments modules.
• For the reviewer role, a bachelor’s degree or MBA in Finance, Accounting, Commerce, or CA-Inter is preferred, along with 4 to 6 years of AP and financial operations experience.
• For the inputter role, a bachelor’s degree in commerce, finance, or a related field is expected, along with 3 to 4 years of AP and financial operations experience.
• Working knowledge of TDS, GST, MSME rules, foreign remittances, and other compliance frameworks.
• Ability to handle large transaction volumes in a fast-paced, deadline-driven environment.
• Strong coordination and communication skills for working with procurement, treasury, audit, and other internal teams.
• Experience supporting month-end AP close activities such as cut-offs, accruals, AP-to-GL reconciliation, and reporting, especially for reviewer-level work.
• Good Excel capability, including lookups, pivot tables, filters, validation, and basic formulas.
• For the inputter role, the ability to follow instructions carefully and work collaboratively with team members is important.

Eligibility

Candidates with a B.Com background in Accounting, Account and Finance, or Accounting and Taxation are eligible to apply. The role also mentions finance, commerce, or related educational backgrounds, depending on the AP level.

Additional Information

The job is based in Gurugram, India. The opening is for a full-time Accounts Payable position with responsibilities spanning vendor lifecycle management, invoice control, payment processing, and audit support. No stipend, salary amount, number of vacancies, start date, or application deadline was provided in the source.

Work Environment

The role requires handling time-sensitive transactions, maintaining strong process discipline, and working closely with multiple departments to ensure compliance and operational accuracy.