Assistant Manager-Accounts Payable

The posting

Company Overview:

At Sid’s Farm, we are a dedicated D2C brand committed to delivering 100% pure dairy products of the highest quality. Every drop of milk and product we offer embodies our promise of purity, quality, and safety. Founded in 2013 and named after our founder’s son, Sid, our company reflects a father’s commitment to providing the best for families and future generations. What began as a service to a few families has grown into a proud community, now serving over 25,000 families.

Our employees are our greatest Cheerleaders and Assets, and we are committed to fostering a culture of Growth and Development. We provide ample opportunities for professional advancement, ongoing training, and mentorship to help our team members reach their full potential. At Sid’s Farm, we are passionate about ensuring that every product we create meets the highest standards for you and your loved ones. We also create a workplace where our employees can thrive and contribute meaningfully.

We are growing like never before, expanding our horizons in Hyderabad, Bangalore, and a few more locations soon. We are a solid family of 500+ employees looking forward to more Culture Champions to enable our and your growth stories.

Role Summary:

Assistant Manager – Payables

Department: Finance & Accounts

Reporting To: Manager – Finance / Finance Head

Job Purpose

Responsible for managing and controlling the Accounts Payable and payment function, ensuring timely and accurate vendor accounting, effective payment planning, fund utilisation, and strong payment controls.

Key Responsibilities

 Manage the end-to-end Accounts Payable / Procure-to-Pay process, including invoice processing, vendor reconciliation, advances, and ageing.

 Maintain strong control over payments, ensuring proper approvals, supporting documents, and maker-checker controls before release.

 Prepare and monitor weekly/monthly payment plans based on vendor dues, payment priorities, and business requirements.

 Forecast upcoming payment requirements and ensure critical/statutory payments are planned in advance.

 Prepare fund utilisation statements covering available funds, expected inflows, planned payments, and other cash requirements.

 Monitor daily/weekly fund position and utilisation and highlight potential funding gaps to management.

 Prioritise payments based on business criticality, due dates, statutory obligations, and cash availability.

 Review vendor ageing and ensure timely resolution of long-pending and disputed balances.

 Review and supervise the work of the Payables Executives/team, including invoice accounting, reconciliations, payment proposals, and vendor ageing.

 Ensure timely and accurate month-end/year-end payables closure and provide schedules for audit and management reporting.

 Coordinate with Procurement, Operations, Tax, HR, Treasury/Banking, and other teams for timely payments and resolution of issues.

Key KPIs

 Payment accuracy and control

 Timely payment planning

 Accuracy of fund utilization and cash requirement forecasts

 Vendor reconciliation and ageing accuracy

 Timely statutory and critical payments

 Reduction in overdue/long-pending payables

 Timely month-end closure

 Effective review and supervision of the payables team

Ideal Candidate

A finance professional who can control and plan the payables function, not merely process invoices and payments, with the ability to clearly identify what needs to be paid, when it needs to be paid, how much funding is required, and how available funds should be utilized.

Qualification required: CMA Inter/CA Inter

Why Sid’s Farm?

Working at a Farm is fun and not quite literally though. But here we go with all the reasons to help you choose Sid’s Farm as your preferred workplace.

1. Innovative Culture - With a commitment to quality and innovation, you’ll be part of a forward-thinking team that values fresh ideas and approaches with a new vision to act upon. If you’re passionate about high-quality dairy products and ideas, working at Sid's Farm allows you to be part of a team that shares that commitment and creativity.

2. Sustainability Focus: Sid's Farm prioritizes sustainable practices, allowing employees to contribute to environmentally friendly initiatives and feel good about their impact. Visit our Farm to gain a deeper understanding of what we do.

3. Growth Opportunities - As a growing company, there are ample chances for career advancement and professional development, allowing you to evolve alongside the business as you would be handling every nerve of the business. Working in a growing D2C Brand just elevates your learning curve by leaps and bounds.

4. Community Engagement - Sid's Farm actively engages with local communities, providing employees with opportunities to participate in outreach programs and make a difference.

5. Strong Values - The company emphasizes transparency, integrity, and customer satisfaction, fostering a positive and ethical work environment.

6. Doing what you Love - Here you will always end up doing what you love and in a more liberal way. Ideas and actions have no boundaries here as long as you have figured it all out.

How to Apply?

If this role excites you to join our Evolving Journey at Sid’s Farm, we look forward to your addition to our Sid’s Farm family. Interested candidates should submit their resume and a cover letter explaining their experience and vision for growing brand partnerships and communities for our D2C dairy brand.

In the meantime, we invite you to dive into our world by following us on Instagram and LinkedIn. There, you can explore our vibrant community, get a behind-the-scenes look at our farm, and stay updated on all the exciting things happening at Sid's Farm.

Stay updated by checking out our exciting Career Opportunities.