Accounts Executive

Role: Accounts Executive – Warehouse Accounts

Kindly note that this will be a Work form Office Opportunity

Working Days: 6 days (Monday to Saturday)

Job Description:

The Accounts Executive for Accounts Payable plays a pivotal role in managing the financial

operations of the organization. This position primarily focuses on handling accounts payable

processes, ensuring accurate and timely payments to vendors, and maintaining financial records.

The incumbent is responsible for contributing to the overall financial health and stability of the

organization by efficiently managing accounts payable.

Key Responsibilities:

1. Invoice Processing:

 Receive, review, and process invoices from vendors.

 Verify that invoices are accurate, complete, and in compliance with company policies and

contracts.

 Ensure proper coding and approval for payment.

2. Payment Processing:

 Prepare and process payment batches, including checks, electronic transfers, and ACH

payments.

 Schedule payments in a timely manner to take advantage of discounts and meet payment

terms.

 Reconcile payments with supporting documentation.

3. Vendor Management:

 Maintain positive relationships with vendors and respond to their inquiries regarding

payments.

 Resolve discrepancies or issues related to invoices and payments.

4. Expense Reporting:

 Review and process employee expense reports, ensuring compliance with company policies.

 Reimburse employees for valid expenses in a timely manner.

5. Record Keeping:

 Maintain accurate and organized accounts payable records.

 Prepare and maintain necessary reports for management and auditing purposes.

6. Month-End Close:

 Assist in month-end and year-end closing activities, including accruals and reconciliations.

7. Compliance and Reporting:

 Ensure compliance with applicable accounting principles and regulations.

 Ensure accurate tax withholding (TDS) & GST compliance.

 Assist in the preparation of tax-related documents and reports.

8. Process Improvement:

 Identify opportunities to streamline accounts payable processes and improve efficiency.

 Implement best practices to enhance the accuracy and speed of payment processing.

Key Performance Indicators (KPIs):

1. Invoice Accuracy: Measure the percentage of invoices processed without errors.

2. Payment Timeliness: Ensure that payments are made within agreed-upon terms to avoid late

fees or penalties.

3. Vendor Satisfaction: Assess vendor feedback and maintain positive relationships with

vendors.

4. Expense Report Processing: Monitor the time taken to process employee expense reports.

5. Record Accuracy: Evaluate the accuracy and completeness of accounts payable records.

6. Process Efficiency: Identify and implement process improvements to enhance efficiency

Qualifications:

 Bachelor’s degree in Accounting, Finance, or a related field.

 2+ years of Previous experience in accounts payable or a similar role is preferred.

 Preferred experience in Zoho books / Netsuite (Oracle)

 Attention to detail and accuracy in data entry and record keeping.

 Strong communication and interpersonal skills.

About Truemeds:

Our vision is to make healthcare affordable and accessible to all. We are a technology-driven,

telehealth platform that aims to reduce healthcare expenses multifold and improve healthcare

outcomes by democratizing medicine purchases in India. Truemeds is able to recommend best value

medicines from top 30 pharma brands in India to customers with precise scientific matching and

outcomes history leading up to 70%+ savings for customers!

No one should have to choose between their health and their healthcare costs. With this vision - we

aim to make healthcare affordable and accessible to all. We are a technology driven, tele-health

platform that aims to reduce healthcare expenses and improve healthcare outcomes by

democratising medicine purchase in India. We aim to become the go-to e-pharmacy for the “Smart

consumer” to go for best value medicines.

Founded by Ex-Abbott executives, Akshat Nayyar and Dr. Kunal Wani, Truemeds has witnessed

phenomenal growth in the last 2 years on the back of strong product-market fit and massive organic

demand. We have grown at a phenomenal pace with customer love – 60X growth delivered in the

last 20 months. Headquartered in Mumbai, we are building a kick-ass team which is passionate to

build innovative solutions and willing to go the extra mile to ensure the customer has the best

experience. Truemeds has closed its Series B ($22 Million) funding round led by private equity fund

Westbridge Capital. The funding round witnessed participation from existing investors as well

including InfoEdge Ventures, Asha Impact and IAN Fund. The company plans to utilise the funds to

expand in the domestic market and grow exponentially in the days to come.