Bank Payments Head

PAKKA

• is looking for a Bank Payments Head who will lead and manage vendor
• payments, banking operations, TDS compliance, reconciliations, cash management,
• and audit support, ensuring timely and accurate transactions with strong
• financial controls, statutory compliance, and process discipline.

Key

Responsibilities

1.

Vendor Payments & Banking

Review

and process vendor payments against approved requests, supporting

documents, and due dates.

Manage

payment processing through authorized banking portals with robust

maker-checker controls.

Verify

beneficiary details, payment amounts, approvals, and supporting

documentation.

Monitor

payment status and resolve failed, delayed, or rejected transactions.

2.

Payment Controls & Reconciliation

Reconcile

payment advice with bank statements and SAP entries.

Identify

and resolve duplicate, excess, failed, or unidentified transactions.

Maintain

exception trackers and ensure timely closure of discrepancies.

Ensure

strong controls to prevent unauthorized or duplicate payments.

3.

TDS Compliance

Ensure

accurate application of TDS sections, rates, thresholds, PAN requirements,

and tax codes.

Reconcile

TDS deductions with SAP, GL, and challans.

Ensure

timely deduction, deposit, return filing, and issuance of Form 16A.

Manage

TDS-related discrepancies, defaults, notices, and documentation.

4.

Vendor Master & SAP Controls

Manage

creation and modification of vendor masters in SAP as per approved

processes.

Verify

vendor KYC, bank details, tax information, and approvals.

Ensure

maker-checker controls and accuracy of withholding tax codes and account

mapping.

Maintain

clean, accurate, and updated vendor master data.

5.

Reconciliation & Cash Management

Reconcile

vendor ledgers, bank/CC accounts, staff advances, and related records.

Investigate

and close long-outstanding, debit balance, duplicate, and unidentified

items.

Ensure

proper authorization and documentation for cash transactions.

Maintain

accurate SAP and supporting records for all cash activities.

6.

Audit & Compliance

Ensure

audit-ready documentation for internal, statutory, and tax audits.

Coordinate

with auditors and internal stakeholders for information, reconciliations,

and supporting documents.

Track

audit observations and drive timely closure and preventive actions.

7.

Stakeholder Management

Coordinate

with vendors, banks, internal teams, and auditors to ensure smooth payment

operations.

Resolve

payment, TDS, and documentation-related queries within defined timelines.

Maintain

confidentiality of financial and vendor information.

8.

Process Improvement

Identify

opportunities to improve payment efficiency, controls, reconciliation, and

compliance.

Leverage

SAP/ERP and automation to reduce manual effort and strengthen process

accuracy.

Ensure

adherence to organizational financial policies and internal controls.

Required

Skills & Competencies

Strong

knowledge of vendor payments, banking operations, TDS, and

reconciliations.

Hands-on

experience with SAP/ERP and banking portals.

Strong

understanding of financial controls and statutory compliance.

High

attention to detail, accuracy, and process discipline.

Strong

analytical, problem-solving, and stakeholder management skills.

Ability

• to manage confidential financial information with integrity.
• Qualification: B. Com/ M. Com/ CA
• Inter/ equivalent qualification. Professional qualification in Finance &
• Accounts will be an added advantage.

3–5

years of relevant experience in Finance & Accounts, vendor payments,

TDS, reconciliation, and audit coordination.

Experience

in a manufacturing or large-scale organization will be preferred.

Hands-on

SAP and banking portal experience preferred.