Lead Associate - Controllership & Finance

About Myntra

Myntra stands as India's top fashion and lifestyle platform, where innovation merges with creativity. As trailblazers in fashion e-commerce, the company is committed to disrupting norms, fostering a culture of bold thinking, agility in execution, and collaborative spirit. Myntra encourages self-expression and continuously strives to expand India's fashion horizon, evolving dynamically since its inception in 2007.

Role Summary

The Lead Associate – Controllership & Finance, also known as the Senior Associate of Accounts Payable, is responsible for managing the complete Procure-to-Pay (P2P) process. Their focus lies in ensuring financial accuracy, operational efficiency, and adherence to regulatory standards through leveraging SAP systems and analytical tools. The role combines accounting expertise with proactive financial risk management to maintain internal control and vendor relationship excellence.

Core Responsibilities

• Manage the end-to-end disbursement lifecycle, overseeing the digitization and processing of large volumes of invoices with strict compliance to tax laws and procurement policies.
• Optimize SAP workflows including advanced 3-way matching routines and resolving discrepancies in invoice processing.
• Collaborate with treasury teams to coordinate payment schedules—both domestic and international—to enhance cash flow management and timely settlements.
• Lead month-end activities, including calculating accruals for uninvoiced liabilities and ensuring all ledger and sub-ledger reconciliations are concluded on schedule.
• Prepare and maintain comprehensive audit documentation to support fiscal transparency during internal and external audits.
• Perform detailed vendor statement reconciliations to detect and address ledger inconsistencies, unapplied credits, and avoid duplicate payment occurrences.
• Serve as a senior liaison for strategic vendors and internal stakeholders to negotiate solutions for disputed charges and manage aged payables effectively.

Required Qualifications & Skills

• 3 to 4+ years of progressive experience specifically in Accounts Payable or Corporate Accounting functions.
• Advanced proficiency with SAP ERP, with strong command over relevant transaction codes.
• Expertise in MS Excel, including complex formulas, Power Query, and data modeling for thorough financial data analysis.
• Educational qualification in Accounting, Finance, Business Administration or relevant fields; undergraduate or postgraduate degrees and Chartered Accountant credentials preferred.
• Comprehensive knowledge of the P2P cycle and how it impacts the General Ledger.
• Strong compliance focus with internal control frameworks such as SOX and adherence to GAAP standards.
• Excellent business communication skills, both verbal and written.

Performance Indicators

• Drive continuous improvements in Days Payable Outstanding (DPO) and reduce invoice processing cycle times.
• Achieve high financial accuracy with negligible month-end adjustments and maintain zero tolerance for duplicate payments.
• Effectively manage vendor account health by minimizing payables aged over 90 days and ensuring all major accounts are reconciled timely.