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Accounts Payable Jobs

The financial sector in India has witnessed rapid growth in recent years. With businesses in the country proliferating, it is only natural that demand for skilled accounting professionals is on a rise. A primary part of the finance function is accounting, the foundational stone of a financially robust organisation. With a growth in the finance sector, accounts payable jobs are being created in large numbers. Moreover, growing reforms in business and taxation are encouraging companies to invest in stringent accounting practices to maintain books in accordance with prescribed guidelines and regulations.

The accounts payable function is one crucial to ensuring the financial integrity of an organization, prevent fraud, and ensure timely payments to suppliers and vendors. Because a single oversight can result in huge losses for the company, the accounting department is always in need of skilled and sincere personnel. In the past, accounts payable jobs saw workers labouring under manual processes, resulting in business inefficiencies. But with digitization and automation fast taking over the industry, organizations are able to save precious man-hours as workers enjoy higher job satisfaction. Thanks to Artificial Intelligence and Robotic Process Automation sweeping the accounting function, workers are now expected to assume higher-level tasks of skill and intelligence.

Thanks to a spurt in new businesses, there is a rise in demand for accountants in the country. In 2017, Gross National Savings was 30% of the Gross Domestic Product of the country. More than 70% of this amount was invested in the financial sector, providing proof of the industry’s rapid growth. As businesses in the country boom, accounting and accounts payable positions are slated to see a rise.

Find the Best Accounts Payable Vacancies

With a transforming business and taxation landscape, the traditional methods of accounting are fast changing. Consequently, the demand for skilled talent is growing and so are accounts payable vacancies.

Salary trends for the accounting industry point to attractive compensation and growth opportunities. In 2016-17, an entry-level accountant earned a CTC from INR 4.2 - 4.8 lac per annum in the country. A senior accounting professional made INR 25.91 lac per annum in Delhi-NCR while a mid-level manager made INR 12.98 lac per annum, the highest in the country respectively.

Randstad nurtures the aspirations of modern job seekers with end-to-end recruitment support. A leading recruitment consultancy in India, we leverage our 25 years of experience to bring the best accounts payable vacancies to you. Submit your resume today and land the job of your dreams!

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