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Senior Manager - P2P

Senior Manager - P2P

ConfidentialMumbai
30+ days ago
Job description

Responsibilities :

P2P Process Leadership (Brand Purchase) :

  • Drive and optimize the end-to-end Procure-to-Pay (P2P) process specifically for Brand Purchases.
  • Review the team's day-to-day activities, including invoicing, handling audit requests, conducting analysis, and managing other requests pertinent to the accounts payable process.
  • Oversee payments to ensure adherence to due dates, thereby improving 'Invoice Process on Time' (IPOT) metrics.
  • Ensure timely and effective resolution of all queries raised by vendors.
  • Manage payments and ensure compliance for all Brand Import-related transactions.

Month-End P2P Reporting :

  • Lead and execute month-end P2P reporting activities.
  • Review payable and advance aging reports to identify trends and potential issues.
  • Share monthly cash flow forecasts and daily fund requirements with the treasury team to facilitate liquidity management.
  • Conduct costing and margin validation for all imports and local purchases to ensure financial accuracy.
  • Manage provisioning for purchases and Return to Vendor (RTV) transactions.
  • Ensure accurate restatement of foreign currency for month-end closure.
  • Audit & Compliances :

  • Play a key role in audit and compliance activities.
  • Assist in quarterly and statutory audits, providing necessary documentation and explanations.
  • Ensure timely resolution of issues raised by both statutory auditors and internal auditors.
  • Team Mentoring & Development :

  • Mentor and develop the P2P team, enabling them for independent task handling and ensuring performance meets laid down procedures and expectations. Foster a culture of continuous learning and improvement within the team.
  • Required Skills :

  • Proven experience driving the P2P (Procure-to-Pay) process, specifically for brand purchases.
  • Ability to review and oversee daily team activities related to invoicing, audit requests, and accounts payable.
  • Strong focus on ensuring on-time payments and vendor query resolution.
  • Experience with brand import-related payments and compliance.
  • Proficiency in month-end P2P reporting, including payable / advance aging, cash flow, costing / margin validation, and provisioning.
  • Ability to assist in quarterly and statutory audits and resolve audit issues.
  • Strong mentoring and team development skills, focused on empowering team members.
  • Excellent understanding of accounts payable processes.
  • Strong analytical and problem-solving skills.
  • Exceptional attention to detail and organizational skills.
  • Skills Required

    P2p Cycle, Auditing, Team Mentoring

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