JOB OVERVIEW:
Manage the accounts payable function with the Global Business Shared Services Team
KEY STAKEHOLDERS: INTERNAL
Business & Corporate Finance teamInternal Audit teamSupply Chain team (mainly the procurement organization)
Other Shared Service Functions
Company employees
KEY STAKEHOLDERS: EXTERNAL
Vendor’s Accounts Receivable teamBankersStatutory Auditors
Reporting Structure
Will report to - Vice President Shared Services
Qualification
Accounting Graduate/Post Graduate with Professional Qualifications like CMA or MBA
Experience
- Relevant post qualification & work-experience of at least 7-10 years mainly in shared services environment, managing large teams.
- In-depth understanding of the payable value stream with relevant experience in management of end to end accounts payable process in SAP environment.
- Proficient in written & spoken English
- Good analytical mind, detail orientation and excellent decision making skills
- Should have the experience of handling functional training for the payables team
- Strong exposure in creating a high performance-driven culture, employee engagement and customer centricity
- Experience of Lean Management principles.
Key Roles & Responsibilities
- Functional Responsibilities:
- Continually assess opportunities to improve the efficiency and effectiveness of the Accounts Payable department and the level of services provided to internal and external clients (vendors).
- Participate as a lead in the development of action plans related to the crucial metrics
- Maintain team’s work engagement by providing on-site guidance and timely identification and remediation of training gaps
- With help of team reporting to the position, take ownership in managing below activities
- Suggest and implement various process, system and people control by leveraging the SAP system and functional knowledge.
- MIS and Reporting
- Ensure monthly MIS as prescribed by corporate finance
- Timely review of key balance sheet and P&L accounts to ensure that the balances stated are accurate, justified and under control
- Quarterly MIS like P&L schedules and variance, Balance sheet schedules and variance including creditors review, advance review, provisions review , GR/IR review with aim to understand the underlying reasons of variations, define actions to be taken for control and implement the action items
- Provide various reports for monthly, bimonthly and quarterly governance calls
- Ensure right provisioning/accruals, tracking of provision knock-offs and provision reversal
- VendorPayments Management
- Ensure a clean book in terms of open creditors with line wise explanation of open creditor
- Generate payment forecast and work with treasury team/site finance for fund management
- Ensure team performs scheduled and ad-hoc payment runs for all Indian and international sites on a timely basis
- Work with banks on any trouble shooting in terms of DAN, LC , Import payments etc.
- Check cases of duplicate payment, advance knock-off misses etc., debit balance cases at the time of payment.
- Oversee the payment team’s communications and interactions with business units/sites to ensure effective and appropriate communication occurs as required.
- Ensure that systems and procedures are in compliance with company policies and applicable regulations.
- Tax Management
- Ensure team is trained in tax accounting related to AP (direct and indirect taxes)
- Review accuracy of the GST accounting and TDS deducted by Invoice processing team
- Ensure timely TDS payments and TDS returns filing
- Right and timely submission related to tax audits
- Guide team on 15CA,15CB, W9 for the international vendors
- Provide right answers to tax team/auditors queries
- Consult on withholding tax while setting up the vendor
- Provide complete details to tax auditors and ensure tax audits are closed on time without any observation
- Monitor and review the demand notices raised by tax department, provide necessary explanation/corrections to ensure timely closure of tax demand notices
- Provide timely information to tax officers in case of any query. Ensure that information is readily available
Qualifications
About UsIn the three decades of its existence, Piramal Group has pursued a twin strategy of both organic and inorganic growth.Driven by its core values, Piramal Group steadfastly pursues inclusive growth, while adhering to ethical and values-driven practices.
Equal employment opportunity
Piramal Group is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, ethnicity, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetics, or other applicable legally protected characteristics.We base our employment decisions on merit considering qualifications, skills, performance, and achievements. We endeavor to ensure that all applicants and employees receive equal opportunity in personnel matters, including recruitment, selection, training, placement, promotion, demotion, compensation and benefits, transfers, terminations, and working conditions, including reasonable accommodation for qualified individuals with disabilities as well as individuals with needs related to their religious observance or practice.
About The Team
Piramal Pharma Limited (PPL) offers a portfolio of differentiated products and services through end-to-end manufacturing capabilities across 15 global facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization; Piramal Critical Care (PCC), a Complex Hospital Generics business, and the India Consumer Healthcare business selling over-the-counter products.PPS offers end-to-end development and manufacturing solutions through a globally integrated network of facilities across the drug life cycle to innovators and generic companies. PCC’s complex hospital product portfolio includes inhalation anaesthetics, intrathecal therapies for spasticity and pain management, injectable pain and anaesthetics, injectable anti-infectives, and other therapies. The Indian Consumer Healthcare business is among the leading players in India in the self-care space, with established brands in the Indian consumer healthcare market. In addition, PPL has a joint venture with Allergan, a leader in ophthalmology in the Indian formulations market. In October 2020, the company received a growth equity investment from the Carlyle Group.Job Info
- Job Identification 9363
- Job Category Shared Services
- Posting Date 08/20/2025, 10:03 AM
- Apply Before 09/22/2025, 10:03 AM
- Job Schedule Full time
- Locations Project : Piramal Agastya, PRL Agastya Pvt Ltd., LBS Marg, Kamani Junction,, Mumbai, Maharashtra, 400070, IN
