IN_Senior Associate_AP_ Operations COE - Accounts Payable BEST_IFS_Gurgaon

Line of Service:

Specialism:

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At PwC, our people in finance focus on providing financial advice and strategic guidance to clients, helping them optimise their financial performance and make informed business decisions. These individuals handle financial analysis, budgeting, forecasting, and risk management.

In financial operations at PwC, you will focus on managing financial processes and confirming compliance with regulations. You will handle tasks such as financial reporting, budgeting, and risk management.

Why PWC

At PwC, you will be part of a vibrant community of solvers that leads with trust and creates distinctive outcomes for our clients and communities. This purpose-led and values-driven work, powered by technology in an environment that drives innovation, will enable you to make a tangible impact in the real world. We reward your contributions, support your wellbeing, and offer inclusive benefits, flexibility programmes and mentorship that will help you thrive in work and life. Together, we grow, learn, care, collaborate, and create a future of infinite experiences for each other. Learn more about us.

At PwC, we believe in providing equal employment opportunities, without any discrimination on the grounds of gender, ethnic background, age, disability, marital status, sexual orientation, pregnancy, gender identity or expression, religion or other beliefs, perceived differences and status protected by law. We strive to create an environment where each one of our people can bring their true selves and contribute to their personal growth and the firm's growth. To enable this, we have zero tolerance for any discrimination and harassment based on the above considerations.

A career in Finance, within Internal Firm Services, will provide you with the opportunity to help PwC in all aspects of our Finance internal function including financial planning and reporting, data analysis, and assisting leadership with overall strategy. You'll focus on recording and analysing financial transactions, paying and receiving invoices, maintaining financial statement ledger accounts, and preparing analysis and reconciliations of bills to detect fraud.

Responsibilities:

P2P manager acts like a face for all Accounts Payable process related matters. This role is entrusted with large responsibility to evaluate and make improvements in the AP process, ensuring it complies with organization accounting policies, applicable laws and regulations.

Ensuring Timely and Accurate processing

• Act as responsible for smooth functioning of end to end AP Process
• Ensuring AP process adhere to Contracting, Purchasing, Invoicing, GRN
• Ensuring higher penetration of Contracts and PO%
• SLA adherence to vendor payment terms

Outcome Based Metrics related to Vendors

• Improving % of Supplier Invoices Paid on Time ( as per terms/ as per organization policy)
• Improving Weighted Average Payment Terms

Financial Metrics

• Reporting and reconciliation of Financial Numbers originating from AP ( Liabilities, Prepayments, Accruals, Provisions, Expenses,Taxes)
• Accurate and Timely creation and socialization of Key Schedules and Reconciliations
• Manage cross functional relationship for other departments like Treasury, GL ,Tax & Internal Audit

Support AP lead in driving the agenda of Modernization of Accounts Payable Function :

• Identification and requirement gathering towards Automations and Digitization of End to End Process
• Ensuring timely implementation of touchless processing for various Sub Processes
• Transparent and Measurable allocation of work among team members

Demonstrating People Leadership

• Identifying training needs for upskilling team members
• Ensuring there is fair and equitable measurement of performance
• Helping team develop futuristic skills
• Encourage team members to promote Finance Culture

Key outcomes which have direct impact on the performance of the P2P Lead are:

Supervision and controlling various processes and sub processes within Accounts Payable & AP-Billing functions Managing 100% SLA compliances in all the sub-processes Ensuring 100% adherence to regulatory and internal process compliances for Finance including tax compliances Monitoring Measuring and reporting efficiency and productivity of the process. Publishing weekly / Monthly reports / dashboards to on various areas related to payable functions Exploring and driving implementation of possible automation and enhancements (Process & System) Green audit reports for internal / external audits in related processes and controls Special focus on cash flow and financial health of the process Timely management of escalations and exceptions within the defined policies of the firm Ensuring increase transparency, efficiency, and service quality of accounts payable processes Providing training to business/customers on Finance AP processes Identifying Learning and development and needs within team and imparting (self/through moderator) relevant trainings for development of AP team 100 % adherence to RCSA and KQI Special focus on GST, MSME and TDS compliances as they are non-negotiable MSME vendor payments to be monitored with extra attention, target is zero non-compliances for the firm Ensuring 100% balance confirmation from all the vendors High Priority to the customer centricity

Key Interfaces & Relationships support to AD which this role will have to manage are:

Chief Financial officer Financial controller AP Lead Other key process leads LoS Ops Leaders Partners Engagement Team

Interface with Finance controller along with AP Lead

• Monthly connect with AP Lead & Financial Controller to discuss the process health
• Sharing update on progress or development areas for the team members
• Timely completion of Audits & Discussion on audit outcome and key component emerging out of the audit observations with AP Lead & Financial Controller

Interface With Finance Leaders

• Regular reporting on the AP processes
• Fund Planning
• Discussion on key areas of improvements and non-compliances related to Tax/MSME/Payment Terms/SLA etc.
• Reporting & Discussion on health of the specific process
• Taking key problem area for AP/ Finance and working on solving them
• Understanding the pain point of the business and working towards ease of doing business

Mandatory Skill Sets:

• Accounts Payable
• P2P

Preferred Skill Sets:

Years Of Experience Required:

Education Qualification:

Degrees/Field of Study required:

Required Skills:

Optional Skills:

Accepting Feedback, Accepting Feedback, Accounting Policies, Accounting Practices, Active Listening, Analytical Thinking, Balance Sheet Analysis, Budgetary Management, Cash Flow Analysis, Communication, Creativity, Embracing Change, Emotional Regulation, Empathy, Escalation Management, Financial Budgeting, Financial Close Process, Financial Data Mining, Financial Forecasting, Financial Management, Financial Policy, Financial Reporting, Financial Statement Analysis, Generating Financial Reports, Inclusion + 9 more