Lead Associate

Project Role:

Project Role Description:

Key Responsibilities:

• Manage and oversee the end-to-end Procure to Pay (P2P) process, ensuring smooth and accurate processing of vendor invoices, purchase orders, and payments.
• Review and approve purchase orders, vendor invoices, and payment requests in accordance with company policies and procedures.
• Coordinate with internal teams (Procurement, Legal, and Finance) to ensure that P2P activities align with organizational goals and compliance requirements.
• Ensure accurate and timely payment processing while maintaining a strong focus on cost management and cash flow optimization.
• Lead efforts to optimize and automate P2P processes, identifying opportunities for continuous improvement and efficiency gains.
• Drive finance transformation initiatives within the P2P function to streamline operations, reduce costs, and enhance service delivery.
• Provide support during audits by ensuring that all P2P processes and documentation are fully compliant with legal and regulatory standards.
• Monitor vendor performance and relationships, ensuring the timely resolution of any payment discrepancies or disputes.
• Ensure effective communication with internal stakeholders, such as procurement, operations, and finance teams, regarding payment status and any issues arising in the P2P process.
• Provide training and mentoring to junior team members, promoting skill development and best practices in the P2P function.
• Generate regular reports and dashboards to track performance metrics, highlighting any concerns, inefficiencies, or opportunities for improvement.

Skills Required:

• Strong understanding of Procure to Pay (P2P) process, including purchase orders, vendor management, invoice processing, and payment.
• Experience in finance transformation initiatives, process optimization, and automation.
• Proficiency in using ERP systems (SAP, Oracle, etc.) and Microsoft Office tools (Excel, PowerPoint).
• Knowledge of finance and accounting principles, policies, and compliance regulations.
• Strong analytical and problem-solving skills with the ability to identify and address P2P process challenges.
• Ability to manage multiple tasks, prioritize work, and meet deadlines in a fast-paced environment.
• Excellent communication and interpersonal skills to work effectively with both internal and external stakeholders.

Qualifications:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Professional certifications in finance or accounting (e.g., ACCA, CPA) are a plus.

Experience:

• Minimum of 4 to 6 years of experience in Finance & Accounting, specifically in Procure to Pay (P2P) operations.
• Experience in finance transformation or process improvement initiatives is highly desirable.
• Previous experience working in a global shared services environment would be an advantage.