P2P Executive

Role Summary:

P2P Executive

Key Responsibilities:

1. Procurement Operations

• Assist in creation and processing of purchase requisitions and purchase orders (POs).
  
• Ensure POs are in line with budget approvals and procurement policies.
  
• Coordinate with internal stakeholders to validate purchase requirements and approvals.
  
• Maintain vendor master data and ensure timely onboarding and updates.
  

2. Invoice Processing

• Receive, verify, and record supplier invoices in the system.
  
• Match invoices with POs and goods receipts (3-way matching).
  
• Resolve discrepancies with vendors or internal departments (GR/IR issues).
  
• Ensure proper coding of expenses and adherence to tax and compliance requirements (GST, TDS, etc.).
  

3. Payments & Reconciliations

• Schedule and process vendor payments as per agreed terms.
  
• Reconcile vendor accounts and address payment-related queries.
  
• Support month-end and year-end closing activities related to accounts payable.
  
• Maintain proper documentation and audit trail for all transactions.
  

4. Compliance & Process Improvement

• Ensure adherence to internal controls, company policies, and audit standards.
  
• Identify opportunities for automation or process optimization within P2P cycle.
  
• Support internal and external audits by providing required data and reports.
  

Key Skills & Competencies:

• Strong understanding of

  procure-to-pay cycle

  and accounting principles.
• Experience in

  ERP systems

  (SAP, Oracle, Coupa, etc.) preferred.
• Attention to detail and accuracy in data processing.
  
• Strong analytical, communication, and vendor management skills.
  
• Proficiency in

  MS Excel

  and reporting tools.
• Knowledge of

  taxation (GST/TDS)

  and compliance regulations (if in India or similar jurisdictions).

Qualifications & Experience:

• Bachelor’s degree in

  Commerce, Finance, Accounting, or Business Administration.

• 1–4 years of experience in

  Procure-to-Pay or Accounts Payable

  function.
• Experience in shared services or multinational environment is an advantage.
  

Performance Indicators (KPIs):

• Invoice processing accuracy and turnaround time.
  
• PO compliance rate.
  
• Vendor payment timeliness.
  
• Audit compliance and error rate.
  
• Stakeholder satisfaction score