Senior Manager - P2P

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.