Manager II , Accounts Payable

Jun 17, 2024
Jun 17, 2024
Work Mode
Full Time
Organization Type
Oversee purchase to pay for 35+ countries with responsibility for accurate, timely and complete processing of all AP transactions, coding to General Ledger and ensure compliance with deadlines, policy and local regulations as required.
  • Develop, and implement policies and procedures related to Purchasing and Accounts Payable. Ensure process compliant with policies procedures issued by corporate regional controllers.
  • Establish partnership with corporate regional function owners, meet regularly to review performance using business and operational metrics (KPIs); highlighting risks, opportunities and ensuring any issues are proactively and timely addressed.
  • Conduct periodic reviews with directs and operations teams, against set targets, understand issues challenges faced, formulate a strategy to overcome challenges
  • Ensure shared service center processes are well documented, aligned with policies procedures approved by finance heads and meet internal or external audit requirements.
  • Ensure department meets month quarter end close requirements timelines. Proper submission of month-end reports that are required to close books.
  • Coordinate with Purchasing and Receiving departments to ensure efficient and accurate purchase order processing, matching, and resolution of discrepancies.
  • Identify areas where process controls can be tightened or where process efficiencies can be implemented. Take action as required to ensure an environment of continuous improvement.
  • Manage the Corporate Card program including Expense Travel / Entertainment program and Purchasing card program.
  • Lead or participate in special projects involving AP and Sourcing initiatives
  • Assist with Sarbanes-Oxley and other compliance requirements. Responsible for the preparation of annual 1099, escheatment and other AP reporting requirements.

  • People Management
  • Hire, train, evaluate, lead and develop Purchasing Accounts Payable staff to achieve results professional development objectives. Delegate work with proper direction and accountability.
  • Set performance expectations during annual reviews and throughout the performance period to ensure goals are met or reset if required.
  • Develop directs through regular one on one coaching using formally agreed development plans and team members during monthly team meetings or on individual basis
  • Identify and groom high performing individuals to take additional roles responsibilities and ensure succession planning for all key positions.
  • Encourage employees to follow industry, function trends, enhance knowledge in systems tools
  • Participate in department compensation planning including performance-based bonus, talent planning based stock award.

  • Strategic Initiatives
  • Build the future shared service center strategy for procure to pay (including sourcing)
  • Lead the process re-engineering and automation efforts for the Procure to Pay function. This will be a key area to look for in the candidate.
  • Prepare existing team members for future change demands staffing new work with existing experienced team members.
  • Participate in project briefing, reviews to learn about project progress and derive actions for Hyderabad team.
  • Investigate and maintain knowledge of current trends in finance shared services. Prepare along with directs / peers strategy to evolve shared service center in to a best in class organization by performing benchmarking, gap analysis and road map to achieve goals.

  • Job Requirements

    The desired candidate for this role will have deep familiarity with finance and accounting in a shared service center and the ability to manage a diverse group of professional and clerical positions.
  • Graduate / Post Graduate in Commerce with Accounting major
  • Qualified Chartered Accountant / CPA or MBA Finance is desirable
  • Must have 12 plus years experience in finance accounting operations, preferably in an outsourced or shared service center environment of which 8 years in a supervisory role.
  • Must have end-to-end experience in managing large operations in Purchase to Pay (P2P)
  • Should have experience of leading automation efforts (including RPA) in the finance accounting processes.
  • Experience in General Ledger Accounting is desirable.
  • Experience in B2B environment where AP works with royalty, inventory vendors
  • Working knowledge of ERP, MS Office applications and other tools relating to Procure to Pay Sourcing.
  • Outgoing personality with excellent verbal written English communication skills, commitment to achieving results.
  • Willingness to be flexible with working hours given the global coverage of this role.

  • Capabilities Talents
  • Demonstrates global business mindset and excellent stakeholder management skills
  • Prioritize work and independently meet multiple deadlines, elevating issues to supervisor whenever required.
  • Operate with high integrity and controllership mindset
  • Effective time management, work prioritization and delegation skills.
  • Ability to be flexible as a member of multiple teams and comfortably across functional areas as well as amongst all levels of management.
  • Excellent organizational and analytical skills. Detail-oriented and thorough.
  • Self-motivated, able to work with little or no supervision, demonstrates initiative, flexibility, teamwork, perseverance, maturity under pressure, and anticipates and resolves problems before they develop.
  • Ability to Lead and manage a diverse team of finance professionals
  • Coach and develop high performing team members

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    Skills: General Ledger Accounting, Erp, Rpa, Time Management, Accounting, Analytical Skills, P2p, Sourcing, Operations, B2b, Teamwork, Leadership, Stakeholder Management, Performance Management, Coaching, Automation, Purchase To Pay, Ms Office, Finance

    Experience: 8.00-12.00 Years