Manager II , Accounts Payable

Employer
Confidential
Location
Hyderabad
Posted
Jun 17, 2024
Closes
Jun 17, 2024
Ref
4736845645
Role
Bookkeeper
Level
Manager
Work Mode
Hybrid
Hours
Full Time
Organization Type
Corporate
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


  • Â

    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