Senior Manager

4 weeks ago

Mumbai, India Acme Services Full time

Job Description 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.

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