Financial Process Manager

3 weeks ago

Hyderabad, Telangana, India ProArch Full time

ProArch is a global technology services provider and an emerging leader in Cloud Solutions, Data and AI, Cyber Security and Software Quality Assurance.

We are seeking a highly skilled Accounts Payable Specialist to play a key role in our global finance team.

Key Responsibilities:

  • Process Management: Define and implement accounts payable processes for accuracy of invoices, payments, and expense reports.
  • Financial Close: Ensure timely and accurate completion of month-end and year-end financial close.
  • Financial Planning: Develop and maintain effective financial planning processes, including budgeting, forecasting, and financial analysis.
  • Collaboration and Communication: Foster collaboration and communication within the global finance team to ensure successful implementation of standardized processes.
  • Internal Controls: Implement and maintain internal controls to ensure compliance with financial regulations and company policies.
  • Process Standardization: Create a unified process for managing AP across all regions to improve efficiency and consistency.
  • Vendor Contract Management: Simplify and standardize vendor contracts to reduce complexity and enhance compliance.
  • Process Automation: Automate AP processes to increase efficiency, reduce errors, and free up staff for more strategic tasks.
  • Cost Reduction: Reduce AP costs through improved processes and automation.
  • Payment Terms Optimization: Optimize payment terms to improve DPO without damaging vendor relationships.
  • Risk Mitigation: Mitigate risks such as non-compliance, fraud, and vendor instability.
  • Integration and Support: Ensure readiness to quickly integrate AP processes into newly acquired organizations in case of M&A.
  • Financial Analysis and Insights: Support the CFO and executive team in strategic decision-making by providing financial analysis and insights.
  • Global Reporting: Timely preparation and analysis of global reports.

Requirements:

  • Education: Chartered Accountant (CA) degree/MBA Finance/Equivalent degree in Finance, Accounting or related field.
  • Experience: Minimum 8 years of experience in accounting and financial planning.
  • Accounts Payable Knowledge: Strong knowledge of accounts payable processes and best practices.
  • Netsuite and Automation: Exposure to Netsuite would be a definite plus. Experience in implementing automation would be an added advantage.
  • Financial Analysis and Forecasting: Experience in financial analysis and forecasting.
  • Financial Regulations and Compliance: Excellent understanding of financial regulations and compliance.
  • Financial Software and MS Excel: Proficiency in financial software and MS Excel.
  • Leadership and Team Management: Ability to manage and lead a team.
  • Analytical, Problem-Solving, and Communication Skills: Strong analytical, problem-solving, and communication skills.
  • Attention to Detail and Accuracy: Attention to detail and accuracy.
  • Ability to Work in a Fast-Paced Environment: Ability to work in a fast-paced and dynamic environment.
  • CPA or CMA and Six Sigma Certification: CPA or CMA, Six Sigma certification is a plus.

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