Avp - Accounts Payable

Job ID: 28906

Location: Chennai, IN

Area of interest: Operations

Job type: Regular Employee

Work style: Office Working

Opening date: 15 May 2025

**Job Summary**
- Responsible for overseeing Global Accounts payable team in the procure to pay process and it’s metric reporting.
- Direct and review the daily operations of a high-volume accounts payable department. Ensures accurate and timely execution of transactions for PO, and Non-PO invoicing.
- Ensure all tasks related to payments - Processing, checking, paycycles, manual payments, reconciliations etc. are caried out in a timely manner
- Managing the assigned tasks professionally and efficiently as per the Service Level Agreement (SLA) & Department operating instructions (DOI)
- Ensuring that an effective system of financial and operational controls is in place and is working as intended to ensure the accuracy of our vendor and financial records.
- Effectively handle change management post migration of new processes from onshore (from design to delivery) and the change in the organization structure. Manage and escalate risks arising out of transition of new processes.
- To be Responsive to the needs of the Stake-holders at all times, effective and regular communication to be maintained. Trouble shoot any urgent situations along with the team to avoid any service disruptions.
- Monitoring to ensure that the standards of customer service provided by the function consistently meet or exceed the requirements set under the Service Level Agreements agreed with the customers.
- Drive process standardization and best practice sharing across all team. Drive modular thinking around processes that runs on process based organization.
- Participate and support in all Global finance initiatives as launched from time to time (viz., Controls, Reengineering, Training etc.,)
- Prepare Key Performance Indicator (KPI) reports monthly. Generate periodic standard AP Reports including Tops (spend, countries, vendors), Exp/Invoice utilization
- Look for ways and means for continuously promoting forums for employee engagements. Encourage employees on their creativity, learning & development and bring some fun at work.
- Ensuring total Customer Satisfaction by providing quality service that is error free and timely
- Ensuring that a continuous process and efficiency improvement culture is embedded within the function and an established process exists to constantly identify and implement improvement opportunities.
- Work with HR for recruitment, right skilling, compensation survey and attrition management for the unit. Ensure the right talent is attracted and retained for all key roles.
- Ensure robust KRI/KCS controls and checks are in place to manage operational risks in GFS. Ensure the major activities and processes are well documented and that a robust BCP plan is in place. Facilitate tests on periodic basis and provide adequate support to the Department Continuity Co-ordinator.
- Drive continuous improvements and deliver on annual productivity / cost save targets

**Key Responsibilities**
- Adhere to all the policies related to the role GDAM (Group Delegated Authorities Manual) and Group Business Expenditure Standard (GBES).
- Managing the assigned tasks professionally and efficiently as per the SLA & DOI
- Ensuring total Customer Satisfaction by providing quality service that is error free and timely
- To be always Responsive to the needs of the Stakeholders, effective and regular communication to be maintained
- Seamless service delivery of processes migrated to GFS.
- Meet or exceed the service levels agreed with the customers.
- Effective system of financial and operational controls and quality standards.
- Growth of GFS as per plan agreed with the project team.
- Productivity, process improvements initiatives done in GFS.

**Qualifications**
- Graduate / Post Graduate

**About Standard Chartered**
- We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.- Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.- Together we:
- **Do the right thing** and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- **Never settle,** continuously striving to improve and innovate, keeping things simple and learning from doing well, and not s