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What are the Key Deliverables in this role ?
Financial Outcomes
- Manage the complete Accounts Payable cycle, including invoice validation, PO matching, approvals, payments, and reconciliations.
- Oversee timely processing of vendor invoices, credit notes, employee reimbursements, and payments.
- Ensure adherence to internal controls, accounting standards, and company policies.
- Monitor AP ageing, open items, and resolve bottlenecks proactively
- Own AP month-end close activities (accruals, GR/IR, reconciliations, cut-off).
- Optimize payment runs to balance early payment discounts and cash-flow needs.
- Ensure tax compliance (e.g., GST/TDS/VAT/WHT/1099) and correct GL coding.
- Monitor and reduce AP ageing, debit balances, and unmatched items.
Customer Service
- Serve as escalation point for vendor disputes, short-pays, and blocked invoices.
- Identify potential sensitive issues and escalate it to the appropriate level
- Publish service dashboards and hold regular reviews with key stakeholders (Procurement, Receiving, Controllers).
- Define and enforce SLAs for inquiry resolution and approvals turnaround
- Accountable for meeting and prioritizing own targets/ deadlines and those of others within agreed standards and procedures
Internal Processes
- Govern global P2P policies (3-way/2-way match rules, tolerances, exception handling).
- Drive standard work, SOPs, and documented controls; ensure audit readiness.
- Implement and maintain automation/workflow tools (e.g., SAP, VIM/OCR, e-invoicing, vendor portal).
- Manage exceptions: price/quantity variances, duplicate detection, blocked invoices.
- Ensure segregation of duties, payment controls, and cyber-fraud prevention.
Innovation and Learning
- Lead CI roadmap (Lean, Six Sigma) to reduce cycle time and manual touches.
- Champion analytics (e.g., Power BI/AP dashboards) and root cause analysis.
- Pilot digital initiatives (AI/ML for OCR, anomaly detection, auto-coding).
- Build team skills: policy, ERP, tax, and stakeholder management.
- Benchmark AP performance; adopt best practices (e.g., e-invoicing mandates by region).
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What are the Critical success factors for the Role ?
- Charted Accountant, Knowledge of SAP Must
- 10 + years of relevant work experience handling AP functions. 3 + Years of experience in a Team lead role
- Strong leadership and people management skills.
- Excellent analytical and problem-solving abilities.
- High attention to detail and strong process discipline.
- Advanced Excel and reporting skills.
- Excellent communication and stakeholder management abilities.
- Ability to thrive in a fast paced, dynamic environment.
What are the Desirable success factors for the Role?
- Good Understanding of India FMCG Business, Taxation and accounting concepts
- Analytical and problem-solving abilities, with a focus on delivering actionable insights and innovative solutions.
- Good communication skills and stakeholder management capabilities
- Familiarity with the consumer goods industry and an understanding of its challenges and opportunities
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