Job Description:
Objective: Prepare SOP, Policies (jointly with other teams), systems & their effectiveness, Managing KPIs & SLAs
Title: National Manager-PTP
Function: Financial Shared Services
Work Location: Bangalore
Position Overview:
The PTP Lead (Procure-to-Pay Lead) responsible for overseeing and managing the end-to-end procure-to-pay process. The PTP Lead ensures efficient and effective accounts payable operations, leading a team responsible for various activities, from requisitioning to payment, while maintaining compliance with company policies and regulations. This role requires a combination of strong leadership skills, process expertise, and a keen eye for detail.
Key Responsibilities:
Process Management:
- Oversee the entire procure-to-pay process, including requisitioning, procurement, vendor management, invoice processing, and payment.
- Implement and maintain standardized procedures, workflows, and controls to ensure accuracy, efficiency, and compliance.
- Continuously identify process improvement opportunities and drive initiatives to enhance the PTP process.
Team Leadership:
- Lead and mentor a team of PTP specialists, providing guidance, performance feedback, and professional development opportunities.
- Allocate resources effectively to ensure timely completion of tasks and responsibilities.
- Foster a collaborative and positive work environment that encourages teamwork and knowledge sharing.
Vendor Management:
- Collaborate with the vendor management team to establish and maintain strong relationships with key suppliers.
- Ensure compliance with vendor agreements, pricing, and terms to optimize vendor performance and cost savings.
Compliance and Controls:
- Enforce adherence to company policies, internal controls, and regulatory requirements.
- Implement and monitor segregation of duties to prevent fraud and errors within the PTP process.
- Lead internal and external audits related to procurement and accounts payable.
Performance Metrics:
- Define, track, and report key performance indicators (KPIs) and metrics related to PTP processes and team performance.
- Analyze data to identify trends, areas for improvement, and potential bottlenecks.
Stakeholder Collaboration:
- Collaborate closely with cross-functional teams, including procurement, finance, legal, and operations, to ensure alignment of goals and effective communication.
- Address inquiries and resolve issues related to PTP processes from both internal and external stakeholders.
Qualifications and Requirements:
- Chartered Accountant with 10+ years' experience, bachelor's degree in finance, accounting, business, or a related field.
- CA is Mandatory
- Proven experience (7+ years) in procurement, accounts payable, or financial operations, with a track record of progressively increasing responsibilities.
- Strong understanding of end-to-end procure-to-pay processes, best practices, and industry trends.
- Excellent leadership, communication, and interpersonal skills.
- Proficiency in using enterprise resource planning (SAP-ERP) systems, financial software, and Microsoft Office suite.
- Analytical mindset with the ability to interpret data, identify insights, and make informed decisions.
- Attention to detail and commitment to accuracy in financial operations.
- Knowledge of relevant regulatory frameworks and compliance requirements.
- Experience in managing teams and driving process improvements.
- Ability to work in a fast-paced, dynamic environment and manage multiple priorities effectively.
Supervises: Team of Managers, Team Leaders, Executives
Direct Reports: 4 or less
Grade (Internal Reference): Grade
Geographical Scope: Bangalore
Reports To: Head - Financial Shared Services
Key Customers: Suppliers, Employees
Internal Customers: Procurement, Buyers, Leadership Team
External Customers: Travel Desk, Vendors, Suppliers
Travel: 10%
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