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.
