P2P Section Head

Role Purpose:

The P2P Manager is responsible for overseeing the entire end-to-end procurement and payment lifecycle. This role ensures all payments are correct and legal, manages the bill payment schedule to maintain cash flow, and builds good relationships with vendors by promptly reviewing accounts and resolving any issues.

Key Responsibilities

• 3-Way Matching Excellence:

Enforce and oversee a strict 3-way matching protocol (Purchase Order, Goods Receipt, and Invoice) to ensure all disbursements are authorized and verified.

Investigate and resolve all price, quantity, and tax variances by collaborating with Procurement, Warehouse, and Finance teams.

• Aging Review & Cash Flow Management:

Perform comprehensive weekly reviews of the Accounts Payable Aging Report.

Strategically prioritize payment runs based on due dates, vendor criticality, and available cash flow to minimize late fees and maximize early-payment discounts.

• Vendor Account Reconciliation:

Lead the routine review and reconciliation of Vendor Account Statements against internal ledgers.

Proactively identify and resolve discrepancies, missing invoices, and unapplied credits to ensure an accurate and clean balance sheet.

• Disbursement & Compliance:

Oversee the end-to-end vendor onboarding process, ensuring all mandatory documentation (Tax IDs, banking details, and CR) is verified and accurately recorded in the ERP system.

• Process Optimization:

Monitor and refine P2P workflows within the ERP system to eliminate manual bottlenecks and improve documentation accuracy.

Job Requirements:

• Education: Bachelor’s degree in Accounting, Finance, or Business Administration.
• Experience: 4-8 years of experience in Accounts Payable or Procurement, with at least 3 years in a managerial or supervisory role.
• Technical Skills: Expert proficiency in Tier 1 ERP systems (e.g., SAP, Oracle, or Odoo). Advanced Microsoft Excel skills (Pivot Tables, VLOOKUPs, and complex data analysis).
• Core Competencies: High Attention to Detail: Exceptional ability to spot discrepancies in financial data and statements. Analytical Thinking: Strong capability to interpret aging reports and forecast cash requirements. Communication: Strong negotiation and professional communication skills for interacting with global vendors and internal stakeholders.