Accounts Payable Manager
Job Summary
Position Summary:
The Accounts Payable Manager will lead and oversee end to end Accounts Payable (AP) operations for an insurance organization operating within an offshore shared services environment. This role ensures accurate timely and compliant processing of supplier invoices insurance related service provider invoices (e.g. brokers adjusters TPAs) claims related payments payment runs reconciliations and month end activities. The role requires strong leadership deep operational expertise and the ability to collaborate effectively with global finance claims underwriting procurement and operational teams to support the financial integrity of the business.Location:
Mumbai - IndiaWhat will your job entail
Key Responsibilities
Accounts Payable Operations
- Manage the full AP cycle including invoice processing approvals payment execution and vendor management.
- Ensure timely and accurate processing of highvolume invoices in line with agreed SLAs and compliance standards.
- Oversee AP mailbox management workflow queues escalation handling and resolution of complex AP queries.
- Ensure correct application of tax requirements (GST TDS withholding taxes etc.) on vendor invoices.
Team Leadership & Development
- Lead mentor and develop a team of AP analysts and specialists in an offshore shared services environment.
- Conduct regular performance reviews set KPIs and drive continuous improvement.
- Foster a culture of accountability problemsolving and service excellence.
Vendor & Stakeholder Management
- Serve as the main point of contact for vendor escalations and internal stakeholder queries.
- Build strong working relationships with procurement finance and operations teams globally.
- Ensure timely resolution of vendor disputes and aged items.
Controls Compliance & Reporting
- Maintain strong internal controls and ensure adherence to company policies SOX requirements and audit standards.
- Review and approve AP reconciliations including GR/IR vendor statements and accruals.
- Prepare KPIs dashboards and monthly AP performance metrics for presentation to the Finance Manager.
Process Improvement & Automation
- Identify opportunities to streamline AP processes and drive efficiencies through automation and standardisation.
- Support optimisation of ERP workflows (SAP Oracle Workday NetSuite or similar).
- Lead and participate in transformation initiatives system upgrades and crossfunctional continuous improvement projects.
Disclaimer
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race creed color religious beliefs physical or mental capabilities gender identity or expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand policy extends to all aspects of our employment practices including but not limited to recruiting hiring discipline firing promoting transferring compensation benefits training leaves of absence and other terms conditions and benefits of employment.
Required Experience:
Manager
About Company
Ryan Specialty is an international specialty insurance firm that provides innovative solutions for brokers, agents and insurance carriers.