Procure to pay - Specialist

Pune - India

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

The PtP Specialist will be responsible for managing end-to-end Procure-to-Pay processes for the India business entity ensuring timely and accurate processing of vendor invoices payments and compliance with internal controls and statutory requirements. The role requires close collaboration with procurement business stakeholders and vendors to ensure smooth operations and continuous improvement.

Key Working Relationships

Monitor Invoice Processing & Validation:
Ensure Team has processed vendor invoices accurately and in a timely manner ensuring compliance with GST TDS and company policies.
Resolve invoice mismatches and coordinate with stakeholders for timely closure.
Import Payments:
Handle documentation and payment processing for import transactions in compliance with RBI and FEMA guidelines.
Coordinate with Treasury and banks for timely execution of import payments.
Review Vendor Master & Data Management:
Ensure team maintain vendor master data integrity and support onboarding processes.
Ensure MDM compliances with internal controls.
Compliance & Controls:
Ensure adherence to MSME compliances audit requirements and statutory regulations.
Understand and ensure compliance related to Merchanting Trade Transaction With Holding Tax GST RCM BoE and ORM Closure etc.
Support internal and external audits with necessary documentation.
Reporting & Month-End Activities:
Prepare reports on invoice aging payment status and vendor queries.
Support month-end closing activities including provisions and accruals.
Proper control over Quarterly reporting and matching Group Supplier balances (D4P)
Stakeholder Engagement:
Collaborate with Procurement Tax Treasury and Business Units to resolve issues and improve processes.
Provide timely responses to vendor freight forwarders and internal queries
Qualifications & Experience:
Bachelors degree in commerce Finance or related field.
5-10 years of experience in PtP or Accounts Payable for a manufacturing industry
Strong understanding of Indian taxation (GST TDS) import payment regulations and compliance requirements.
Proficiency in MS Excel and reporting tools.
Ability to listen understand and respond appropriately.
Self-motivated individual who is proactive and takes initiative.
Analytical and Problem-solving skills.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race religion color national origin gender sexual orientation age marital status veteran status or disability status.

Required Experience:

Unclear Seniority

Key Working Relationships

Monitor Invoice Processing & Validation:
Ensure Team has processed vendor invoices accurately and in a timely manner ensuring compliance with GST TDS and company policies.
Resolve invoice mismatches and coordinate with stakeholders for timely closure.
Import Payments:
Handle documentation and payment processing for import transactions in compliance with RBI and FEMA guidelines.
Coordinate with Treasury and banks for timely execution of import payments.
Review Vendor Master & Data Management:
Ensure team maintain vendor master data integrity and support onboarding processes.
Ensure MDM compliances with internal controls.
Compliance & Controls:
Ensure adherence to MSME compliances audit requirements and statutory regulations.
Understand and ensure compliance related to Merchanting Trade Transaction With Holding Tax GST RCM BoE and ORM Closure etc.
Support internal and external audits with necessary documentation.
Reporting & Month-End Activities:
Prepare reports on invoice aging payment status and vendor queries.
Support month-end closing activities including provisions and accruals.
Proper control over Quarterly reporting and matching Group Supplier balances (D4P)
Stakeholder Engagement:
Collaborate with Procurement Tax Treasury and Business Units to resolve issues and improve processes.
Provide timely responses to vendor freight forwarders and internal queries
Qualifications & Experience:
Bachelors degree in commerce Finance or related field.
5-10 years of experience in PtP or Accounts Payable for a manufacturing industry
Strong understanding of Indian taxation (GST TDS) import payment regulations and compliance requirements.
Proficiency in MS Excel and reporting tools.
Ability to listen understand and respond appropriately.
Self-motivated individual who is proactive and takes initiative.
Analytical and Problem-solving skills.