Associate Accounts Payable

We are seeking an Associate - Accounts Payable in our Finance function who will be responsible for managing endtoend accounts payable operations payment execution vendor management banking operations and compliance. The role works closely with Supply Chain internal departments and external partners (KPMG) to ensure timely payments process adherence and strong financial controls.

Responsibilities:

Accounts Payable & Payment Operations

• Receive review and verify invoices for accuracy completeness and proper authorization particularly for subcontracting charges
• Ensure purchase orders (POs) service entries and GRNs are created and approved in line with Delegation of Authority (DoA)
• Monitor invoice aging track open AP items follow up on pending approvals and clear aged balances
• Execute payment runs and support payment scheduling as per the company calendar
• Issue and deposit checks as applicable
• Track and monitor ontime payment metrics and work with user departments and KPMG to maintain >90% ontime payment performance monthly
• Review payment opportunities to negotiate early payment discounts or higher recoveries from vendors
• Manage vendor queries payment followups and status updates

Vendor & Master Data Management

• Maintain vendor master data and lead vendor onboarding and change requests
• Communicate with vendors and internal stakeholders to resolve invoice discrepancies and deviations
• Work with Supply Chain internal departments and KPMG to resolve PO invoice and payment variances

Banking & Cash Management

• Monitor bank activities and ensure no payments are blocked due to debit filters
• Manage daily banking forecasts and balances with Citi
• Ensure timely intercompany fund transfers to group companies on a daily basis

Financial Management & Controls

• Manage and monitor all intangible asset projects including milestone tracking as per contract terms (past and future milestones)
• Assist in annual Opex budgeting and monthly Latest Estimate (LE) exercises
• Manage and maintain the cost center database ensuring accurate ownership and alignment across departments
• Prepare and support annual 1099 reporting including uploads and circulation
• Maintain organized records of invoices payments and supporting documentation

Closing Compliance & Process Improvement

• Support monthend and yearend close activities
• Ensure compliance with company policies accounting standards SOX and audit requirements
• Provide documentation and support for internal and external audits
• Support continuous improvement initiatives within the accounts payable and payment processes

Qualifications :

Educational qualification: Associates or Diploma in Accounting Finance or a related field

Experience: 2 years of experience in accounts payable

Skills & attributes:

• Familiarity with accounting software SAP systems and MS Excel.
• Strong attention to detail and accuracy.
• Good communication and problem-solving skills.
• Ability to manage multiple tasks and meet deadlines.
• Knowledge of three-way matching and invoice reconciliation.
• Understanding of tax regulations and vendor compliance requirements.

Incumbent should be willing to work in person from our Princeton NJ office.

Additional Information :

*Must be a U.S. citizen or lawful permanent resident of U.S. or otherwise authorized to work in the U.S. without requiring sponsorship now or in the future.

Laboratories offers a competitive total rewards package including base salary determined on the basis of role experience skill set and location. Additionally employees are eligible for an annual discretionary bonus and benefits including comprehensive health care coverage retirement savings plan and leave benefits. Additional details about total compensation and benefits will be provided during the hiring process.

Our Work Culture

Ask any employee at Dr. Reddys why they come to work every day and theyll say because Good Health Cant Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations but as a means to help patients lead healthier lives and were always attuned to the new and the next to empower people to stay fit. And to do this we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system they can make magic.

Equal Opportunity Employer 

An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race color religion age sex sexual orientation gender identity national origin or protected veteran status and will not be discriminated against based on disability. 

For more details please visit our career website at Work :

No

Employment Type :

Full-time