General Manager - P2P

Job Title

General Manager - P2P

Job Description

Job Title: General Manager - P2P

Work Location: Chennai

Job Profile Summary

The Purchase to Pay Manager is responsible for guiding purchase-to-pay specialists, reviewing financial processes, overseeing market performance, establishing internal controls, approving purchase orders, planning cost-saving strategies and managing team talent and performance to ensure compliance and operational excellence. The role reviews monthly financial closing and accounting processes, ensuring reconciliation and adherence to standards. The role oversees operational performance, managing resources and performance metrics to achieve strategic objectives. The role establishes ICS controls to ensure regulatory compliance and accuracy in the procurement and payment cycle.

Job Description

Job Responsibilities:

• Provides advanced guidance to purchase-to-pay specialists, ensuring their activities align with established company policies and procedures, supporting their development and resolving any issues within the framework of these guidelines.

• Reviews monthly financial closing and other accounting processes within the Purchase to Pay (PTP) scope, ensuring account reconciliation, timely resolution of discrepancies, and adherence to financial reporting standards and deadlines.

• Oversees the operational performance within the market, ensuring effective management of resources, processes, and performance metrics to achieve operational excellence and meet strategic objectives.

• Establishes the ICS (Internal Control Systems) controls within the PTP scope to ensure that all processes adhere to regulatory standards, mitigate risks effectively, and maintain accuracy and throughout the procurement and payment cycle.

• Designs departmental directives and prepares teams on new directives and policies by effectively communicating changes, providing comprehensive training sessions, and ensuring thorough understanding and compliance.

• Approves purchase orders to ensure compliance with budget constraints, verifying accuracy and alignment with financial guidelines while maintaining adherence to procurement standards and internal controls.

• Plans cost-saving opportunities, develops implementation strategies by assessing current expenditures, detecting inefficiencies, and implementing improvements to maximize financial performance.

• Oversees accurate records of purchase orders, invoices, and payments by organizing all transaction details to ensure reliability, facilitate audits, and maintain transparency throughout the purchase and payment process.

• Guides and mentors the team, actively contributing to employee selection, performance management, compensation management, career development, and overseeing operational processes.

• Manages talent across the team, while driving employee selection, performance management, compensation management, career development, and ensuring effective operational management.

Minimum required Education: Bachelor's/ Master's Degree in Data Analytics, Supply Chain Management, Accounting or equivalent.

Minimum required Experience:

15+ Years experience with Bachelor's OR Master's in areas such as Vendor Management, Compliance and Controls, Data Analysis, Supply Chain Management, Contract Management or equivalent.

People Management experience is mandatory

Preferred Skills:

Continuous Improvement • Due Diligence • Knowledge Management • Risk Assessments • People Management • Regulatory Compliance • KPI Monitoring and Reporting • Management Reporting • Financial Acumen • Strategic Planning • Internal Controls & Risk Evaluation • Operations Management • Performance Management (PM) • Customer Relationship Management (CRM)

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week.

Onsite roles require full-time presence in the company’s facilities.

Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

Indicate if this role is an office/field/onsite role.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help the lives of others.

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If you’re interested in this role and have many, but not all, of the experiences needed, we encourage you to apply. You may still be the right candidate for this or other opportunities at Philips. Learn more about our culture of impact with care here

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