Senior Manager - P2P

Job Title: Senior Manager - P2P

Work Location: Chennai

Job Profile Summary

The Purchase to Pay Manager is responsible for guiding purchase-to-pay specialists, managing monthly financial closings and accounting processes, optimizing operational performance, implementing and training on new policies, reviewing purchase orders, and analyzing spend data for cost savings. The role performs monthly financial closing and accounting processes within the Purchase to Pay (PTP) scope, ensuring accurate reconciliations and adherence to reporting standards. The role optimizes and manages operational performance, ensuring effective resource and process management. The role reviews ICS controls within the PTP scope to ensure regulatory adherence and risk mitigation.

Job Description

Job Responsibilities:

• Provides 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.

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

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

• Reviews 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 integrity throughout the procurement and payment cycle.

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

• Reviews and 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.

• Analyzes spend data to identify cost-saving opportunities and enhance procurement strategies by assessing current expenditures, detecting inefficiencies, and implementing improvements to maximize financial performance.

• Manages 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.

Minimum required Education:

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

Minimum required Experience:

12+ 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.
• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
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.