Associate Director, PTP&OTC

Key Responsibilities

• Oversees the global procure to pay & order to cash process including managing the volumes, monitoring compliance with deadlines, escalating critical issues to the appropriate channels for resolution.
• Running effective operations which includes maintaining deliverables, continuous assessment of the process, issue & risk assessment, documentation and mitigation plans
• Adhering to SOX and Internal Controls of Process and Organization
• Participate in OTC/PTP SOX walkthrough
• Provide documentation & supporting to external/internal auditor during statutory audits
• Maintaining and reviewing policies like spent authorization, T&E policy, Invoice minimum acceptance criteria, AR reserves criteria
• Participates in projects as required by OTC/PTP end to end leads, including software implementations & strategic initiatives
• Participate & enable initiative like Spent under management (No-PO No pay)
• Drive end to end implementation of new financial systems impacting PTP & OTC like Revport (Billing System)
• Prepare RCA for financial impact – Erroneous payments/duplicate payments/incorrect accounting/Incorrect client billing
• Based on financial impact of error – ensure compliance fillings are performed Ensure SLA are meet, in case deviation perform RCA and implement course correction
• Drive efficiency initiatives with in PTP & OTC to effectively use work force available/absorb new process
• Collaborate with cross functional teams (corporate accountings, IT, Customer service, fixed assets, R2R, O2C etc.), onshore counterparts and business stake holders for issue resolutions and seamless operations.
• Review of accounts payable metrics, dashboards, and keep the accounts payable open items on current.
• Takes a lead role in driving forward FCS Transformation goals, version upgradation of billing tool, implementation of new procurement tool
• Track management metric like DPO (days payable outstanding), cash discounts earned, PO/Non-PO spent metrics, vendor onboarding post services/goods.
• As part of PTP/OTC responsibilities review & prioritize enhancement & incidents and move them to closure
• Works in a matrix environment to support financial services performed in the Global Shared Service Center as needed
• Supports expansion of responsibilities within the Global Shared Service Centers including documentation, training, and stabilization of transitioned processes
• Manages performance and development cycle for GBS General Ledger staff and End to End Managers, including but not limited to setting goals, completing performance evaluations, development reviews, and managing work schedules
• Facilitates long term workforce planning, succession management, and compensation for the team
• Focus on people & team management, guiding for success, regular connect with team, Issue goals, design career progression plans, fulfilling training needs of all members, mentor & Coach and conflict management Interviews, hires, orients, trains, motivates, evaluates, disciplines, and when necessary discharges subordinate personnel.
• Support talent acquisition, development and retention efforts of GBS Perform periodic skillset/fit gap assessment, create backup for team and self

Qualification & Requirements

Work Experience:

• A minimum of 10+ years of experience working in Procure to Pay (PTP) & Order to Cash (OTC) role.

Education/Training:

• A Bachelor’s Degree in Business is required with an emphasis in Accounting or Finance preferred.  Knowledge of Financial Services Industry preferred.

Benefits

Our benefit policy includes but not limited to:

• Competitive Compensation
• Flexible, Hybrid Work
• 30 days’ Annual Leave + Public Holidays
• Life Insurance
• Retirement Planning
• Group Personal Accident Insurance
• Medical Insurance for Employee and Family
• Annual Health Check-up
• 26 weeks Maternity Leave
• Paternal Leave
• Adoption Leave
• Near site Childcare Facility
• Employee Assistance Program
• Study Support
• Employee Stock Purchase Plan
• ESG Commitments and Goals
• Business Resource Groups
• Career Development Programs
• Mentoring Programs
• Invesco Cares
• Dress for your Day