State Street

Senior Manager – Accounts Payable

State Street
Bangalore, India
Not disclosed
07 Dec 2023
22 Dec 2023
Approved employers
Approved employer
Contract type
Full time
Experience level

Job Description –Senior Manager – Accounts Payable

Basic Purpose of Job:

  • The Accounts Payable Manager will be responsible for managing day-to-day AP Operational delivery and Oversight activities including control and risk environment, AP Projects, Internal/External Audits, Technology Enablement, Transitions of AP Activities and Identifying process improvement opportunities
  • This individual will provide subject matter expertise in the area of accounting related to Accounts Payable
  • Accounts Payable manager will be actively involved in Implementation of tools (including ERP) & technologies as appropriate
  • Role includes partnering with senior stakeholders within Accounts Payable, Procurement, technology/IT, Projects teams and external suppliers.

Responsibilities & Tasks Include:

  • Responsible for implementation a culture of risk management including identifying key risks and implementing mitigating controls, regular reviews and monitoring of key risks and controls
  • Responsible for Accounts Payable Operations delivery including timely processing of Supplier invoices and Employee expenses and oversight/governance on service provider managing AP operations delivery
  • Ensure all defined Process/Monitoring/Sox controls are performed per defined procedure and frequency
  • Create reporting metrics to assist with oversight of controls
  • Manage internal and Statutory Audit and various internal assurance events with Risk and Compliance teams covering process walkthroughs, coordination on sample testing’s, conclusion/agreement on Audit observations and associated risk mitigation remediation planning and execution
  • Plan and lead major systems & change projects in consultation with Business, Finance System and Change management teams
  • Need to ensure that the key project and change milestones are met in a timely manner and in consultation with relevant stakeholders
  • Drive and encourage the creation of continuous improvement ideas within process and turn them towards actionable projects
  • Scan external environment for leading practices, emerging industry trends and digital landscape to leverage in the process
  • Manage oversight activities including sample testing of AP & Employee Expense transactions processed by AP Operations teams, controls testing’s etc.
  • Prepare reporting & analytics deliverables
  • May be required to participate in or conduct a wide range of accounting and financial analysis on critical and complex issues which may include variance analysis and accounting transactions.
  • Serve as a subject matter expert on accounts payable transactions.
  • Adopt “owner’s mind set”, work independently, and effectively manage timelines

Job Requirements:

Education and Experience:

  • Bachelor’s Degree in Accounting with around 12-15 years of relevant post qualification experience in a shared services environment in Accounts Payable including Vendor Invoices, Supplier Set ups, Employee Expense Reimbursement and Procurement processes including VAT, GST, US & Canadian Taxes
  • Should have strong exposure and understanding of finance system – Oracle R12/Oracle Cloud and prior experience in implementing Oracle R12/Oracle Cloud is an added advantage
  • Should have in-depth knowledge of and exposure to Global Procure to Pay processes in financial service industry
  • Flexible with working in multiple time zones and extended hours per project requirements
  • Should have exposure to working in a global environment with an ability to work with people across globe in different time zones and with different cultures

Skills required:

  • Should have strong communication skills to manage effective discussion with senior stakeholders
  • Strong influencing skills and ability to get stakeholder buy-in for initiatives and projects
  • Ability to multi-task and prioritize within a fast-paced, demanding environment
  • Ability to provide insights to streamline and simplify processes and deliver value
  • Fundamental knowledge and experience in design and analysis of business processes and systems.
  • Ability to independently resolve complex issues/problems and decision-making capabilities
  • Track record of compliance culture maintenance and enforcement
  • Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
  • Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes

Desirable: Skills or Experience – the ‘nice to haves’

  • Knowledge of automation technologies in Accounts payable area including RPA implementations, Machine Learning. Artificial Intelligence etc.
  • Certification in Change management, Project Management, Digital/Technology Enablement
  • Experience in managing overall AP and Procurement Subledger implementations in Oracle R12/ Oracle Cloud

For further information, and to apply, please visit our website via the “Apply” button below.

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