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Job Description
Responsible for managing banking relationships, treasury operations, cash flow planning, liquidity management, insurance portfolio administration, risk mitigation, and ensuring compliance with financial regulations and corporate policies.
Lead and manage the end-to-end Procure-to-Pay (P2P) function, drive digitisation and automation initiatives, and oversee a team of 13-15 members to ensure efficient, compliant, and scalable finance operations.
Client Details
This organisation operates in the chemical industry and is based in Navi Mumbai.
Description
Banking, Treasury & Insurance:
- Manage corporate banking relationships.
- Manage daily cash flow and liquidity requirements.
- Prepare short-term and long-term cash forecasts.
- Optimise working capital and investment opportunities.
- Monitor foreign exchange exposure and hedging activities.
- Ensure compliance with treasury policies and audit requirements.
Insurance
- Manage corporate insurance programs (Property, Liability, Marine, Employee Benefits, Cyber, etc.).
- Coordinate policy renewals and premium negotiations.
- Handle insurance claims and settlements.
- Assess organisational risks and recommend appropriate coverage.
- Liaise with insurers, brokers, and internal stakeholders.
P2P Operations
- Manage complete P2P life cycle: Vendor on boarding, PO processing, invoice processing, and payments
- Ensure accuracy, timeliness, and SLA adherence
- Handle vendor reconciliations and issue resolution
- Prepare TB-mapped financial schedules ensuring end-to-end linkage (TB → Schedule → FS → Notes)
- Ensure accurate accounting of payables, accruals, provisions, and expense classification Perform vendor, GR/IR, and advance reconciliations with audit-ready supporting Maintain complete documentation (SAP extracts, workings) for audit traceability Ensure Ind AS compliance and support smooth audit reviews with strong IFC/SOX controls
Digitisation & Automation
- Drive automation and transformation initiatives across P2P
- Implement and enhance ERP systems (SAP preferred)
- Increase adoption of digital tools (OCR, RPA, workflows)
- Enable paperless and efficient processes
Process & Controls
- Strengthen internal controls, audit readiness (SOX/IFC)
- Standardise processes and improve efficiency
- Track KPIs and drive continuous improvement
Profile
Key Skills
- Knowledge of regulatory compliance and risk management.
- Treasury Management Systems
- FX and hedging knowledge
- Strong expertise in P2P processes
- Experience in finance digitisation / transformation
- Hands-on with ERP systems (SAP preferred)
- Strong leadership and stakeholder management
- Analytical and problem-solving mindset
- 10-12 years of relevant experience in Banking, Treasury & Finance Operations / P2P & O2C
- Experience of managing teams
Job Offer
- A permanent role in a well-established organisation.
- Opportunities to work in a key financial role.
- A competitive package based on skills and experience.
If this role aligns with your skills and interests, feel free to apply.
To apply online please click the Apply button below. For a confidential discussion about this role please contact Sourav Chandra at +912269036651.
Skills
AccountingCorporate PoliciesCash FlowErp SystemsInd AsErpInvoice ProcessingPo ProcessingPayablesReconciliationsFinanceCashIf a job posting appears fraudulent, asks for payment, contains misleading information, or violates our guidelines, please report it immediately. Our team will review it promptly, Jobaaj does not charge any fee from the applicants.
About Company
A comprehensive examination of talent attraction and retention within the audit profession, conducted through a global survey and a series of roundtable discussions, reveals persistent challenges faced by audit firms worldwide. Despite concerted efforts, the profession struggles to attract and retain talent amid declining numbers of entrants.
In collaboration, ACCA and CA ANZ have amassed insights from over 6,500 survey respondents worldwide. Our findings highlight a prevalent concern about individuals' work–life balance, with calls for flexible working arrangements and a focus on remuneration. The perceived inadequacy of remuneration becomes pronounced when viewed in the context of a poor work-life balance, posing a pressing concern for the audit profession.
Empathy and respect in the workplace emerge as important considerations, recognising the multifaceted lives of employees. While audit firms implement various initiatives to address these concerns, the persistence of the challenge signals a necessity for more transformative changes.
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