Role Purpose
The General Accounting and Purchase to Pay (P2P) Manager isresponsible for overseeing general accounting and purchase-to-pay (PTP) operations, ensuring the accuracy, compliance, and timely reporting of financial reporting and efficient PTP operations, accurate invoice processing, and timely vendor payments.
Key Responsibilities
1. General Accounting Responsibilities
This pillar focuses on the Record-to-Report (R2R) process, ensuring that every financial transaction is accurately captured and reported.
- Financial Reporting: Oversee the month-end and year-end closing processes. Ensure all journal entries, accruals, and adjustments are compliant with relevant accounting standards (e.g. Group/Local GAAP).
- Balance Sheet Reconciliation: Ensure balance sheet reconciliations are performed timely and accurately, and pro-actively follow up to relevant stakeholders for any findings.
- Fixed Assets: Manage the lifecycle of fixed assets, including capitalization, depreciation, and periodic physical audits.
- Intercompany Accounting: Oversee the reconciliation of intercompany balances and the settlement of internal transactions.
- Compliance & Audit: Serve as the primary point of contact for external and internal auditors. Ensure robust internal controls are in place to mitigate financial risk.
2. Purchase to Pay (P2P) Responsibilities
This pillar focuses on the end-to-end process of acquiring goods and services and ensuring vendors are paid accurately and on time.
- Accounts Payable (AP) Oversight: Lead the AP team in processing invoices, verifying approvals, and ensuring timely vendor payment.
- Process Optimization: Drive efficiency in the PTP cycle and ensure the compliance with Company policies and internal controls.
- Taxes & Regulatory Reporting: Ensure compliance with local tax regulations regarding purchases.
Core Competency Profile
- Financial Reporting & Analysis: Strong ability to prepare and interpret financial statements
- Accounting Standards Compliance: Knowledge of Group Standard and Local GAAP
- Process Excellence: Understand the end to end process of PTP cycle and impact to the financial posting
- Internal Controls & Audit: Ensuring compliance and supporting audit activities
- ERP Systems Proficiency: Experience with SAP/S4 Hana
