Manager Accounts Payable

About Cipla

Cipla is a leading global pharmaceutical company, dedicated to high-quality, branded, and generic medicines. We are trusted by healthcare professionals and patients across geographies. Over the last eight decades, we have strengthened our leadership in Indiaas pharmaceutical industry and fortified our promise of strengthening our global focus by consolidating and deepening our presence in the key markets of India, South Africa, the U.S., and other economies of the emerging world.

Driven by the purpose aCaring for Lifea, Ciplaas focus has always been on making affordable, world-class medicines with a reputation for uncompromising quality standards across the world.

In the last 85 + years, Cipla has emerged as one of the most respected pharmaceutical names in India as well as across more than 100 countries. Cipla is a fast-growing pharmaceutical company with a continued focus on the expanse of our strong legacy. Over the last five years, Cipla has significantly expanded its portfolio and presence in the U.S. with both a generic and brand division.

InvaGen Pharmaceuticals, Inc.

InvaGen Pharmaceuticals is a Cipla subsidiary engaged in the development, manufacture, marketing, and distribution of generic prescription medicines with focus on a range of therapeutic areas, including cardiovascular, anti-infective, CNS, anti-inflammatory, anti-diabetic, and anti-depressants. The company was founded in 2003 and is based in Central Islip and Hauppauge, New York. In October 2020, InvaGen established its project site in Fall River, Massachusetts to support the launch of Ciplaas respiratory business in the United States.

1. Job Purpose -

Responsible to manage P2P process from Finance side for all the US entities, support treasury operations in cash flow planning

Key Accountabilities & Responsibilities

Accountability Cluster 1: Procure to Pay process

• Ensure that the pending list of invoices / CIMMRA queries sent periodically to SCM / Procurement / Warehouse and other respective team members for action
• Follow-up for the pending documents and resolve any discrepancies if any
• List of un-booked invoices sent every fortnightly for document follow up
• Follow up with the SCM / Procurement team in case of any amount mismatch or third-party payment documents
• Review open advances for settlement / clearing
• Develop / review vendor categorisation to review / improve P2P process TAT
• Perform checks as per policy to update vendor Banking details.
• Independently handle vendor queries and perform payment run timely.
• Work with business partners in answering queries related to vendor payments.
• Work closely with Shared Service group for AP related functions

Accountability Cluster 2: Month / Quarter / Annual closing, Internal / Statutory Audit

• Ensure timely accounting of the entries to smoothen month close process and improve hygiene
• Review open POas, GR/IR line items and work with Procurement team members for getting invoices / balance confirmation from the suppliers
• Review open CIMMRA queries and provide monthly accruals to FSS team
• Providing support to Finance controller for month end schedules and other data requirements
• Providing data to auditors as per request and addressing any queries to their satisfaction
• Maintain GR/IR, Open PO, Vendor account hygiene by regular review and action on aged items
• Work with FSS team for Trade payables reports, Bank Reconciliation and other monthly reporting requirements
• Month end accruals for outstanding corporate credit card expenses

Accountability Cluster 3: Process review and improvements

• Partner with FSS team, functions to define and improve TAT for all the AP related activities
• Drive process standardization across all US entities
• Minimize regularization cases and non-PO route for routine / contractual services
• Review credit card utilization and set up limits to improve compliance with policy

Accountability Cluster 4: Support to treasury team

• Maintain Control of Check printing, ACH and WIRE transfers
• Develop weekly payment plan with support of FSS team and share with treasury team for cash planning
• Track payment plan accuracy / deviations / urgent payments
• Work with FSS team for proper tracking / closure of Employee expenses via corporate credit card
• Identify deviation from Corporate Credit card / travel policy and resolve through process improvement and/or compliance training

Educational & Experience:

Masteras degree in finance, Accounting or Business Management is required or qualified accountant

Minimum 5 years of experience in managing complete P2P process for the business size of $ 1Bn

Equal Opportunity Employer

Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

At Cipla, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require reasonable accommodation to make your application or interview experience a great one, please contact the recruiter.

About the Salary/ Pay Range

The salary range mentioned above is an anticipated base salary range for this position. Exact salary depends on several factors such as experience, skills, education, and budget. Salary range may vary based on geographic location. In addition to base salary, this position may be eligible for benefits and participation in a bonus program based on performance and company results.