Dy. Manager - Treasury & P2P

Michael Page; Navi Mumbai; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Michael Page is recruiting for a senior P2P, Treasury & Finance Operations leader based in Navi Mumbai. The role oversees a 13-15 member team and drives end-to-end procure-to-pay processes, banking relationships, cash forecasting, and working capital optimisation.

You will drive digitisation and ERP enhancements (SAP preferred), strengthen internal controls (SOX/IFC) and ensure audit readiness, while partnering with stakeholders across the organisation to deliver efficient, compliant financial

Qualifications

• 10-12 years of experience in Banking, Treasury & Finance Operations / P2P & O2C.
• Experience in managing teams.
• Strong leadership and stakeholder management.
• Experience with ERP systems (SAP preferred).
• Knowledge of regulatory compliance and risk management.

Responsibilities

• Lead and manage end-to-end P2P function.
• Oversee a team of 13-15 members.
• 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.
• Manage corporate insurance programs and renewals.
• Drive automation across P2P and implement ERP systems (SAP preferred).
• Strengthen internal controls and track KPIs for continuous improvement.

Skills

Leadership

Stakeholder management

Treasury systems

FX hedging

P2P processes

ERP SAP

Regulatory compliance

Digital finance

Analytical mindset

Problem solving

Tools

SAP

Job description

• Lead and manage the end-to-end Procure-to-Pay (P2P) function
• Oversee a team of 13-15 members

About Our Client

This organisation operates in the chemical industry and is based in Navi Mumbai.

Job 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

Financial Reporting & Schedule Preparation:

• 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

The Successful Applicant

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

Qualifications

• 10-12 years of relevant experience in Banking, Treasury & Finance Operations / P2P & O2C
• Experience of managing teams

What's on 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.