Manager Accounts Payable

Cipla USA; New York, North Great River (NY, NY); On-site; USD 80,000 - 120,000; Full time

Job summary

A leading global pharmaceutical company is seeking a finance professional to manage the Procure to Pay (P2P) process across US entities. The role involves ensuring timely payments, coordinating with procurement, and supporting treasury operations. Ideal candidates should have a Master's degree in finance or accounting and at least 5 years of relevant experience. Join us to contribute to our mission of providing high-quality medicines while enhancing financial operations.

Qualifications

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

Responsibilities

• Manage the P2P process for all US entities and support treasury operations.
• Ensure timely accounting entries for month-end closing.
• Collaborate with business partners on vendor payment queries.

Skills

Finance

Accounting

Cash Flow Planning

Education

Master’s degree in finance, accounting, or business management

Job description

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 the Indian pharmaceutical industry and expanded our presence in key markets including India, South Africa, the U.S., and other emerging economies.

Driven by the purpose of 'Caring for Life', Cipla focuses on making affordable, world-class medicines with a reputation for uncompromising quality standards worldwide.

In over 85 years, Cipla has become one of the most respected pharmaceutical names in India and in more than 100 countries. We are a fast-growing company with a strong legacy, significantly expanding our portfolio and presence in the U.S. with both generic and brand divisions.

InvaGen Pharmaceuticals, Inc.

InvaGen Pharmaceuticals is a Cipla subsidiary engaged in developing, manufacturing, marketing, and distributing generic prescription medicines across various therapeutic areas such as cardiovascular, anti-infective, CNS, anti-inflammatory, anti-diabetic, and anti-depressants. Founded in 2003, based in Central Islip and Hauppauge, NY, and with a project site in Fall River, Massachusetts since October 2020 to support Cipla's respiratory business in the U.S.

1. Job Purpose

Manage the P2P process from the finance side for all US entities and support treasury operations in cash flow planning.

Key Accountabilities & Responsibilities

Accountability Cluster 1: Procure to Pay process

• Ensure periodic follow-up on pending invoices / CIMMRA queries with SCM, Procurement, Warehouse, and other teams.
• Resolve discrepancies and follow up on pending documents.
• Send bi-weekly list of unbooked invoices for document follow-up.
• Coordinate with SCM/Procurement on amount mismatches or third-party payment documents.
• Review open advances for settlement or clearing.
• Develop/review vendor categorization to improve P2P process TAT.
• Update vendor banking details as per policy.
• Handle vendor queries and perform timely payment runs.
• Collaborate with business partners on vendor payment queries.
• Work closely with Shared Service group for AP functions.

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

• Ensure timely accounting entries to facilitate month-end closing.
• Review open POs, GR/IR line items, and coordinate with procurement for invoice/balance confirmation.
• Review open CIMMRA queries and provide accruals.
• Support finance controller with month-end schedules and data requirements.
• Provide data to auditors and address queries.
• Maintain hygiene of GR/IR, Open POs, Vendor accounts through regular reviews.
• Coordinate with FSS team for trade payable reports, bank reconciliations, and other reports.
• Manage month-end accruals for corporate credit card expenses.

Accountability Cluster 3: Process review and improvements

• Partner with FSS and other functions to define and improve TAT for AP activities.
• Drive process standardization across US entities.
• Minimize regularization cases and non-PO routes for routine services.
• Review credit card utilization and set limits to ensure policy compliance.

Accountability Cluster 4: Support to treasury team

• Manage check printing, ACH, and wire transfers.
• Develop weekly payment plans with FSS support for cash planning.
• Track payment plan accuracy and deviations.
• Coordinate employee expense tracking and closure via corporate credit cards.
• Identify and resolve deviations from credit card and travel policies through process improvements or training.

Educational & Experience

• Master’s degree in finance, accounting, or business management, or qualified accountant.
• Minimum 5 years of experience managing the complete P2P process for a business of $1Bn size.

Equal Opportunity Employer

We welcome applicants of all backgrounds and ensure our hiring process is accessible. Please contact the recruiter for reasonable accommodations.

About Salary/Pay Range

The stated salary range is an estimate and may vary based on experience, skills, education, location, and company policies. Benefits and bonuses may also be applicable.