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Assistant Manager- P2P Job Description Template

The Assistant Manager- P2P (Procure-to-Pay) is responsible for managing and optimizing the end-to-end procurement process, from requisition through to payment. The role requires a keen eye for detail, strong analytical capabilities, and the ability to lead and improve processes within the finance department.

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Responsibilities

  • Oversee the entire procure-to-pay process, ensuring efficiency and compliance.
  • Manage vendor relationships and negotiate payment terms.
  • Ensure accurate and timely processing of invoices and payments.
  • Monitor and improve procurement policies and practices.
  • Collaborate with various departments to forecast procurement needs.
  • Analyze procurement data to identify cost-saving opportunities.
  • Provide regular reports on procurement activities and performance metrics.
  • Lead and mentor the team to achieve departmental goals.

Qualifications

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field.
  • 3+ years of experience in procurement or finance roles.
  • Proven experience in managing P2P processes.
  • Strong understanding of procurement practices and financial regulations.
  • Excellent analytical and problem-solving skills.
  • Effective communication and negotiation abilities.
  • Leadership experience in a similar role.

Skills

  • Procure-to-Pay (P2P)
  • Vendor Management
  • Invoice Management
  • Financial Analysis
  • SAP/ERP Systems
  • Microsoft Excel
  • Process Improvement
  • Leadership

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Frequently Asked Questions

An Assistant Manager-P2P, Purchase to Pay, oversees the complete procurement process from purchase requisition to payment. They manage vendor relationships, ensure timely payments, and streamline P2P processes for efficiency. They also handle discrepancies in invoices and collaborate with finance and procurement teams to improve purchasing operations.

To become an Assistant Manager-P2P, candidates typically need a bachelor's degree in finance, business administration, or a related field. Experience in procurement, accounts payable, or supply chain management is crucial. Professional certifications like Certified Purchasing Manager (CPM) can enhance prospects. Strong analytical and leadership skills are essential.

The average salary for an Assistant Manager-P2P varies based on location, industry, and experience level. Typically, it ranges from moderate to high remuneration given the managerial responsibilities. Factors like company size and candidate qualifications also play a significant role in determining exact salary figures.

An Assistant Manager-P2P usually requires a bachelor's degree in finance, business administration, or related disciplines. Relevant work experience in procurement or finance is essential. Skills in ERP systems, negotiation, and data analysis are crucial. Advanced qualifications like an MBA or professional certifications can be beneficial.

Key skills for an Assistant Manager-P2P include strong analytical abilities, attention to detail, excellent communication, and leadership skills. They must proficiently coordinate purchase orders, manage supplier relationships, and resolve invoice discrepancies. Proficiency in ERP software and an understanding of P2P processes are vital.

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