Executive / Jr Manager P2P Job Description Template
As an Executive / Jr Manager P2P, you will be responsible for managing the procure-to-pay process, ensuring timely and accurate processing of purchase orders, vendor payments, and expense reports. You will collaborate closely with procurement, finance, and operations teams to optimize workflows and maintain compliance with internal and external regulations.
Responsibilities
- Oversee the procure-to-pay (P2P) process from requisition to payment.
- Ensure timely and accurate processing of purchase orders, invoices, and payments.
- Coordinate with procurement to manage vendor relationships and negotiate terms.
- Review and reconcile discrepancies in vendor invoices and statements.
- Maintain and update P2P policies and procedures to ensure compliance.
- Resolve any issues related to supplier payments and transactions.
- Generate and analyze P2P reports to identify areas for improvement.
- Support month-end and year-end closing activities related to P2P.
Qualifications
- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- 2-4 years of experience in a P2P or similar role.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and organizational skills.
- Ability to work independently and as part of a team.
- Strong interpersonal and communication skills.
Skills
- SAP
- Oracle
- MS Office
- Excel
- Accounting software
- P2P process management
- Data analysis
- Vendor management
Frequently Asked Questions
An Executive or Jr Manager P2P, which stands for Purchase to Pay, oversees the complete procurement process from initial purchase requisition to final payment. They manage vendor relationships, ensure timely deliveries, handle invoicing issues, and strive for cost-efficiency in procurement operations. Their role involves cross-department coordination to maintain effective and streamlined procurement flows throughout the organization.
To become an Executive or Jr Manager P2P, candidates typically need a bachelor's degree in business administration, supply chain management, or a related field. It is advantageous to have several years of experience in procurement or accounting. Skills in negotiation, financial analysis, and familiarity with procurement software can also bolster a candidate's qualification for this role. Networking and gaining experience in similar roles can provide further opportunities for advancement.
The salary for an Executive or Jr Manager P2P can vary based on factors such as location, company size, and industry. Typically, those in this position can expect a competitive salary that reflects their experience and the complexity of their responsibilities. Additionally, benefits such as health insurance, retirement plans, and bonuses based on performance are often included in the compensation package, depending on the employer.
Qualifications for an Executive or Jr Manager P2P role usually include a bachelor's degree in supply chain management, finance, or a related field. Professional certification, such as the Certified Professional in Supply Management (CPSM), can enhance a candidate's profile. Relevant experience in procurement, financial management, and proficiency in ERP systems are also crucial. Attention to detail and strong analytical skills are essential for success in this role.
An Executive or Jr Manager P2P should possess strong analytical and negotiation skills to manage procurement processes efficiently. Responsibilities include vendor management, contract negotiation, cost analysis, and ensuring compliance with procurement policies. Proficiency in procurement software and ERP systems is essential, as is the ability to collaborate with cross-functional teams. Effective communication and problem-solving skills are key attributes for handling procurement challenges and achieving organizational objectives.