Executive / Sr Executive P2P Job Description Template
As an Executive / Sr Executive P2P, you will be responsible for overseeing the procure-to-pay (P2P) cycle, ensuring efficient procurement operations, invoice processing, and supplier management. You will collaborate with various departments to streamline procurement activities and maintain strong supplier relationships.
Responsibilities
- Manage end-to-end procure-to-pay (P2P) process.
- Ensure timely and accurate processing of purchase orders and invoices.
- Coordinate with suppliers to resolve any discrepancies and ensure timely deliveries.
- Maintain accurate records of supplier transactions and payments.
- Collaborate with internal departments to optimize procurement activities.
- Monitor and report key performance indicators (KPIs) related to P2P operations.
- Ensure compliance with company policies and regulatory requirements.
- Identify opportunities for process improvement and cost-saving initiatives.
Qualifications
- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- 2-5 years of experience in a procure-to-pay (P2P) role or similar position.
- Strong knowledge of procurement processes and accounting principles.
- Familiarity with ERP systems and procurement software.
- Excellent communication and negotiation skills.
- Detail-oriented with strong organizational skills.
- Ability to work collaboratively in a team environment.
Skills
- ERP systems
- Procurement software
- Invoice processing
- Supplier management
- Financial analysis
- Negotiation
- Microsoft Excel
- Data analysis
Frequently Asked Questions
An Executive/Sr Executive P2P, or Procure-to-Pay, plays a vital role in managing the complete procurement cycle. They handle tasks such as processing purchase orders, managing vendor relationships, ensuring timely invoice payments, and maintaining compliance with company procurement policies. Their work ensures a smooth flow of goods and services, supports operational efficiency, and helps manage company spend. They also often employ tools like ERP systems to automate and improve the P2P process.
To become an Executive/Sr Executive P2P, individuals typically need a bachelor's degree in business, finance, or a related field. Relevant experience in procurement, finance, or supply chain management is often required. Candidates may benefit from certifications like Certified Professional in Supply Management (CPSM) or Certified Purchasing Professional (CPP). Strong analytical skills, attention to detail, and familiarity with ERP systems are important for success in this role.
The average salary for an Executive/Sr Executive P2P varies based on factors such as location, experience, and company size. Typically, individuals in this role can expect a competitive salary that aligns with procurement or finance positions. On average, those with Sr. Executive titles tend to earn more due to their higher level of responsibility and experience. Additional benefits may include bonuses and performance incentives.
Qualifications for an Executive/Sr Executive P2P typically include a bachelor's degree in business, finance, or supply chain management. Practical experience in a procurement or finance role is highly valued, and knowledge of procurement software systems is beneficial. Professional certifications, such as CPSM or CPP, can enhance a candidate's profile. Strong communication and negotiation skills are essential to manage vendor relations effectively.
An Executive/Sr Executive P2P needs strong organizational and analytical skills to manage procurement processes efficiently. Responsibilities include processing purchase orders, negotiating terms with vendors, ensuring compliance with procurement policies, and resolving invoicing issues. Proficiency in ERP systems and procurement software is crucial. Additionally, excellent communication and negotiation skills are necessary to build and maintain vendor relationships and support business operations.