Finance Shared Services (P2P) - Tower Lead Job Description Template
The Tower Lead for Finance Shared Services (P2P) will spearhead the procure-to-pay process within the organization. This individual will be responsible for managing a team, streamlining operations, and ensuring adherence to financial policies and regulations. The role requires strong leadership skills and a deep understanding of finance operations.
Responsibilities
- Oversee the entire procure-to-pay (P2P) process
- Lead and mentor the P2P team to achieve operational excellence
- Develop and implement process improvements
- Ensure compliance with company policies and regulatory requirements
- Monitor KPIs and produce reports to track performance
- Collaborate with other departments to optimize financial operations
- Resolve escalated issues within the P2P process
- Provide training and support for team members
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field
- Minimum of 7 years of experience in finance operations, with at least 3 years in a leadership role
- In-depth knowledge of the procure-to-pay (P2P) process
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Proven ability to manage and develop a team
- Experience with financial software and ERP systems
Skills
- Leadership
- Process Improvement
- Financial Analysis
- Compliance
- ERP Systems
- Data Analysis
- Project Management
- Communication
Frequently Asked Questions
A Finance Shared Services (P2P) - Tower Lead oversees the procure-to-pay process, ensuring smooth transaction execution between procurement and finance functions. They are responsible for managing a team and optimizing processes like purchase order management, invoice processing, and payment execution. Effective Tower Leads ensure compliance with company policies and collaborate with cross-functional teams to enhance efficiency.
To become a Finance Shared Services (P2P) - Tower Lead, one typically needs a bachelor's degree in finance, accounting, or a related field, along with extensive experience in procure-to-pay processes. Strong leadership skills and experience in shared services environments are crucial. Professionals often advance from roles like P2P Analyst or Supervisor by demonstrating expertise in process improvement and team management.
The average salary for a Finance Shared Services (P2P) - Tower Lead varies based on location, industry, and experience level. However, these professionals generally earn a competitive salary that may include bonuses and benefits, reflecting their critical role in managing financial operations and optimizing procure-to-pay processes. Salaries tend to be high in regions with a strong financial services presence.
A Finance Shared Services (P2P) - Tower Lead typically requires a bachelor's degree in finance, accounting, or business administration. Relevant certifications like CPA, CMA, or a procurement-specific certification can be advantageous. Experience in leading teams and managing procure-to-pay processes is essential, alongside strong analytical, organizational, and communication skills to drive process efficiency.
A Finance Shared Services (P2P) - Tower Lead must possess skills in financial analysis, process optimization, and team leadership. Responsibilities include overseeing procure-to-pay operations, ensuring compliance with financial regulations, managing vendor relationships, and driving process improvements. Strong analytical skills help in identifying efficiencies, while leadership ensures effective team performance.