Associate Director, PTP&OTC

Invesco

Hyderabad, Telangana
Permanent
Full-time

20 days ago

As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!Job DescriptionOversees the global procure to pay & order to cash process including managing the volumes, monitoring compliance with deadlines, escalating critical issues to the appropriate channels for resolution. Running effective operations which includes maintaining deliverables, continuous assessment of the process, issue & risk assessment, documentation and mitigation plans Adhering to SOX and Internal Controls of Process and Organization

Participate in OTC/PTP SOX walkthrough
Provide documentation & supporting to external/internal auditor during statutory audits

Maintaining and reviewing policies like spent authorization, T&E policy, Invoice minimum acceptance criteria, AR reserves criteria Participates in projects as required by OTC/PTP end to end leads, including software implementations & strategic initiatives Participate & enable initiative like Spent under management (No-PO No pay) Drive end to end implementation of new financial systems impacting PTP & OTC like Revport (Billing System) Prepare RCA for financial impact - Erroneous payments/duplicate payments/incorrect accounting/Incorrect client billing Based on financial impact of error – ensure compliance fillings are performed Ensure SLA are meet, in case deviation perform RCA and implement course correction Drive efficiency initiatives with in PTP & OTC to effectively use work force available/absorb new process Collaborate with cross functional teams (corporate accountings, IT, Customer service, fixed assets, R2R, O2C etc.), onshore counterparts and business stake holders for issue resolutions and seamless operations. Review of accounts payable metrics, dashboards, and keep the accounts payable open items on current. Takes a lead role in driving forward FCS Transformation goals, version upgradation of billing tool, implementation of new procurement tool Track management metric like DPO (days payable outstanding), cash discounts earned, PO/Non-PO spent metrics, vendor onboarding post services/goods. As part of PTP/OTC responsibilities review & prioritize enhancement & incidents and move them to closure Works in a matrix environment to support financial services performed in the Global Shared Service Center as needed Supports expansion of responsibilities within the Global Shared Service Centers including documentation, training, and stabilization of transitioned processes Manages performance and development cycle for GBS General Ledger staff and End to End Managers, including but not limited to setting goals, completing performance evaluations, development reviews, and managing work schedules Facilitates long term workforce planning, succession management, and compensation for the team Focus on people & team management, guiding for success, regular connect with team, Issue goals, design career progression plans, fulfilling training needs of all members, mentor & Coach and conflict management Interviews, hires, orients, trains, motivates, evaluates, disciplines, and when necessary discharges subordinate personnel. Support talent acquisition, development and retention efforts of GBS Perform periodic skillset/fit gap assessment, create backup for team and selfMinimum knowledge, skills and abilities required: (List only the minimum requirements needed for satisfactory job performance.)Work Experience: A minimum of 10+ years of experience working in Procure to Pay (PTP) & Order to Cash (OTC) role.Education/Training: A Bachelor’s Degree in Business is required with an emphasis in Accounting or Finance preferred. Knowledge of Financial Services Industry preferred.Full Time / Part TimeFull timeWorker TypeEmployeeJob Exempt (Yes / No)NoWorkplace ModelAt Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.Why InvescoIn Invesco, we act with integrity and do meaningful work to create impact for our stakeholders. We believe our culture is stronger when we all feel we belong, and we respect each other’s identities, lives, health, and well-being. We come together to create better solutions for our clients, our business and each other by building on different voices and perspectives. We nurture and encourage each other to ensure our meaningful growth, both personally and professionally.We believe in diverse, inclusive, and supportive workplace where everyone feels equally valued, and this starts at the top with our senior leaders having diversity and inclusion goals. Our global focus on diversity and inclusion has grown exponentially and we encourage connection and community through our many employee-led Business Resource Groups (BRGs).What’s in it for you?As an organization we support personal needs, diverse backgrounds and provide internal networks, as well as opportunities to get involved in the community and in the world.Our benefit policy includes but not limited to:

Competitive Compensation
Flexible, Hybrid Work
30 days’ Annual Leave + Public Holidays
Life Insurance
Retirement Planning
Group Personal Accident Insurance
Medical Insurance for Employee and Family
Annual Health Check-up
26 weeks Maternity Leave
Paternal Leave
Adoption Leave
Near site Childcare Facility
Employee Assistance Program
Study Support
Employee Stock Purchase Plan
ESG Commitments and Goals
Business Resource Groups
Career Development Programs
Mentoring Programs
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In Invesco, we offer development opportunities that help you thrive as a lifelong learner in a constantly evolving business environment and ensure your constant growth. Our AI enabled learning platform delivers curated content based on your role and interest. We ensure our manager and leaders also have many opportunities to advance their skills and competencies that becomes pivotal in their continuous pursuit of performance excellence.To know more about usAbout Invesco:About our Culture:About our D&I policy:About our CR program:Apply for the role @ Invesco Careers:

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