Lead - Payables

Division

Department

Sub Department 1

Job Purpose

To manage the accounts payables operations for Cipla India and its subsidiaries, ensuring strong governance, compliance, timely processing, high‑quality reconciliations, and effective month‑end closure. This role will also drive process automation and continuous improvement, while ensuring alignment with statutory requirements, IFC controls, and audit expectations.

Key Accountabilities (1/6)

Vendor Reconciliation & IFC Compliance

• Manage vendor reconciliation for Cipla and its subsidiaries across multiple entities.
• Ensure strict adherence to Internal Financial Controls (IFC) for P2P processes.
• Review and approve reconciliations, ensuring timely resolution of disputes, debit notes, credit notes, and open items.

Key Accountabilities (2/6)

MSME Compliance

• Ensure full compliance with MSMED‑I (MSME Form I) reporting requirements.
• Monitor vendor MSME classification and validate accuracy of records.

Key Accountabilities (3/6)

General Ledger (GL) Reconciliation

• Oversee GL reconciliations for payables, advances, GR/IR, and tax-ledger balances.
• Ensure aging items are reviewed, investigated, and closed within timelines.
• Maintain audit‑ready GL schedules with strong documentation

Key Accountabilities (4/6)

Direct & Indirect Tax Compliance - 4A

• Ensure adherence to Direct & Indirect Taxation requirements within the payables process.
• Review vendor tax applicability, TDS deductions, GST compliance, and timely accounting of tax‑linked invoices.

• Coordinate with tax teams for assessments, changes in regulation, and process updates.
• Lead monthly GSTR‑2B reconciliation and ensure timely ITC alignment.
• Identify gaps between available ITC vs. booked ITC and drive priority invoice accounting.
• Collaborate with vendors and internal stakeholders to resolve mismatches.

Key Accountabilities (5/6)

Automation & Process Enhancement

• Identify automation and digitization opportunities across Payables (RPA, BOT, workflows, dashboards).
• Collaborate with IT/Digital teams to drive implementation and adoption.
• Enhance controls, reduce manual touches, and streamline end‑to‑end P2P processes.

Vendor Master Governance

• Oversee vendor master reviews, ensuring accuracy, completeness, and compliance.
• Ensure proper controls over vendor creation, modification, and blocking.
• Review risk areas related to duplicate vendors, incorrect tax details, and unauthorized changes

Key Accountabilities (6/6)

Major Challenges

Key Interactions (1/2)

Internal

• Business and other cross functional teams (BU Finance, Operation Finance and Depot teams, Treasury, Direct and Indirect taxation etc.)
• IT team

Key Interactions (2/2)

External

• Vendors, External consultants
• Internal and Statutory Auditors - To provide required support in audits and assessments as required.

Dimensions (1/2)

• More than 15 cross functional stakeholders and multiple stakeholders at more than 10 mfg locations across India
• +8000 active vendors
• +30,000 Invoices processed during the month
• No. Entity codes managed for India operations – 8

Dimensions (2/2)

Key Decisions (1/2)

Decisions

Vendor Master Exceptions

Actions  - IF there is any exceptions to be approved from FSS can be reviewed and approved accordingly once discussed with line manager 

Key Decisions (2/2)

Education Qualification

Commerce Graduate or equivalent, CA/ MBA Finance or equivalent – desirable but not mandatory

Relevant Work Experience

Minimum 5-8 years of experience in a multi-location mfg. organization or shared service centre in Accounts Payable team.

At least 2 years of experience in leading AP team