Procure to Pay - MDM Specialist

The Procure-to-Pay (PtP) Specialist will oversee the end-to-end PtP processes for the India business entity, ensuring efficient and precise execution of vendor management, MSME compliance, supplier agreement administration, and departmental coordination. This role demands proactive engagement with procurement teams, business stakeholders, and vendors to facilitate seamless operations, drive process improvements, and uphold regulatory standards.

Roles and Responsibility

Key Responsibilities:

• Vendor Master Maintenance:

  • Ensure accurate and up-to-date maintenance of the vendor master database.

  • Coordinate with relevant departments to onboard new vendors and update existing records.

• MSME Payments Tracking:

  • Monitor and track payments to Micro, Small, and Medium Enterprises (MSMEs) to ensure compliance with statutory timelines.

  • Calculate interest on delayed payments as per MSME regulations.

  • Liaise with the Purchase Department and suppliers for timely resolution of MSME payment issues.

  • Prepare and file half-yearly MSME returns as required.

• Supplier Agreements Management:

  • Maintain a comprehensive record of agreements with suppliers.

  • Track agreement validity and renewal dates.

  • Send timely alerts and reminders to concerned departments for renewals or actions required.

• Departmental Coordination:

  • Follow up with relevant departments to resolve queries and ensure smooth processing of accounts payable transactions.

  • Collaborate with stakeholders to clear local open advances and ensure proper documentation.

• Alerts & Communication:

  • Proactively send alerts and reminders to stakeholders regarding pending actions, upcoming deadlines, and compliance requirements.

• Qualifications & Experience:

• Bachelor’s degree in commerce, Finance, or related field.

• 5+ years of experience in PtP or Accounts Payable for a manufacturing industry

• Strong understanding of MSME compliances, Indian taxation (GST, TDS) etc

• Proficiency in MS Excel and reporting tools.

• Ability to listen, understand and respond appropriately.

• Self-motivated individual who is proactive and takes initiative.

• Analytical and Problem-solving skills.