S2P Accounting Specialist

Job title: Source to Pay (S2P) Accounting Specialist

Location: Hyderabad.

About the Job:


At Sanofi we chase the miracles of science to improve people’s lives. We are dedicated to making a positive impact on the lives of the patients and families we serve, and we accomplish our goals through world-class research and with the compassion and commitment of our employees.As we continue to transform the practice of medicine, the next chapter of Sanofi’s Play to Win strategy will require a focus on delivering transformation and simplification of our core processes, optimizing resource allocation and deployment to fuel business growth and investment in science.To facilitate this transformation, a new Business Operations Business Unit is being established, bringing together existing business service activities, and driving further expansion of centralized services at scale into a global unit, with a focus on driving simplification, efficiency, and productivity.This new Business Unit will enable the delivery of best-in-class business support capabilities across the organization, incorporating and engaging disparate teams from across areas such as RD, MS, the Corporate Functions and GBUs into new global Service Delivery Towers with initial services spanning Commercial, Finance, Procurement and People Culture.


Reporting to the AP Team lead, the Source to Pay (S2P) Accounting Specialist is primarily responsible for P2P Account Monitoring, Reconciliation Review and troubleshooting. Management of offshore accounting resources to ensure ongoing clearing and reconciliation of P2P accounts (primarily Accounts Payable account). Follow-up and problem-solving with other functional groups (e.g. Treasury) within the company to resolve clearing and reconciliation issues. Supports Merger Acquisition activity as it impacts P2P accounts. Ensures P2P account operations are aligned with the Global Core Model.


MAIN RESPONSIBILITIES:


Manage and oversee the work being done by the BPO outsourced team as it relates to clearing, monitoring and reconciling all S2P accounts including liability accounts such as Goods receipt/Invoice receipt account (GR/IR), 3rd party Trade payables account, Unclaimed Property account, travel and Expense account, Cash transit, Prepaid Expenses, Other Accruals, and other accounts under S2P per Core Model guidelines.
Monitor monthly aging and ending balances for all in scope accounts and identify any incorrect entries or issues to resolve with respective teams prior to reporting submission, and make decisions on how to resolve issues to have the most accurate accounting

Oversee NA S2P transit cash process, and liaison with Treasury, Intercompany and other respective teams on clearing issues, including direct debits, manual postings, and aged items unidentified
Oversee and manage monthly and quarterly flux analysis process for S2P accounts and provide explanations used by A2R in the presentation to the A2R head, CFO, and Group Consolidations
Manage global projects for the S2P department as they relate to accounting, including transitions of software for GL or reconciliation purposes, alignment of account reconciliations and processes to the Core Model, account analysis, which involves analyzing all accounts in scope and proposing write-offs of aged or incorrect activity
Oversee the account reconciliation process by reviewing account reconciliations prepared by Accenture and ensuring all supporting documents are in accordance with internal control standards and submitted timely
Coordinate transversally with A2R, Finance and Treasury on complex accounting issues and propose solutions
Respond to questions from PWC, internal audit and A2R on any accounts in our scope
Assists in Merger Acquisition projects as it pertains to S2P Accounts including managing migrated accounting data and clearing such. Advising on pre-migration account entry determination.

About You:



Experience: 7+ years of experience (certified accountant preferred).
Technical Soft Skills: Strong experience in S2P accounting domain. Experience in reconciliation (bank, vendor, supplier) and GR/IR accounting experience. Good experience in handling a team and reviewing reconciliations. Excellent communication and interpersonal skills. Strong computer, organizational and time management skills are necessary. Working knowledge of SAP FI/CO/MM a plus. Public Accounting experience is preferred.
Education: Bachelor’s degree in accounting, Finance or Business Administration from an accredited four-year college or university.
Languages: Fluent in English (spoken and written). Read more