Associate - Accounts Payable

Responsibilities

• Accounts Payable & Payment Operations
• Receive, review, and verify invoices for accuracy, completeness, and proper authorization, particularly for subcontracting charges
• Ensure purchase orders (POs), service entries, and GRNs are created and approved in line with Delegation of Authority (DoA)
• Monitor invoice aging, track open AP items, follow up on pending approvals, and clear aged balances
• Execute payment runs and support payment scheduling as per the company calendar
• Issue and deposit checks, as applicable
• Track and monitor on‑time payment metrics and work with user departments and KPMG to maintain >90% on‑time payment performance monthly
• Review payment opportunities to negotiate early payment discounts or higher recoveries from vendors
• Manage vendor queries, payment follow‑ups, and status updates
• Vendor & Master Data Management
• Maintain vendor master data and lead vendor onboarding and change requests
• Communicate with vendors and internal stakeholders to resolve invoice discrepancies and deviations
• Work with Supply Chain, internal departments, and KPMG to resolve PO, invoice, and payment variances
• Banking & Cash Management
• Monitor bank activities and ensure no payments are blocked due to debit filters
• Manage daily banking forecasts and balances with Citi
• Ensure timely intercompany fund transfers to group companies on a daily basis
• Financial Management & Controls
• Manage and monitor all intangible asset projects, including milestone tracking as per contract terms (past and future milestones)
• Assist in annual Opex budgeting and monthly Latest Estimate (LE) exercises
• Manage and maintain the cost center database, ensuring accurate ownership and alignment across departments
• Prepare and support annual 1099 reporting, including uploads and circulation
• Maintain organized records of invoices, payments, and supporting documentation
• Closing, Compliance & Process Improvement
• Support month‑end and year‑end close activities
• Ensure compliance with company policies, accounting standards, SOX, and audit requirements
• Provide documentation and support for internal and external audits
• Support continuous improvement initiatives within the accounts payable and payment processes
• Educational qualification: Associate's or Diploma in Accounting, Finance, or a related field
• Experience: 2+ years of experience in accounts payable
• Skills & attributes:
• Familiarity with accounting software, SAP systems and MS Excel.
• Strong attention to detail and accuracy.
• Good communication and problem-solving skills.
• Ability to manage multiple tasks and meet deadlines.
• Knowledge of three-way matching and invoice reconciliation.
• Understanding of tax regulations and vendor compliance requirements.
• Incumbent should be willing to work in person from our Princeton, NJ office.
• *Must be a U.S. citizen or lawful permanent resident of U.S. or otherwise authorized to work in the U.S. without requiring sponsorship now or in the future.
• Our Work Culture
• Equal Opportunity Employer
• An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.
• For more details, please visit our career website at https://careers.drreddys.com/#!/

Benefits

Additional Information

We are seeking an Associate - Accounts Payable in our Finance function who will be responsible for managing end‑to‑end accounts payable operations, payment execution, vendor management, banking operations, and compliance. The role works closely with Supply Chain, internal departments, and external partners (KPMG) to ensure timely payments, process adherence, and strong financial controls.

Your Match

How well this role fits your profile.

Company Intel

What employees say

Worked at Drreddyslaboratorieslimited? Share your experience