Associate - Accounts Payable

Dr Reddy's Laboratories Limited•Princeton, NJ

2d•Onsite

About The Position

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.

Requirements

Associate’s or Diploma in Accounting, Finance, or a related field
2+ years of experience in accounts payable
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.
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.

Responsibilities

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
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
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
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
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