Principle Accountant at MiniMed in Pune, Maharashtra, India

Job description

• At MiniMed, you can begin a lifelong career of exploration and innovation, while helping make a difference in the lives of people living with diabetes around the globe. You'll lead with purpose, breaking down barriers to innovation for a more connected, compassionate world.
• A Day in the Life
• Our Global Diabetes Capability Center in Pune is expanding to serve more people living with diabetes globally. Our state-of-the-art facility is dedicated to transforming diabetes management through innovative solutions and Technologies that reduce the burden of living with diabetes.
• This position is an exciting opportunity to work with Minimed’s Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.

Responsibilities

• Oversee and execute end-to-end P2P activities, including invoice verification, posting, payment runs, and vendor account reconciliations in SAP.
• Coordinate and collaborate with the BPO team to ensure timely and accurate processing of invoices and resolution of exceptions.
• Review and resolve complex invoice exceptions, discrepancies, and blocked invoices escalated by the BPO partner.
• Ensure compliance with internal controls, company policies, and local statutory requirements.
• Support monthly, quarterly, and annual closing processes by preparing accruals, reconciliations, and reports related to accounts payable.
• Liaise with procurement, business units, vendors, and the BPO team to resolve queries and ensure smooth transaction flow.
• Monitor KPIs and SLAs for both in-house and BPO teams, identify process gaps, and drive continuous improvement initiatives within the P2P function.
• Assist with internal and external audits, providing necessary documentation and explanations.
• Mentor and provide guidance to junior team members within the P2P team.
• Maintain and update process documentation and standard operating procedures, including those related to BPO activities.

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum 5-7 years’ experience in accounts payable or procure to pay, preferably in a shared service center environment.
• Strong working knowledge of SAP
• Solid understanding of accounting principles and P2P processes.
• Excellent analytical, problem-solving, and communication skills.
• High attention to detail and ability to manage multiple priorities.
• Proficiency in Microsoft Office, especially Excel.
• Problem-solving and escalation handling.
• English proficiency, Spanish and/or Portuguese is a plus.

Skills

Required

• Strong working knowledge of SAP
• Problem-solving and escalation handling
• English proficiency

Preferred

• Spanish and/or Portuguese

Benefits

• MiniMed offers a competitive salary and flexible benefits package
• At MiniMed, we put people first. A commitment to our employees lives at the core of our values: We recognize their contributions. They share in the success they help create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every stage of your career and life.