Associate - Accounts Payable

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.

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.

Dr.Reddy's Laboratories offers a competitive total rewards package including base salary determined on the basis of role, experience, skill set and location. Additionally, employees are eligible for an annual discretionary bonus, and benefits including comprehensive health care coverage, retirement savings plan and leave benefits. Additional details about total compensation and benefits will be provided during the hiring process.

Our Work Culture

Ask any employee at Dr. Reddy’s why they come to work every day and they’ll say, because Good Health Can’t Wait. This is our credo as well as the guiding principle behind all our actions. We see healthcare solutions not only as scientific formulations, but as a means to help patients lead healthier lives, and we’re always attuned to the new and the next to empower people to stay fit. And to do this, we foster a culture of empathy and dynamism. People are at the core of our journey over the last few decades. They have been supported by an enabling environment that buoys individual ability while fostering teamwork and shared success. We believe that when people with diverse skills are bound together by a common purpose and value system, they can make magic.

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/#!/

At Dr. Reddy's "Good Health …