Global Head of Procure-to-Pay, SVP - Enterprise Operations

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Blackstone’s Procurement department seeks a highly motivated, intelligent, self-starter with excellent communication skills to lead the transformation of its Procure-to-Pay function and to ensure all AP and P2P processes are operated in a controlled and efficient manner. The role will also oversee a third party BPO partner responsible for daily operations.

Responsibilities:

• Lead and manage Procure-to-Pay (P2P) transformation initiatives by leveraging Coupa’s Procure-to-Pay platform. Manage transformational roadmap and delivery.

• Lead the firm’s offshore (India) team to implement solutions and maintain a robust and error-free operational environment for AP and P2P functions

• Work closely with regional (EMEA and APAC) finance teams to ensure alignment and to comply with regulatory requirements

• Develop, implement and maintain policies and procedures – as well as process flows

• Facilitate cross-functional working sessions with other departments (e.g., IT, Finance, Treasury) to define business requirements and design solutions that increase automation and efficiencies

• Think creatively and independently to solve complex problems

• Demonstrate strong interpersonal skills and motivate teams

• Develop presentations for executive leadership – and provide program updates on a monthly basis

• Develop relationships with business units and corporate groups on policies, procedures/processes and also to manage the change associated with transformation initiatives

• Develop OKRs and metrics and continually track key results to achieve department objectives

• Develop processes, control reports, dashboards and operational processes to ensure there are reviews of outliers and exception management

Requirements:

• 15+years experience in AP and Procure-to-Pay operations

• Bachelor’s Degree in Finance, Accounting, or Business Administration; an MBA would be a plus

• Strong functional knowledge of Procure-to-Pay and Procurement Operations

• Extensive experience creating efficiencies leveraging Coupa’s Procure-to-Pay platform

• Extensive knowledge of accounting and management principles and accounts payable procedures

• At least 5 years’ experience managing third party BPO providers to achieve operational excellence and transformation objectives

• Strong planning and problem-solving skills

• Analyze information and processes; present cases using data and metrics

• Motivation to develop and maintain internal and external business relationships

• Excellent communication and interpersonal skills

• Effectively navigate across business functions and engage a variety of stakeholders to drive value and manage changes through the organization

• Extensive knowledge/experience with Coupa’s Procure-to-Pay platform as well as Oracle’s Fusion ERP

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$175,000 - $225,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job l