By creating bearings and solutions for everything from industrial applications to vehicles, SKF plays an essential role in our everyday lives. In Q4 2026, SKF intends to spin off its Automotive business and list it as a separate company under the name of SKF Vertevo. A company created to support the future of the automotive market, and to co-drive the future of mobility faster.
This role will be a part of that new company. Would you like to join us, and move people further?
Sr. Accountant P2P (CMA) - SKF Automotive Business
We are in the process of identifying a suitable candidate for the role of Sr. Accountant P2P(CMA). This role will be based in Pune and will report to the Process Delivery Manager.
Purpose of the role:
The Procure-to-Pay (P2P) Contract Manufacturing Accounting professional will be responsible for managing end-to-end accounting and transactional activities related to contract manufacturing operations. This role ensures accurate processing of procurement transactions, inventory accounting, vendor settlements, GR/IR reconciliation, accrual management, and compliance with company policies and accounting standards.
Key responsibilities (or What you can expect in the role)
P2P Operations
- Manage end-to-end Procure-to-Pay activities for Contract Manufacturing operations.
- Process and validate supplier invoices related to raw materials, packaging materials, tolling fees, and manufacturing services.
- Ensure timely invoice matching (2-way/3-way matching) and payment processing.
- Resolve invoice discrepancies and vendor queries & Knowledge of GST, TDS & IDPMS
Month-End Close Activities
- Prepare and post accruals, provisions, and journal entries.
- Perform GR/IR reconciliation and clearing & monthly balance sheet schedules
- Support month-end, quarter-end, and year-end close processes.
Vendor & Stakeholder Management
- Coordinate with counterparts/O2C, suppliers, procurement teams, and internal stakeholders.
- Resolve payment disputes and invoice exceptions.
- Ensure adherence to vendor payment terms and corporate compliance policies.
Controls & Compliance
- Ensure compliance with SOX/internal controls and accounting policies.
- Support internal and external audits.
- Maintain proper documentation and audit trails.
- Drive process improvements and automation initiatives.
Reporting & Analytics
- Prepare operational and financial reports related to:
- Open PO analysis & aged GR/IR
- Monthly MIS
- Identify process bottlenecks and recommend corrective actions
Key Competencies
- Analytical thinking
- Problem-solving skills
- Stakeholder management
- Attention to detail
- Strong communication skills
- Team collaboration
Key Performance Indicators (KPIs)
- Invoice processing accuracy
- On-time payment performance
- GR/IR ageing reduction
- Month-end close timeliness
Requirements (or We expect you to have/be)
- Bachelor’s degree in commerce, Accounting, Finance, or Business Administration
- SAP (ECC/S4HANA), Microsoft Office, Power BI
- 5+ years of experience in P2P, Inventory Accounting, Manufacturing Accounting, or Shared Services
- Experience supporting Contract Manufacturing/Toll Manufacturing operations preferred
- Working knowledge of inventory accounting and cost accounting concepts.
If you want to go further
This position will be located
Pune, India. You will report to Process Delivery Manager, who is located in Pune. For questions regarding the recruitment process, please contact
Hema Chaudhary, Talent Acquisition Specialist, by email
[email protected]. Please note that we can't accept applications via email.
Apply with your CV in English throughout the system, no later than 09-10-2026. We will screen candidates continuously, so make sure to submit your application as soon as possible.
If you want to know more about SKF Automotive business, please visit our webpage.
SKF Automotive: Bearings & aftermarket solutions since 1907
Transparency and fairness matter to us
At SKF, we see diversity in our workforce as an asset that supports better business results. We are committed to having a fair and inclusive recruitment process where all hiring decisions are based on objective, job-related criteria, ensuring equal opportunities for all candidates.
To support a fair and transparent recruitment process, the process may include assessments, and before hiring, we may also carry out background checks and verify application information. Any employment offer will be based on the requirements of the role and an overall assessment of the candidate’s qualifications and potential. Our recruitment process may differ from country to country and will always be in line with applicable country-specific laws and regulations.
Come as you are – just be yourself. #weareSKF
