Senior Manager Accounts Payable

About PhonePe Group:

PhonePe is Indias leading digital payments company with 50 crore 500 Million) registered users and 3.7 crore 37 Million) merchants covering over 99 of the postal codes across India. On the back of its leadership in digital payments PhonePe has expanded into financial services (Insurance Mutual Funds Stock Broking and Lending) as well as adjacent techenabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is Indias first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the companys vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.

Culture

At PhonePe we take extra care to make sure you give your best at work Everyday! And creating the right environment for you is just one of the things we do. We empower people and trust them to do the right thing. Here you own your work from start to finish right from day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building technology that impacts millions ideating with some of the best minds in the country and executing on your dreams with purpose and speed join us!

Experience:7 to 10 years experience

Job Summary:

We are looking for a highly skilled and detailorientedSenior Manager Accounts Payableto oversee ProcuretoPay (P2P) & lead accrual cost management process. The ideal candidate will have strong expertise in accounting standards accrual management cost analysis and APrelated reporting. This role requires effective team management stakeholder collaboration and process improvement initiatives to ensure seamless accounts payable operations.

Key Responsibilities:

Accounts Payable & ProcuretoPay Process

• Oversee theProcuretoPay (P2P) process ensuring timely and accurate vendor payments.
• Manage vendor reconciliations advance payments and resolution of outstanding issues.
• Ensure compliance with company policies taxation laws (GST/TDS) and regulatory requirements in AP operations.

Financial Reporting & Accrual Management

• Performindirect cost analysis and reporting ensuring accurate cost allocation.
• Manageindirect cost accruals ensuring timely and accurate recognition of expenses.
• Oversee APrelatedmonthly quarterly and yearly financial reportingfor management and auditors.
• Drivecost optimization initiativesby identifying opportunities for process efficiency.

Audit & Compliance

• Leadinternal and external auditsrelated to Accounts Payable.
• Ensure compliance withaccounting standards and internal financial controls(ICFR).
• Implement best practices to improve governance and risk management in AP operations.

ERP & System Implementation

• Manage and optimize Accounts Payable processes withinFusion ERPor similar platforms (preferable).
• Support automation initiatives to improve efficiency and accuracy in invoice processing.

Team Leadership & Stakeholder Management

• Lead and mentor a team ensuringefficient work allocation and monitoring.
• Collaborate with procurement finance and business stakeholders to streamline processes.
• Maintain strongwritten and oral communication skillsto effectively engage with internal and external partners.

Key Requirements:

Chartered Accountant (ICAI) qualificationwith810 years of postqualification experience.
Strong knowledge ofaccounting standards and APrelated financial reporting.
Knowledge inP2P process management.
Experience incost analysis accrual management and indirect cost reporting.
Exposure toAPrelated audits(Statutory Tax Internal ICFR).
Proficiency inERP systems(Fusion ERP preferred).
Strongteam management and leadership skills.
Excellentwritten and verbal communication.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)

• Insurance Benefits Medical Insurance Critical Illness Insurance Accidental Insurance Life Insurance
• Wellness Program Employee Assistance Program Onsite Medical Center Emergency Support System
• Parental Support Maternity Benefit Paternity Benefit Program Adoption Assistance Program Daycare Support Program
• Mobility Benefits Relocation benefits Transfer Support Policy Travel Policy
• Retirement Benefits Employee PF Contribution Flexible PF Contribution Gratuity NPS Leave Encashment
• Other Benefits Higher Education Assistance Car Lease Salary Advance Policy

Working at PhonePe is a rewarding experience! Great people a work environment that thrives on creativity the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.

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