Associate Manager Accounts Payable Indirect Cost Analysis

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!

Job Summary:

The AP Assistant Manager will be responsible for the monthend closure of indirect costs cost analysis and coordination with relevant stakeholders to ensure accurate financial reporting and cost control. The role requires strong analytical skills a deep understanding of accounting principles and the ability to work collaboratively across departments.

Key Responsibilities:

1. Indirect Cost Closure & MonthEnd Activities:

• Ensure timely and accurate monthend closure ofindirect costs.
• Review and validateaccruals prepayments and indirect cost provisionsto ensure proper accounting treatment.
• Reconcileindirect cost accountsand ensure no unexplained variances.
• Ensure all vendor invoices related to indirect costs are processed in a timely manner.

1. Cost Analysis & Reporting:

• Conduct adetailed analysis of indirect costsfor various entity & cost centres.
• Provide insights intocost drivers trends and variancesto support decisionmaking.
• Work closely with theFP&A teamto support budgeting and forecasting of indirect costs.

1. Stakeholder Coordination & Query Resolution:

• Act as aliaison between finance procurement business teams and vendorsfor indirect costrelated matters.
• Coordinate with internal stakeholders to gather supporting documents for accruals and cost allocations.
• Ensure smooth communication with external vendors to resolveinvoice discrepancies payment issues and contractrelated clarifications.
• Collaborate with auditors duringstatutory tax and internal audits providing necessary documentation and explanations.

1. Process Improvement & Compliance:

• Identifyprocess gaps and inefficienciesin indirect cost accounting and drive improvements.
• Support automation initiatives to streamline invoice processing and indirect cost tracking.
• Ensure adherence tocompany policies accounting standards and regulatory requirements.

Key Requirements:

Education & Experience:

• Chartered Accountant CAqualification.
• 23 years of experiencein Accounts Payable Cost Accounting or Financial Reporting.
• Prior experience in handlingindirect cost closure cost analysis and stakeholder coordinationis preferred.

Technical Skills:

• Strong understanding ofaccrual accounting indirect cost allocations and financial reporting.
• Proficiency inERP systems (Dynamics 365 Oracle or any other relevant tool).
• Handson experience withMS Excel Power BI or other data analysis toolsfor cost reporting.

Soft Skills:

• Excellentanalytical and problemsolving skills.
• Strong communication and stakeholder management abilities.
• Ability tohandle multiple priorities work under tight deadlines and drive process improvements.

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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