Associate Manager - Finops
Associate Manager - Finops
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Job Description
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 Title: Associate Manager Financial Operations
Location: Bangalore
Position Overview:
We are looking for an Associate Manager to oversee the Financial Operations for Insurance
Business focusing on accounts receivable and revenue process automation. This role is
essential for ensuring accurate and efficient financial operations and enhancing revenue
management through technology and process improvements. The ideal candidate will play a
critical role in invoicing collections and reconciliation as well as leading automation and
process streamlining initiatives.
Key Responsibilities:
1. Financial Operations & Accounts Receivable
o Oversee endtoend accounts receivable (AR) processes including invoicing
collections and reconciliation ensuring timely and accurate processing.
o Monitor AR aging reports and work to minimize DSO (Days Sales
Outstanding) by optimizing the collection processes.
o Maintain effective credit assessments and support strong client relationships
to ensure prompt payments and effective dispute resolution.
o Monitor and perform reconciliations for settlements on a daily basis.
2. Revenue Reconciliations
o Prepare monthly reconciliations and resolve discrepancies between billing
and revenue records.
o Develop analyze and present revenue and AR reports providing actionable
insights into trends variances and financial risks.
3. Revenue Automation & Process Improvement
o Lead revenue automation initiatives identifying opportunities to streamline
billing invoicing and AR processes.
o Collaborate with IT and other departments (both internal and external) to
implement tools and systems to automate and enhance revenue workflows.
o Drive process improvement initiatives that ensure scalability accuracy and
efficiency in revenue recognition and accounts receivable functions.
4. CrossFunctional Collaboration
o Work closely with internal departments as well as with insurers to support
accurate revenue reconciliations.
5. Reporting & Analysis
o Develop and maintain KPIs for AR revenue and automation effectiveness
providing insights to senior management.
o Monitor financial performance identify opportunities for improvement and
recommend strategies to optimize revenue and AR efficiency.
o Deliver regular financial reports on revenue AR aging and automation
impact summarizing findings and recommendations.
Qualifications:
Education: Bachelors degree in Finance Accounting Business Administration or a
related field; advanced degree (MBA MFin) preferred.
Experience: 5 years of experience in financial operations with expertise in accounts
receivable revenue recognition and automation processes preferably in the
insurance or financial services industry.
Skills:
o Experience with financial ERP systems automation tools and proficiency in
Excel.
o Strong communication skills with the ability to work collaboratively across
functions.
Preferred Qualifications:
Experience in implementing revenue automation tools or robotic process automation
(RPA).
Familiarity with insurance industry billing practices and regulatory standards.
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.
Required Experience:
Manager
Employment Type
Full Time
