Associate Manager - Financial Operations

About PhonePe Group: 

PhonePe is India’s 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 tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's 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 Pincode 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 end-to-end 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. Cross-Functional 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: Bachelor’s 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.

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).

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, Day-care 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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