Senior Manager, Accounts Payable

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!

Experience: 7 to 10 years’ experience

Job Summary:

We are looking for a highly skilled and detail-oriented Senior Manager – Accounts Payable to oversee Procure-to-Pay (P2P) & lead accrual, cost management process. The ideal candidate will have strong expertise in accounting standards, accrual management, cost analysis, and AP-related reporting. This role requires effective team management, stakeholder collaboration, and process improvement initiatives to ensure seamless accounts payable operations.

Key Responsibilities:

Accounts Payable & Procure-to-Pay Process

• Oversee the Procure-to-Pay (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

• Perform indirect cost analysis and reporting, ensuring accurate cost allocation.
• Manage indirect cost accruals, ensuring timely and accurate recognition of expenses.
• Oversee AP-related monthly, quarterly, and yearly financial reporting for management and auditors.
• Drive cost optimization initiatives by identifying opportunities for process efficiency.

Audit & Compliance

• Lead internal and external audits related to Accounts Payable.
• Ensure compliance with accounting 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 within Fusion ERP or similar platforms (preferable).
• Support automation initiatives to improve efficiency and accuracy in invoice processing.

Team Leadership & Stakeholder Management

• Lead and mentor a team, ensuring efficient work allocation and monitoring.
• Collaborate with procurement, finance, and business stakeholders to streamline processes.
• Maintain strong written and oral communication skills to effectively engage with internal and external partners.

Key Requirements:

Chartered Accountant (ICAI) qualification with 8–10 years of post-qualification experience.
Strong knowledge of accounting standards and AP-related financial reporting.
Knowledge in P2P process management.
Experience in cost analysis, accrual management, and indirect cost reporting.
Exposure to AP-related audits (Statutory, Tax, Internal, ICFR).
Proficiency in ERP systems (Fusion ERP preferred).
Strong team management and leadership skills.
Excellent written 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, 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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