Associate Manager - Accounts Receivable
Job Summary
Job Description
- Oversee end-to-end accounts receivable processes
- Monitor AR aging reports and minimize DSO
- Perform daily settlement reconciliations
- Prepare monthly revenue reconciliations
- Lead revenue automation initiatives
- Collaborate with IT and other departments
- Develop and maintain AR KPIs
- Proficiency in Excel
- Strong communication skills
- CA intermediate preferred
- Experience with financial ERP systems
- Experience with automation tools
- Medical Insurance
- Critical Illness Insurance
- Accidental Insurance
- Life Insurance
- Employee Assistance Program
- Onsite Medical Center
- Emergency Support System
- Maternity Benefit
- Paternity Benefit Program
- Adoption Assistance Program
- Day-care Support Program
- Relocation benefits
- Transfer Support Policy
- Travel Policy
- Employee PF Contribution
- Flexible PF Contribution
- Gratuity
- NPS
- Leave Encashment
- Higher Education Assistance
- Car Lease
- Salary Advance Policy
7 skills required
Job Details
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!
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 / CA intermediate Preferred, 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.
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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About The Company
PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).
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