Senior Manager, Accounting Job in Phonepe

Job Title: Senior Manager Accounts Payable

About PhonePe Group

PhonePe is India s leading digital payments company with 500 million registered users and 37 million merchants, covering over 99% of India s postal codes. Building on its leadership in digital payments, PhonePe has expanded into financial services, including insurance, mutual funds, stock broking, and lending. It has also ventured into adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store, 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 create an environment that empowers people to give their best every day. We trust our team to do the right thing and provide the space to own your work from start to finish. Enthusiasm for technology is at the heart of PhonePe, and if you're passionate about building solutions that impact millions, ideating with the best minds, and executing with purpose and speed, we want you on our team!

Experience: 7 to 10 years experience

Job Summary

We are looking for a highly skilled and detail-oriented Senior Manager Accounts Payable to oversee the Procure-to-Pay (P2P) process and lead accrual and cost management processes. The ideal candidate will have a strong background in accounting standards, accrual management, cost analysis, and AP-related reporting. This role requires effective team leadership, stakeholder collaboration, and a focus on continuous process improvements 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 the 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

• Qualification: Chartered Accountant (ICAI) with 8 10 years of post-qualification experience.
• Experience: Strong knowledge of accounting standards and AP-related financial reporting.
• Skills: Expertise in P2P process management, cost analysis, accrual management, and indirect cost reporting.
• Audit Exposure: Exposure to AP-related audits (Statutory, Tax, Internal, ICFR).
• ERP Systems: Proficiency in ERP systems (Fusion ERP preferred).
• Leadership: Strong team management and leadership skills.
• Communication: Excellent written and verbal communication skills.

PhonePe Full-Time Employee Benefits

• 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 and Paternity Benefits, Adoption Assistance Program, Day-care Support.
• 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.

Why Work at PhonePe

PhonePe offers a rewarding experience, with great people, a work environment that thrives on creativity, and the opportunity to take on roles beyond the defined job description. Join us and be part of a company that values innovation, growth, and your career development!