Associate Manager – Accounts Payable (Indirect Cost Analysis)

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 Summary:

The AP Assistant Manager will be responsible for the month-end closure of indirect costs, cost analysis, and coordination with relevant stakeholders to ensure accurate financial reporting and cost control. The role requires strong analytical skills, a deep understanding of accounting principles, and the ability to work collaboratively across departments.

Key Responsibilities:

• Indirect Cost Closure & Month-End Activities:
• Ensure timely and accurate month-end closure of indirect costs.
• Review and validate accruals, prepayments, and indirect cost provisions to ensure proper accounting treatment.
• Reconcile indirect cost accounts and ensure no unexplained variances.
• Ensure all vendor invoices related to indirect costs are processed in a timely manner.
• Cost Analysis & Reporting:
• Conduct a detailed analysis of indirect costs for various entity & cost centres.
• Provide insights into cost drivers, trends, and variances to support decision-making.
• Work closely with the FP&A team to support budgeting and forecasting of indirect costs.
• Stakeholder Coordination & Query Resolution:
• Act as a liaison between finance, procurement, business teams, and vendors for indirect cost-related matters.
• Coordinate with internal stakeholders to gather supporting documents for accruals and cost allocations.
• Ensure smooth communication with external vendors to resolve invoice discrepancies, payment issues, and contract-related clarifications.
• Collaborate with auditors during statutory, tax, and internal audits, providing necessary documentation and explanations.
• Process Improvement & Compliance:
• Identify process gaps and inefficiencies in indirect cost accounting and drive improvements.
• Support automation initiatives to streamline invoice processing and indirect cost tracking.
• Ensure adherence to company policies, accounting standards, and regulatory requirements.
  
  

Key Requirements:

Education & Experience:

• Chartered Accountant CA qualification.
• 2-3 years of experience in Accounts Payable, Cost Accounting, or Financial Reporting.
• Prior experience in handling indirect cost closure, cost analysis, and stakeholder coordination is preferred.
  
  

Technical Skills:

• Strong understanding of accrual accounting, indirect cost allocations, and financial reporting.
• Proficiency in ERP systems (Dynamics 365, Oracle, or any other relevant tool).
• Hands-on experience with MS Excel, Power BI, or other data analysis tools for cost reporting.
  
  

Soft Skills:

• Excellent analytical and problem-solving skills.
• Strong communication and stakeholder management abilities.
• Ability to handle multiple priorities, work under tight deadlines, and drive process improvements.
  
  

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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