Phonepe

• Salary: Not disclosed
• Location: Bengaluru
• Key Skills: Accounting

Job Description:

Job description 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 ofindirect costs. Review and validateaccruals, prepayments, and indirect cost provisionsto ensure proper accounting treatment. Reconcileindirect cost accountsand ensure no unexplained variances. Ensure all vendor invoices related to indirect costs are processed in a timely manner. Cost Analysis & Reporting: Conduct adetailed analysis of indirect costsfor various entity & cost centres. Provide insights intocost drivers, trends, and variancesto support decision-making. Work closely with theFP&A teamto support budgeting and forecasting of indirect costs. Stakeholder Coordination & Query Resolution: Act as aliaison between finance, procurement, business teams, and vendorsfor indirect cost-related matters. Coordinate with internal stakeholders to gather supporting documents for accruals and cost allocations. Ensure smooth communication with external vendors to resolveinvoice discrepancies, payment issues, and contract-related clarifications. Collaborate with auditors duringstatutory, tax, and internal audits, providing necessary documentation and explanations. Process Improvement & Compliance: Identifyprocess gaps and inefficienciesin indirect cost accounting and drive improvements. Support automation initiatives to streamline invoice processing and indirect cost tracking. Ensure adherence tocompany policies, accounting standards, and regulatory requirements. Key Requirements: Education & Experience: Chartered Accountant CAqualification. 2-3 years of experiencein Accounts Payable, Cost Accounting, or Financial Reporting. Prior experience in handlingindirect cost closure, cost analysis, and stakeholder coordinationis preferred. Technical Skills: Strong understanding ofaccrual accounting, indirect cost allocations, and financial reporting. Proficiency inERP systems (Dynamics 365, Oracle, or any other relevant tool). Hands-on experience withMS Excel, Power BI, or other data analysis toolsfor cost reporting. Soft Skills: Excellentanalytical and problem-solving skills. Strong communication and stakeholder management abilities. Ability tohandle 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 Role: Accounts Payable Manager Industry Type: Software Product Department: Finance & Accounting Employment Type: Full Time, Permanent Role Category: Accounting & Taxation Education UG: Any Graduate PG: Any Postgraduate Key Skills Skills highlighted with ‘‘ are preferred keyskills accountingerp systemsstakeholder managementfinancial reportingasset accounting accounts payableerporacleforecastingpower bimicrosoft dynamicsinvoice processingcost allocationbudgetingcost accountingcost analysisclosuretaxation