Associate Manager Job in Bangalore at PhonePe

PhonePe is hiring for the role of Associate Manager!

Responsibilities of the Candidate:

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 entities & 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.

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.