Senior Manager, Accounts Payable

Job Description

About PhonePe Group: Culture Experience: 7 to 10 years experience Job Summary: We are looking for a highly skilled and detail-oriented Senior Manager - Accounts Payable to oversee Procure-to-Pay (P2P) lead accrual, cost management process. The ideal candidate will have strong expertise in accounting standards, accrual management, cost analysis, and AP-related reporting. This role requires effective team management, stakeholder collaboration, and process improvement initiatives 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 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: Chartered Accountant (ICAI) qualification with 8-10 years of post-qualification experience . Strong knowledge of accounting standards and AP-related financial reporting . Knowledge in P2P process management . Experience in cost analysis, accrual management, and indirect cost reporting . Exposure to AP-related audits (Statutory, Tax, Internal, ICFR). Proficiency in ERP systems (Fusion ERP preferred). Strong team management and leadership skills . Excellent written and verbal communication .