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Associate Manager– Finance & Accounts

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PhonePe

1mo ago

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Business, Operations & Strategy
  • Quick Apply

AI generated summary

  • You need a CA with 3-4 years' experience, IFRS/IND AS/US GAAP knowledge, strong analytical skills, IT risk assessment experience, and proficiency in Excel and Google Sheets. Fintech experience is a plus.
  • You will analyze financial metrics, ensure compliance, manage reconciliations, oversee audits, create dashboards, and automate workflows to enhance efficiency in accounting processes.

Requirements

  • A strong technical background with knowledge of IFRS/IND AS/US GAAP accounting.
  • Excellent analytical and communication skills.
  • Review of System controls and IT risk assessment.
  • Ability to work in a diverse and cross-functional environment.
  • Proficient in Microsoft Excel, Google sheets, Presentation.
  • Experience in the field of Fintech/ Lending/ NBFC is an added advantage.
  • Chartered Accountant (CA) with at least 3-4 yrs. of post qualification work experience.

Responsibilities

  • Develop clear understanding of revenue and cost drivers, preparation of monthly financial metrics and financials for the entity and provide variance, value add analysis and support stakeholders.
  • To evaluate & devise appropriate processes & internal controls framework to exercise effective financial control related to the direct costs for the company’s operations and to ensure compliance with regulatory/Group requirements and to highlight any gaps to appropriate forums for quick resolution of the issues.
  • System testing & process controls review during implementation of Revenue and Cost systems.
  • Responsible for setting up reconciliations of all fund movements, setting up of the process and workflows, monitoring them closely, and ensure complete compliance with the Laws of the Land.
  • Must have a fair understanding of digital lending guidelines
  • Create and maintain Revenue metrics for the management.
  • Identify the observations/issues/control gaps in the System/money movement/ Invoicing/collections process and highlight it to the management.
  • Accounting and reporting of Revenue & Costs in line with IFRS/ US GAAP requirements.
  • Preparation and review of balance sheet reconciliations, ensuring adequate management of working capital and preparation for cashflow projections associated with fund management.
  • MIS reporting for internal & external stakeholders.
  • Coordination and dealing with the Auditors (statutory & internal) for quarterly/ annual audits resulting in improvement of controls in various business and support functions.
  • Build, develop and maintain necessary dashboards for review and analysis of money flows.
  • Automation of existing workflows impacting accounting and reporting and reduce inefficiencies/ redundancies in the processes being followed.

FAQs

What is the job title for this position?

The job title is Associate Manager – Finance & Accounts.

What are the primary responsibilities of the Associate Manager – Finance & Accounts?

The primary responsibilities include driving accounting, system controls, finance operations, and reporting for revenue and costs, as well as developing financial metrics and conducting variance analysis.

What qualifications are required for this position?

A Chartered Accountant (CA) qualification with at least 3-4 years of post-qualification work experience is required.

What skills are essential for this role?

Essential skills include a strong technical background in IFRS/IND AS/US GAAP accounting, excellent analytical and communication skills, proficiency in Microsoft Excel and Google Sheets, and the ability to work in a diverse and cross-functional environment.

Is experience in the Fintech or lending sector beneficial for this role?

Yes, experience in the field of Fintech, Lending, or NBFC is considered an added advantage.

What kind of software and tools will I be expected to use in this position?

Proficiency in Microsoft Excel, Google Sheets, and presentation software is required, as well as familiarity with accounting and reporting systems.

What sort of employee benefits does PhonePe offer?

PhonePe offers a range of benefits including medical insurance, wellness programs, parental support, mobility benefits, retirement benefits, and assistance for higher education.

How is the work culture at PhonePe?

The work culture at PhonePe emphasizes empowerment, ownership of work, creativity, and collaboration with some of the best minds in the industry.

What type of financial reporting will I be responsible for?

You will be responsible for accounting and reporting of revenue and costs in accordance with IFRS/US GAAP requirements, as well as preparing balance sheet reconciliations and cashflow projections.

Will I have the opportunity to work with auditors in this role?

Yes, you will coordinate and deal with statutory and internal auditors for quarterly and annual audits, aiming to improve controls in various business functions.

What is expected in terms of process improvement?

You will be expected to identify control gaps and inefficiencies in processes and implement automation and workflows to enhance accounting and reporting efficiency.

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PhonePe

Technology
Industry
5001-10,000
Employees

Mission & Purpose

PhonePe is a digital payments platform based in India that enables users to perform a variety of financial transactions through their mobile devices. The company offers services such as money transfers, bill payments, recharges, and online shopping, leveraging the Unified Payments Interface (UPI) for seamless and secure transactions. PhonePe's ultimate mission is to drive financial inclusion by providing a user-friendly, accessible, and secure digital payment solution that caters to a diverse range of users. Their purpose is to simplify financial transactions and promote digital financial services, thus contributing to the broader goal of a cashless economy and enhancing the financial well-being of their user