Finance, Accounting Graduate Vacancy at PhonePe

Overview:

PhonePe is hiring eligible and interested applicants for the post of Associate Manager- Finops at their Bengaluru, India, location. This role is essential for ensuring accurate and efficient financial operations and enhancing revenue management through technology and process improvements. The ideal candidate will play a critical role in invoicing, collections, and reconciliation, as well as leading automation and process streamlining initiatives.

To complete details for this job are as follows.

Roles and Responsibilities:

Financial Operations & Accounts Receivable

• Oversee end-to-end accounts receivable (AR) processes, including invoicing, collections, and reconciliation, ensuring timely and accurate processing.
• Monitor AR aging reports and work to minimize DSO (Days Sales Outstanding) by optimizing the collection processes.
• Maintain effective credit assessments and support strong client relationships to ensure prompt payments and effective dispute resolution.
• Monitor and perform reconciliations for settlements on a daily basis.

Revenue Reconciliations

• Prepare monthly reconciliations and resolve discrepancies between billing and revenue records.
• Develop, analyze, and present revenue and AR reports, providing actionable insights into trends, variances, and financial risks.
• Revenue Automation & Process Improvement
• Lead revenue automation initiatives, identifying opportunities to streamline billing, invoicing, and AR processes.
• Collaborate with IT and other departments (both internal and external) to implement tools and systems to automate and enhance revenue workflows.
• Drive process improvement initiatives that ensure scalability, accuracy, and efficiency in revenue recognition and accounts receivable functions.

Cross-Functional Collaboration

• Work closely with internal departments as well as with insurers to support accurate revenue reconciliations.

Reporting & Analysis

• Develop and maintain KPIs for AR, revenue, and automation effectiveness, providing insights to senior management.
• Monitor financial performance, identify opportunities for improvement, and recommend strategies to optimize revenue and AR efficiency.
• Deliver regular financial reports on revenue, AR aging, and automation impact, summarizing findings and recommendations.

Qualifications:

• Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; advanced degree (MBA, MFin) preferred.
• Experience: 5 years of experience in financial operations, with expertise in accounts receivable, revenue recognition, and automation processes, preferably in the insurance or financial services industry.
• Skills:
  • Experience with financial ERP systems, automation tools, and proficiency in Excel.
  • Strong communication skills, with the ability to work collaboratively across functions.

Preferred Qualifications:

• Experience in implementing revenue automation tools or robotic process automation (RPA).
• Familiarity with insurance industry billing practices and regulatory standards.

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