Manager, Finance(Revenue & Receivables)

Power your finance, grow your business.

Razorpay is India’s first full-stack financial solutions company. We are on a mission to enhance the payment experience of over 300 million end consumers. And in doing so, we aim to enable Indian businesses - big and small - accept payments digitally with minimal effort and maximum ease.

Razorpay has grown from being a payment gateway provider to a solutions-driven organization boasting of an extensive products suite to accept and disburse payments as well as raise capital and park money. In a nutshell, we fit into every nook and corner where your business touches money. #OutgrowOrdinary We identify ourselves as disruptors in the digital payments space and our vision is to power the financial ecosystem for other disruptors. Like attracts like and Razorpay actively looks to partner with established companies and startups that have either broken the glass ceiling in their industry or are set to.

The Razorpay Product Suite today comprises verticals, along with Payment Gateway, like Payment Links, Payment Pages, Subscriptions, Smart Collect, Route, Razorpay Capital, RazorpayX, Payroll and Thirdwatch. Razorpay was started in 2014 by two IIT Roorkee alumni, Harshil Mathur and Shashank Kumar. Just a short few years later, Razorpay has evolved into a 800-odd strong organization with some of the best talents in the country helping some of the best companies manage their money movement seamlessly. Certified cool We are a bunch of spirited, ambitious and fun folks. And no, we’re not saying this ourselves--leading institutions have recognized Razorpay for the high trust and high-performance culture that we maintain. Our strength lies in the people we are and we go to great lengths to nurture a family of coders, designers, sellers, marketers, analysts, writers, runners, photographers, gamers, tinkerers, and above all, people who are dreamers and doers at the same time. Be a part of our exciting journey

The Role:

We are hiring a finance leader to own Revenue Accounting and Accounts Receivable for a high-volume fintech / payment gateway business. This role will manage merchant billing, settlements, gateway collections, and revenue recognition, ensuring accuracy, compliance, and strong financial controls across millions of transactions.

The role will act as the finance bridge between Product, Engineering, Banks, and Business teams, ensuring revenue flows, settlement data, and SAP S/4HANA books are fully aligned.

Key Responsibilities:

Merchant Billing, Settlements & Accounts Receivable

Own end-to-end merchant billing, settlements, and collections

Ensure accurate fee computation, MDR, refunds, reversals, and chargebacks

Manage merchant ledgers, unapplied balances, net-off and recovery

Track over-settlements, short settlements, and recovery accounting

Revenue Accounting (Payments & Fintech)

Ensure revenue is booked in line with Ind AS 115 / IFRS 15 for:

Transaction-based fees

Gateway MDR

Platform and subscription revenue

Incentives, cashbacks, and merchant pricing

Own gross vs net revenue validation across payment rails

Manage deferred revenue, unbilled revenue, and true-ups

SAP S/4HANA – Payments Revenue Flow

Own SAP S/4HANA FI-AR, SD, and Revenue Accounting for fintech revenue

Ensure settlement files, bank credits, and product data flow correctly into SAP

Drive automation of reconciliation between:

Gateway → Bank → Settlement → SAP → Merchant Ledger

Handle posting failures, revenue mismatches, and suspense accounts

Reconciliation & Controls

Lead daily and monthly:

I) Bank vs settlement vs SAP vs merchant ledger reconciliations

II) Refunds, chargebacks, and reversal tracking

Ensure zero revenue leakage and timely recovery

Monitor open items, ageing, and disputes

Audit, Compliance & Risk

Own revenue and AR audit for statutory, internal, and regulatory reviews

Provide support for RBI / payment audit, SOC, and SOX controls

Maintain strong SOPs, controls, and documentation

Cross-functional Ownership

Partner with Product & Tech on pricing logic, fee rules, and system changes

Work with Banking, Ops, and Merchant Support for after sale services

Mandatory Qualifications:

CA

4 – 8+ years in Revenue, AR, or Finance Operations, preferably in Fintech, Payments, SaaS, or E-commerce

Strong hands-on experience with SAP S/4HANA

Deep understanding of

I) Payment gateway settlements

II) High-volume transaction accounting

Solid working knowledge of Ind AS 115 / IFRS 15

GST and TDS reconciliations

Key skills:

Fintech revenue and settlement accounting

SAP S/4HANA (FI-AR, SD, RAR)

Bank & gateway reconciliation

Data-driven problem solving

Strong control mindset and audit readiness

Ability to work with Product, Tech, and Banking partners