Accounts Payable Associate

About WeRize

Founded in 2019 by Vishal Chopra and Himanshu Gupta, WeRize is building India's largest full stack fintechplatform for 500 million underserved middle-class customers who live in 5000+ small towns of India. WeRize (Wortgage technologies pvt ltd) also owns RBI registered NBFC subsidiary (Wortgage Finance pvt ltd).

This customer segmentis not served by privatesector banks, Insurersand Mutual Fund companies due to their low ticket-size and lifetime value and is dependent on PSU/Govt. banks. PSU/Government banks rarely provide financial products beyond basic savings accounts and these customers lack access to unsecured loans, MSME loans, credit cards, affordable housing loans, loan against property , health and life insurance and investment products. WeRize manufactures innovative unsecured consumer credit, mortgages, loan against property, MSME loans,savings and insurance products designed for this customer base keeping in mind their needs, requirements and purchasing power, with a view to add a layer of financial security to their lives and enable access to credit.

While customers in these geographies use smartphones, they need properguidance and support when purchasing the right financial products for themselves. So, a pure digital model doesn't work for this segment. WeRize has innovated on this front through its Finance ki online dukaan (Social Shopify of Finance), a first of its kind social distribution tech platform in the financial services space that educates and enables local financially literate freelancers across these small towns to source business through online and offline channels, recommend the right financial product(s) to customers as well as provide after sales support.These freelancers, who are located in more than 5000+ towns and cities, earn as much as INR 30,000 a month from WeRize in commiss

ions.Our social distribution platform supported by financially literatefreelancers means exceptionally low cost of customer acquisition (CAC) and operations costs compared to both fully digital and on-the-ground financial services providers. Digital conversions among this target group are way lower when comparedto upper income customers in metros and hence pure digital CAC doesn't workfor this segment. While companies like LIC and Fino Bank also rely on freelancer distribution, they deploy local on-fieldteams/branches to manage freelancers in every city. That resultsin very high CAC and operations costs for such companies. WeRize on the other hand, has been able to acquire, train and manage thousandsof freelancers in 5000+ citiesonly through its tech platform and without any feet-on-street team of its own. This results in highly profitable business model for Werize.

To know more about the company, please visit: https://www.werize.com/

Role Summary

The Accounts Payable Associate will be responsible for managing vendor invoices, processing payments, reconciling accounts, and ensuring accurate financial records. The role requires strong Excel skills, attention to detail, knowledge of accounting principles, and the ability to work closely with internal teams and vendors to ensure smooth and timely payment operations.

Responsibilities

• Process vendor invoices, verify accuracy, and ensure compliance with internal policies.
• Perform 3-way matching (PO, GRN, Invoice) wherever applicable.
• Maintain accurate records of invoices, payments, and vendor data.
• Prepare and process weekly/biweekly payment runs.
• Reconcile vendor statements and resolve discrepancies on time.
• Coordinate with internal departments for invoice clarifications and approvals.
• Ensure proper tax deductions (TDS/GST applicability) and compliance with accounting standards.
• Maintain accounts payable ageing reports and track outstanding payments.
• Assist in month-end closing activities and support internal/external audits.
• Use Excel extensively for reporting, reconciliation, and data analysis.

Requirements

• 13 years of experience in Accounts Payable or Finance operations.
• Strong Excel skills (mandatory) vlookups, pivot tables, basic formulas.
• Good understanding of accounting principles and vendor management.
• Experience with Accounting tools (SAP, Tally, Zoho Books, QuickBooks, or similar).
• Strong communication and coordination skills.
• High attention to detail and ability to work in a fast-paced environment.
• Bachelor's degree in Commerce/Finance/Accounting (preferred).