Finance Executive, Insurance at PhonePe

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, FintechIndustries

Requirements

At least 1 year of experience in financial operations
Proven track record of handling reconciliations
Experience with automation projects
Hands-on experience with data visualization tools like Power BI
Strong command of Microsoft Excel (advanced formulas, pivot tables, VLOOKUP, etc.)
Experience in financial process automation using tools or programming scripts (e.g., Python)
Bachelor’s degree in Finance, Accounting, Business Administration, Btech or related field
Excellent communication skills with the ability to convey complex financial information clearly and concisely

Responsibilities

Perform reconciliations with third party reports, identify gaps, communicate with relevant stakeholders and bring the issues to closure
Identify opportunities for automation in existing financial workflows and collaborate with IT and finance teams to deploy automation solutions using tools and scripts
Leverage Power BI or similar data visualization tools to create dashboards and reports, providing actionable insights to drive business decisions
Develop and maintain complex Excel models to support financial analysis, reporting, and business planning activities
Work closely with various departments (Finance, IT, and Operations) to understand requirements and implement financial solutions

Skills

Reconciliations

Financial Operations

Automation

Power BI

Microsoft Excel

PhonePe

Digital payments and financial services platform

About PhonePe

PhonePe is a digital payments platform in India that allows individuals and businesses to conduct financial transactions securely and efficiently. It primarily operates through the Unified Payments Interface (UPI), enabling users to transfer money directly between bank accounts using their mobile phones. PhonePe differentiates itself by offering a wide range of services, including various insurance products and investment solutions, while maintaining a user-friendly interface and strong security measures. The company's goal is to make digital payments accessible to the next billion users in India, positively impacting the country's financial ecosystem.

Bengaluru, IndiaHeadquarters

2015Year Founded

$1,823.7MTotal Funding

GROWTH_EQUITY_VCCompany Stage

Consumer Software, Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance

Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System

Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program

Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy

Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment

Other Benefits - Higher Education Assistance, Car Lease, Mobile & Broadband Reimbursements, Salary Advance Policy

Risks

Increased competition in quick commerce could dilute PhonePe's market share.

Legal challenges like trademark infringement lawsuits may increase costs and damage brand.

Market cap restrictions in India's digital payments sector could impact PhonePe's valuation.

Differentiation

PhonePe integrates with ONDC, expanding into quick commerce beyond traditional payments.

Affordable insurance products like Dengue and Malaria plans attract health-conscious customers.

Proprietary solutions development enhances control over payment processes post-Juspay partnership termination.

Upsides

IPO and new funding round could expand services and market reach.

Manish Sabharwal's appointment strengthens governance and investor confidence.

Integration with ONDC positions PhonePe as a leader in digital marketplace services.

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