Finance Intern at PhonePe

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Fintech, Digital PaymentsIndustries

Requirements

CA Final student eligible for Industrial Training
Having Articleship or work experience from Big-4 or mid-size CA firm
Strong understanding of Auditing Standards, Internal Controls, and GST/TDS applicability
Proficiency in accounting entries
Proficiency in MS Excel (VLOOKUP, Pivot Tables, etc.)
Must be registered as an articled assistant with ICAI
Available for a minimum period of 12 months
Permission from the current Principal CA to transfer for Industrial Training
Must be immediate joiner

Responsibilities

BRS preparation
Inter-company accounting
Working on consolidation tool
Preparation of financials of Private Limited Company
Lease accounting
Preparation and posting of Journal Entries
Audit support
IFC controls documentation
Other Accounting and audit requirements

Skills

Key technologies and capabilities for this role

BRS preparationInter-company accountingConsolidation toolFinancial statementsLease accountingCA Industrial Training

Questions & Answers

Common questions about this position

What is the location and work arrangement for this Finance Intern position?

The position is located in Bangalore, Karnataka and requires on-site work.

What is the duration of the CA Industrial Trainee role?

The internship duration is 12 months, as per ICAI Industrial Training Regulations.

What technical skills are required for this Finance Intern role?

Candidates need a strong understanding of Auditing Standards, Internal Controls, and GST/TDS applicability, proficiency in accounting entries, and mandatory proficiency in MS Excel including VLOOKUP and Pivot Tables.

What is PhonePe's company culture like for interns?

PhonePe empowers people, trusts them to do the right thing, and allows ownership of work from day one. They foster an environment where employees solve complex problems, execute quickly, and build platforms that impact millions.

What are the eligibility criteria and application tips for this CA Industrial Trainee position?

Must be a CA Final student eligible for Industrial Training, registered as an articled assistant with ICAI, available for 12 months, have permission from current Principal CA, and be an immediate joiner. Having Articleship or work experience from Big-4 or mid-size CA firm strengthens candidacy.

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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