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

BRS preparation

Inter-company accounting

Consolidation tool

Financial statements

Lease accounting

CA Industrial Training

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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