Financial Analyst, GL at PhonePe

Kagal, Maharashtra, India

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Not SpecifiedCompensation

Internship, Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Qualification: Chartered Accountant
Preferable working experience: Intern or working experience with Big4 audit firms (financial reporting role in an industry will also help)
Experience: Fresher/1-3 years
Work location: Has to work with the team from our Bangalore office
Working level expertise in IFRS and basic understanding of US GAAP principles

Responsibilities

Taking care of finbank related activities
Bank account reconciliations and raising issues with relevant team for closure
Preparing manual TOA for refund of failed transactions to customers/merchants
Month close monitoring and reporting
Financial statements preparation
Financials review and group reporting

Skills

Key technologies and capabilities for this role

AccountingBank ReconciliationFinancial ReportingAuditGeneral LedgerTransaction Refunds

Questions & Answers

Common questions about this position

What qualifications are required for the Financial Analyst, GL role?

The role requires a Chartered Accountant qualification, with preferable experience from Big4 audit firms or financial reporting roles, and 1-3 years of experience (fresher also considered). Working level expertise in IFRS and basic understanding of US GAAP principles is expected.

Is this role remote or office-based?

The role requires working from the Bangalore office with the team.

What does PhonePe's company culture emphasize?

PhonePe empowers people, trusts them to do the right thing, gives ownership from day one, and encourages solving complex problems quickly while building frameworks from scratch in a high-impact environment.

What benefits are offered to full-time employees at PhonePe?

Full-time employees receive insurance benefits (medical, critical illness, accidental, life), wellness programs, parental support (maternity, paternity, adoption, day-care), mobility benefits (relocation, transfer, travel), and retirement benefits (PF contribution, gratuity). Note that these do not apply to interns or contract roles.

What experience makes a strong candidate for this position?

Candidates with a Chartered Accountant qualification, experience from Big4 audit firms or financial reporting, and familiarity with IFRS and US GAAP will stand out, especially with 1-3 years in month-end closing, financial statements, and group reporting.

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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