Senior Manager, Controllership Payment Business at PhonePe

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Digital Payments, Financial ServicesIndustries

Requirements

Chartered Accountant (CA) with 8 to 10 years of relevant experience
Proficiency in accounting software and ERP systems
Understanding of accounting principles, Ind AS and financial reporting
Hands on experience to deal with Tech spocs for system validations & implementation
Experience in SOP, process flow, policies write up
Excellent team management & communication skills

Responsibilities

Manage and oversee the monthly book closure process, ensuring accuracy and timeliness
Participate in system upgrades and implementations, ensuring smooth transitions and minimal disruptions
Prepare and review balance sheet reconciliations, income statement analysis, and variance analysis
Support in general ledger functions, ensuring accuracy, timeliness, and compliance with company policies and accounting standards
Coordinate with external & internal auditors during audits and provide necessary documentation and explanations
Identify opportunities for process improvements and implement best practices to enhance efficiency and accuracy
Collaborate with cross-functional teams to streamline accounting processes and systems

Skills

Book Closure

Balance Sheet Reconciliations

Income Statement Analysis

Variance Analysis

System Upgrades

System Implementation

SOP Writing

Process Flows

Policies

Team Management

Communication Skills

Tech Collaboration

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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