About PhonePe Group:
PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.
Culture
At PhonePe, we take extra care to make sure you give your best at work, Everyday! And creating the right environment for you is just one of the things we do. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us!
Position Purpose
The role will have primary responsibilities to drive accounting, system controls, Finance Operations and reporting for Revenue and Costs.
Job Role / Responsibilities
- Develop clear understanding of revenue and cost drivers, preparation of monthly financial metrics and financials for the entity and provide variance, value add analysis and support stakeholders.
- To evaluate &; devise appropriate processes & internal controls framework to exercise effective financial control related to the direct costs for the company’s operations and to ensure compliance with regulatory/Group requirements and to highlight any gaps to appropriate forums for quick resolution of the issues.
- System testing & process controls review during implementation of Revenue and Cost systems.
- Responsible for setting up reconciliations of all fund movements, setting up of the process and workflows, monitoring them closely, and ensure complete compliance with the Laws of the Land.
- Must have a fair understanding of digital lending guidelines
- Create and maintain Revenue metrics for the management.
- Identify the observations/issues/control gaps in the System/money movement/ Invoicing/collections process and highlight it to the management.
- Accounting and reporting of Revenue & Costs in line with IFRS/ US GAAP requirements.
- Preparation and review of balance sheet reconciliations, ensuring adequate management of working capital and preparation for cashflow projections associated with fund management.
- MIS reporting for internal & external stakeholders.
- Coordination and dealing with the Auditors (statutory & internal) for quarterly/ annual audits resulting in improvement of controls in various business and support functions.
- Build, develop and maintain necessary dashboards for review and analysis of money flows.
- Automation of existing workflows impacting accounting and reporting and reduce inefficiencies/ redundancies in the processes being followed.
Ideal Candidate
Experience/ Exposure
● A strong technical background with knowledge of IFRS/IND AS/US GAAP accounting.
● Excellent analytical and communication skills.
● Review of System controls and IT risk assessment.
● Ability to work in a diverse and cross-functional environment.
● Proficient in Microsoft Excel, Google sheets, Presentation.
● Experience in the field of Fintech/ Lending/ NBFC is an added advantage.
Education/ Qualification
● Chartered Accountant (CA) with at least 3-4 yrs. of post qualification work experience
PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)
- 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, Salary Advance Policy
Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.
