PhonePe Hiring for Financial Analyst – AP at Bengaluru, Karnataka, India Full Time

Headquartered in India, its flagship product, the PhonePe digital payments app, was launched in Aug 2016. As of April 2025, PhonePe has over 60 Crore (600 Million) registered users and a digital payments acceptance network spread across over 4 Crore (40+ million) merchants. PhonePe also processes over 33 Crore (330+ Million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore.

PhonePe’s portfolio of businesses includes the distribution of financial products (Insurance, Lending, and Wealth) as well as new consumer tech businesses (Pincode – hyperlocal e-commerce and Indus AppStore Localized App Store for the Android ecosystem) in India, which are 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 go the extra mile to make sure you can bring your best self to work, Everyday!. And that starts with creating the right environment for you. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. PhonePe-rs solve complex problems and execute quickly; often building frameworks from scratch. If you’re excited by the idea of building platforms that touch millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us!

Job Summary:

The Financial Analyst – Accounts Payable will play a crucial role in ensuring the accuracy and efficiency of indirect cost processing and analysis. This position is responsible for supporting month-end close activities, performing detailed cost analysis, and collaborating with various internal and external stakeholders. The ideal candidate will possess a solid understanding of accounting principles, strong analytical capabilities, and excellent communication skills to contribute to robust financial reporting and cost control.

Key Responsibilities:

Accounts Payable Operations & Month-End Support

• Assist in the timely and accurate processing of vendor invoices, focusing on indirect costs.
• Support the month-end close process by preparing and validating accruals and prepaid expenses related to indirect costs.
• Conduct initial reviews of indirect cost provisions to ensure appropriate accounting treatment.
• Reconcile indirect cost accounts, identifying and resolving any discrepancies or unexplained variances.
• Ensure all necessary documentation for indirect cost transactions is complete and accurately recorded.

Cost Analysis & Reporting

• Perform detailed analysis of indirect costs across various entities and cost centers.
• Identify key cost drivers, trends, and variances, providing insights to support financial decision-making.
• Support the FP&A team with data and analysis for budgeting and forecasting indirect costs.
• Contribute to the preparation of regular cost reports, highlighting areas for potential savings or efficiency improvements.
• Assist in revenue analysis as needed, providing comprehensive financial insights.

Stakeholder Coordination & Query Resolution

• Act as a key point of contact for internal teams (finance, procurement, business units) and external vendors regarding indirect cost inquiries.
• Collaborate with stakeholders to gather necessary supporting documents for accruals, cost allocations, and invoice processing.
• Address and resolve invoice discrepancies, payment issues, and contract-related clarifications with vendors.
• Assist in providing documentation and explanations during statutory, tax, and internal audits.

Compliance & Process Adherence

• Ensure all Accounts Payable activities adhere to company policies, accounting standards, and regulatory requirements, including GST (Goods and Services Tax) and TDS (Tax Deducted at Source) regulations.
• Identify and suggest potential improvements for Accounts Payable processes to enhance efficiency and accuracy.
• Support initiatives aimed at streamlining invoice processing and indirect cost tracking.

Qualifications

• Chartered Accountant (CA) qualification with 1-2 years of post-qualification experience in Accounts Payable, Cost Accounting, or Financial Reporting.
• OR a Non-CA qualification with 5-10 years of progressive experience in Accounts Payable, Cost Accounting, or Financial Reporting.
• Proven experience in accrual accounting and prepaid accounting is a must.
• Prior experience in cost analysis or revenue analysis is essential.
• Familiarity with vendor invoice validation processes.

Technical Skills

• Strong understanding of accrual accounting principles, indirect cost allocations, and financial reporting.
• Solid knowledge of GST and TDS regulations and their application in Accounts Payable.
• Proficiency in ERP systems (e.g., Dynamics 365, Oracle, SAP, or similar financial modules).
• Advanced MS Excel skills for data analysis, reporting, and reconciliation are a must.
• Familiarity with data visualization tools like Power BI is a plus.

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

Our inclusive culture promotes individual expression, creativity, innovation, and achievement and in turn helps us better understand and serve our customers. We see ourselves as a place for intellectual curiosity, ideas and debates, where diverse perspectives lead to deeper understanding and better quality results. PhonePe is an equal opportunity employer and is committed to treating all its employees and job applicants equally; regardless of gender, sexual preference, religion, race, color or disability. If you have a disability or special need that requires assistance or reasonable accommodation, during the application and hiring process, including support for the interview or onboarding process, please fill out this form.

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