Manager - Accounting

About PhonePe Limited:

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 Purpose:

To lead the monthly and quarterly Ind AS / US GAAP financial close process, drive high-quality financial reporting andanalysis, manage GAAP adjustments, support consolidation system implementation, and deliver insightful financialpresentations to management and external stakeholders.

Key Responsibilities:

• Monthly Book Closure
  

 Lead and manage the end-to-end monthly close process.
 Ensure timely and accurate accounting of all transactions, including cut-offs, accruals, and adjustments. Collaborate with various business units and shared service teams to validate data integrity. Coordinate with auditors for periodic review of the close process.

• Variance / Flux Analysis
  

 Prepare and analyse monthly/quarterly variance reports at entity and consolidated levels.
 Perform root cause analysis for significant movements in P&L, balance sheet, and cash flow. Work closely with various stakeholders to explain and validate variances.

• Accounting and Analysis of GAAP Adjustments
  

 Identify and book US GAAP to local GAAP adjustments across multiple entities.
 Ensure proper documentation and audit trail for each adjustment. Maintain a tracker and reconciliation of cumulative GAAP differences. Liaise with technical accounting team to implement new accounting guidance and policy updates.

• Consolidation System Implementation
  

 Play a key role in the implementation of a group consolidation system.
 Coordinate with IT and system vendors for testing, validation, and go-live readiness. Establish data governance processes.

• Reconciliations
  

 Oversee balance sheet reconciliations including intercompany, equity, reserves, and GAAP adjustments.
 Review reconciliation dashboards and ensure timely resolution of open items. Partner with internal and external audit teams to support reconciliation compliance.

• Financial Statement Preparation
  

 Prepare standalone and consolidated financial statements. Ensure disclosures align with regulatory and group requirements. Support quarterly and annual external reporting processes. Drive consistency in reporting format across entities and periods.

Required Qualifications & Experience:

 Chartered Accountant 7–12 years of experience in US GAAP / Ind AS reporting, preferably in a listed environment. Hands-on experience with financial close, consolidation systems, and accounting analytics. Familiarity with consolidation tools (e.g., HFM, Oracle FCCS). Prior exposure to SOX/internal controls, audit, and technical accounting preferred.

Key Skills Competencies:

 Strong knowledge of GAAP and financial reporting frameworks. Analytical mindset with ability to deep-dive into financial data and explain variances. Excellent communication and presentation skills, with ability to engage senior stakeholders. Project management capabilities, especially for system implementation and cross-functional coordination. Detail-oriented, organized, and capable of managing multiple deadlines in a fast-paced environment.

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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