Manager, Business Finance

3 Minutes ago • 5 Years +

Job Summary

Job Description

The Manager, Business Finance will be responsible for conducting monthly business reviews, organization-wide financial and business planning, and preparing financial reports. This role involves publishing mid-month financial outlooks, creating business review decks, and developing annual operating plans. The manager will also be responsible for analyzing costs, forecasting policy impacts, and conducting benchmarking. The role requires a deep understanding of financial trends and the ability to communicate recommendations to stakeholders. The candidate will work closely with business finance and business teams to prepare financial plans, interpret financial information, and ensure capital adequacy. The role requires proactive forecasting, knowledge base building, and participation in corporate strategy projects. The responsibilities also include conducting reviews and evaluations for cost-reduction opportunities.
Must have:
  • 5+ years of work experience
  • Proficiency in financial modelling and presentations
  • Strong analytical skills
  • Proactive and self-motivated
Good to have:
  • Experience in Corporate Finance, FP&A or Business Finance
  • Understanding of financial trends
  • Experience in Ecommerce/ Fintech/ start-ups
Perks:
  • Medical Insurance
  • Wellness Program
  • Parental Support
  • Mobility Benefits
  • Retirement Benefits
  • Other Benefits

Job Details

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!

Minimum Qualifications

  • Chartered Accountant / MBA with 5+ year of work experience
  • Strong Proficiency in financial modelling and presentations
  • Strong analytical skills and problem-solving skills
  • Proactive, takes initiative, self-motivated, team player
  • Strong stake holder management and interpersonal skills

Preferred Qualifications

  • Prior experience in Corporate Finance, FP&A or Business Finance
  • Extensive understanding of financial trends both within the company and general market patterns
  • Business acumen, Analytical approach, understanding of general business development and operations
  • Commercial Negotiations, Partnerships, Alliances is preferred
  • Prior experience in Ecommerce/ Fintech/ start-ups/Consumer Tech

Responsibilities 

  • Conducting monthly business reviews and organization wide financial and business planning exercise
  • Publish mid-month financial outlook for every month to the financial leadership group
  • Creating business review decks and orchestrating meeting as central POC with the broader org
  • Creating the Annual Operating Plan for all PhonePe business functions and refresh the outlook for the year every quarter by working with business finance and business teams
  • Prepare long-term and short-term business and financial plans for the entire company and if and when needed, financial plans for evaluation of new businesses
  • Provide financial reports and interpret financial information to business finance and business teams while recommending further courses of action
  • Analyse costs, pricing, variable contributions, growth results and the company's actual performance compared to the business plans
  • Ensure capital adequacy by doing a monthly refresh of cash flow projections
  • Conduct reviews and evaluations for cost-reduction opportunities
  • Pro-active forecasting of impact of policy / assumption changes to business models and communication of the same to all stakeholders
  • Build knowledge base on global and local peers (business / financial performance) to shape our strategy and eventually sharpen IPO readiness. Conduct data analysis for sector / industry deep dives, emerging opportunities and partner in corporate strategy projects
  • External benchmarking and peer review

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.

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About The Company

PhonePe was founded in December 2015 and has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike. With 48 crore (480 Million) registered users, one in four Indians are now on PhonePe. The company has also successfully digitized 3.6 crore (36 Million) offline merchants spread across Tier 2,3,4 and beyond, covering 99% of the postal codes across India. PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45% of the transactions on the BBPS platform. PhonePe forayed into financial services in 2017, providing users with safe and convenient investing options on its platform. Since then, the company has introduced several Mutual Funds and Insurance products that offer every Indian an equal opportunity to unlock the flow of money and access to services. PhonePe was recently recognized as the Most Trusted Brand for Digital Payments as per the Brand Trust Report 2023 by Trust Research Advisory (TRA).



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