Associate Director, Entity Controller

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!

About the Role:

We are seeking a strategic and hands-on Financial Controller to lead the financial operations of our Lending business. This critical leadership role demands deep expertise in the NBFC lending landscape, combined with exceptional financial management, accounting, and compliance acumen. The ideal candidate is a CA with 10+ years of experience, with 5+ years exclusively within Banks, NBFCs, or Fintech NBFCs, and a proven track record of building and leading high-performing finance teams.

Responsibilities:

  • Financial Leadership: Provide strategic leadership and direction to the accounting team, ensuring accurate and timely financial reporting
  • Compliance & Regulations:
  • Lead the accounting function, ensuring adherence to Ind AS/IFRS and relevant regulations.
  • Stay updated and hands-on application of accounting regulations, standards, and best practices. Ensure the company’s accounting practices comply with relevant laws and regulations.
  • Ensure adherence to financial regulations.
  • Financial Reporting and Controls:
  • Oversee and own monthly/periodic book closure activities, focusing on accurate and timely reporting.
  • Implement and maintain robust internal controls.
  • Coordinate and manage internal and external audits independently, collaborating closely with auditors, providing necessary documentation, and ensuring compliance with auditing standards and regulations.
  • Lead the technical accounting team in establishing and maintaining accounting policies and procedures aligned with accounting standards.
  • Financial Planning & Analysis: Direct budget forecasting, variance analysis, and financial performance reporting. Provide insightful financial analysis and strategic recommendations to drive business growth.
  • Team Leadership: Mentor and develop a high-performing finance team.

Qualifications:

  • Mandatory: Chartered Accountant (CA) with 10+ years of experience exclusively within Banks, NBFCs, or Fintech NBFCs.
  • Deep expertise in Ind AS/IFRS, tax regulations, and financial reporting. US GAAP exposure is highly desirable.
  • Strong understanding of the NBFC regulatory framework and RBI guidelines.
  • Exceptional analytical, problem-solving, and decision-making skills.
  • Excellent communication and presentation skills.
  • Proficiency in financial software (e.g., Oracle).
  • Demonstrated leadership and team management skills.

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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