Specialist - ESOP Management

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!

About the Role

We're looking for a highly organized and detail-oriented specialist to join our team, focusing on the administration and management of our Employee Stock Option Plan (ESOP). This is an excellent entry-level opportunity for someone looking to build a career in equity compensation, finance, or HR operations. You'll be instrumental in maintaining accurate ESOP data, supporting reporting, and coordinating across finance and external audit teams.

Key Responsibilities

ESOP Administration & Data Management

• Data Entry and Integrity: Accurately upload, verify, and maintain all ESOP-related data (grants, vesting schedules, exercises, cancellations) in the equity management system (e.g., Shareworks, Carta, etc.).

• Record Keeping: Ensure all employee records related to ESOP participation are up-to-date and compliant with plan documents and regulatory requirements.

• Vesting Management: Monitor and track vesting events, ensuring timely and accurate communication to employees.

Reporting and Analysis

• Report Generation: Prepare routine and ad-hoc reports related to outstanding grants, vested shares, exercise activity, and overall plan utilization for internal stakeholders (HR, Leadership).

• Participant Support: Assist in preparing personalized statements and educational materials for ESOP participants.

Cross-Functional Collaboration & Compliance

• Finance Support: Work closely with the Finance and Accounting teams to provide necessary data for ESOP cost accounting and financial reporting (e.g., ASC 718/IFRS 2).

• Audit Liaison: Assist in the preparation of documentation and analysis required for internal and external audits related to the ESOP.

• Process Improvement: Identify and suggest improvements to current ESOP administration processes to increase efficiency and accuracy.

Qualifications

Required

• Education: Bachelor's degree in Finance, Accounting, Business Administration, or a related quantitative field.

• Experience: 1-2 years of experience in finance or HR - Payroll.

• Technical Skills: Advanced proficiency in Microsoft Excel (VLOOKUPs, pivot tables, data manipulation) is essential.

• Attention to Detail: Exceptional organizational skills and a strong commitment to data accuracy and quality.

Skills & Competencies

• Analytical Thinking: Ability to analyze data and identify discrepancies or trends.

• Communication: Strong written and verbal communication skills for effective interaction with employees, finance partners, and auditors.

• Integrity: High degree of discretion and ability to handle confidential and sensitive employee information.

• Proactive: A self-starter who can manage multiple tasks and deadlines effectively 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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