PhonePe Decision Scientist is Growing: Explore New Career Paths

About PhonePe

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.

PhonePe, a leading digital payment platform in India, was founded in December 2015 by Sameer Nigam, Rahul Chari, and Burzin Engineer. As an integral part of the fintech landscape, PhonePe has rapidly evolved to become a vital player in the digital payments ecosystem. Initially launched as a unified payments interface (UPI) app, PhonePe has expanded its suite of services to include a comprehensive range of financial solutions, catering to millions of users across the country.

The core services offered by PhonePe encompass digital payments, money transfers, and a variety of financial services. Through its UPI-based platform, users can seamlessly transfer money between bank accounts, pay for goods and services, and manage their finances with ease. Additionally, PhonePe provides a wide array of services, including mobile recharges, utility bill payments, and insurance products, making it a one-stop solution for daily financial needs.

PhonePe’s mission is to make digital payments universally accessible and to simplify financial transactions for everyone. This mission is underscored by the company’s vision to drive financial inclusion and empower individuals and businesses alike. PhonePe’s core values of innovation, customer-centricity, and trust have been pivotal in its journey, enabling the company to build a robust and secure platform that millions of users rely on daily.

As a pioneer in the fintech industry, PhonePe has consistently introduced innovative features and services, positioning itself as a leader in the market. The company’s commitment to delivering a seamless and secure user experience has garnered it a loyal customer base, and its continuous efforts to enhance its offerings have solidified its reputation as a trusted name in digital payments. Through strategic partnerships and a relentless focus on user needs, PhonePe remains at the forefront of the fintech revolution in India.

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!

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PhonePe Job Recruitment 2024 Off Campus Drive

PhonePe Job Description

Position: Decision Scientist

Roles and Responsibilities:-

• Regular analysis of the transaction and customer behaviour data to identify the key fraud trends and develop strategies to prevent the fraud and reduce genuine customer impact.
• Develop key fraud metrics across different merchant categories and communicate portfolio trends with the respective stakeholders.
• Support ad hoc analytical projects.
• Interact with cross functional teams (product, tech, operation, compliance, business) to develop fraud risk solutions.
• Proactively identify opportunities to enhance the current fraud risk management process.
• Explore new tools and features for better fraud prevention.
• Work closely with the business team in developing strategies for the new product launch.

Skills and Qualifications:-

• Bachelor’s in engineering  or Master’s degree in Management, Maths, Statistics or related quantitative discipline.
• You must have 3+ years of experience in data analytics / risk analytics / business analytics.
• Proficient in SQL. Should be able to write queries to manipulate and consolidate data from multiple data sources.
• Excellent Excel skills.
• Strong quantitative abilities, distinctive problem-solving and excellent analytical skills.
• Strong organisational, communication, presentation and project management skills.
• Good working knowledge of programming languages like Python, R, SAS.
• Theoretical and practical knowledge of statistical techniques such as regression, segmentation, forecasting.
• Working experience with BI tools (QlikView/Tableau/PowerBI/ QlikSense etc) will be an added advantage.

PhonePe Full Time Employee Benefits 

• 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, Mobile & Broadband Reimbursements, 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.

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.

Life at PhonePe

PhonePe in the news

How To Apply for PhonePe Decision Scientist Job?

All interested and eligible candidates can apply for PhonePe Decision Scientist Job online by the following link as soon as possible

1. Visit the PhonePe Jobs & Careers page through the provided link.
2. Browse available positions and select the Data Scientist/Data Analyst role.
3. Review the PhonePe job description and ensure you meet the eligibility criteria.
4. Click on the “Apply For This Job” button to start the application process.
5. Fill in your personal details, educational background, and work experience accurately.

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Key Features and Services of PhonePe

PhonePe stands as one of India’s leading digital payment platforms, offering a wide array of features and services that cater to the diverse needs of its users. At its core, the PhonePe app is designed with a user-friendly interface, ensuring that even those new to digital payments can navigate it with ease. The app facilitates a range of transactions, prominently featuring Unified Payments Interface (UPI) payments, which allow users to transfer money instantly between bank accounts without the need for account details.

Beyond UPI payments, PhonePe extends its services to include mobile recharges, bill payments, and DTH recharges. Whether it’s topping up a prepaid mobile number or settling utility bills, users can accomplish these tasks seamlessly within the app. Additionally, PhonePe enables payments for insurance premiums, credit card bills, and even mutual fund investments, broadening its utility in everyday financial management.

Recent innovations have further enhanced PhonePe’s service offerings. The introduction of the PhonePe Switch allows users to access a myriad of apps and services within the PhonePe ecosystem, ranging from food delivery to travel bookings. This integration simplifies the user experience, providing a one-stop solution for various needs. Furthermore, strategic partnerships with banks, financial institutions, and service providers have fortified PhonePe’s position in the digital payments landscape, ensuring a secure and reliable platform for its users.

Security remains a paramount focus for PhonePe. The app employs multi-layered security measures, including device binding, encryption, and two-factor authentication, to protect user data and transactions. These features instill confidence among users, encouraging the adoption of digital payments. PhonePe’s commitment to convenience and security underscores its mission to transform how users handle their financial transactions, making it an indispensable tool in the digital age.

Understanding the Role of a Decision Scientist at PhonePe

The role of a Decision Scientist at PhonePe is pivotal in guiding data-driven decision-making processes, which are integral to the company’s success. Decision Scientists are tasked with a multitude of responsibilities, including data analysis, predictive modeling, and providing robust decision support. By leveraging vast amounts of data, these professionals help optimize business strategies and enhance the overall user experience.

One of the primary responsibilities of a Decision Scientist is to perform comprehensive data analysis. This involves extracting and cleaning data from various sources, identifying trends, and generating actionable insights. By employing statistical techniques and data mining methods, they uncover patterns that inform strategic business decisions. Another critical aspect of their role is predictive modeling, where they build and implement models to forecast future trends and behaviors. These models are instrumental in anticipating customer needs, managing risks, and optimizing operations.

Decision support is another key function of this role. Decision Scientists provide analytical support to different teams within PhonePe, enabling them to make informed decisions. Whether it’s marketing, product development, or customer service, their insights help drive initiatives that align with the company’s objectives. This support often involves the creation of dashboards and reports that visualize complex data in an understandable format, making it easier for stakeholders to grasp important metrics and trends.

The tools and technologies used by Decision Scientists at PhonePe are at the cutting edge of the industry. They frequently utilize programming languages such as Python and R for statistical analysis and modeling. Tools like SQL are used for database management, while machine learning frameworks such as TensorFlow and Scikit-learn are employed for developing predictive models. Visualization tools like Tableau and Power BI are also commonly used to create interactive and insightful data presentations.

To succeed as a Decision Scientist at PhonePe, a robust set of skills and qualifications is required. A strong background in statistics, mathematics, and computer science is essential. Proficiency in programming languages, experience with machine learning techniques, and a solid understanding of data visualization are also critical. Additionally, excellent problem-solving skills and the ability to communicate complex data insights clearly to non-technical stakeholders are crucial for this role.

Career Opportunities and Growth Prospects for Decision Scientists at PhonePe

PhonePe offers a dynamic and inclusive environment for Decision Scientists, emphasizing continual professional growth and development. The company is committed to fostering a culture where employees are encouraged to innovate and take ownership of meaningful projects. Decision Scientists at PhonePe benefit from a structured career path that provides clear opportunities for advancement. Whether you are starting as a junior analyst or stepping into a senior decision-making role, PhonePe ensures that your career trajectory is both challenging and rewarding.

PhonePe’s work culture is built on collaboration, diversity, and inclusivity. Employees are given the freedom to experiment, fail, and learn, which nurtures a robust learning environment. The company supports professional development through various training programs, workshops, and mentorship opportunities. Decision Scientists can expect to work on cutting-edge projects that have a significant impact on the company’s strategic direction, providing ample opportunities to hone their skills and grow within the organization.

In terms of benefits and perks, PhonePe offers a comprehensive package that includes competitive salaries, performance bonuses, health insurance, and wellness programs. Employees also enjoy a flexible work environment that supports work-life balance, including options for remote working. Additionally, PhonePe organizes regular team-building activities and events to foster camaraderie and a sense of community among employees.

Testimonials from current employees highlight the supportive and engaging atmosphere at PhonePe. Many Decision Scientists appreciate the company’s commitment to their personal and professional growth, noting the accessibility of senior leadership and the open communication channels within the organization. This positive feedback underscores the company’s dedication to creating a fulfilling workplace.

For those interested in pursuing a career as a Decision Scientist at PhonePe, the application process is straightforward. Candidates can apply through PhonePe’s official careers page, where they can find detailed job descriptions and requirements. The recruitment process typically involves multiple stages, including an initial screening, technical assessments, and interviews with team members and senior leaders. Candidates can expect a thorough evaluation of their technical skills, problem-solving abilities, and cultural fit within the company.

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