Locus - Finance Controller - CA (8-10 yrs)
1 month ago
Locus is a technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions.
- We are building The World's Best Dispatch Management Platform in Final Mile.
- Our smart supply chain solutions provide end-to-end visibility and enable enterprises to enhance their operational efficiency by reining costs, streamlining the customer experience, and reducing environmental impact.
- Headquartered at Bangalore, India, we have offices present across, North America, South East Asia, EU.
- We are a 150+ strong team and growing rapidly.
- With a strong base of investors, GIC, Singapore's sovereign wealth fund, Qualcomm Ventures LLC, Tiger Global, Falcon Edge, Blume Ventures, pi Ventures, and others.
- Locus has raised around $80 million across multiple rounds.
- Locus' scalable solutions include route optimization, real-time tracking and analytics, sales beat optimization, territory planning, vehicle allocation, and network design.
- Our future-ready platform has resulted in $150 million+ savings in logistics costs, 70 million+ kilometer reductions in distance traveled, and 17 million+ kilograms reduction in GHG emissions across clients like Nestle, Mondelez, Unilever, BigBasket, Bluedart, The Tata Group, and many others.
- The company powers deliveries across North America, Europe, Southeast Asia, Middle East, ANZ, and the Indian Subcontinent.
Backstory:
- Locus' journey is quite an interesting story.
- What began as a women's safety application is now a global last-mile logistics optimization platform.
- Back in 2015, Nishith Rastogi and Geet Garg developed RideShare, a geo-tracking application to improve women's safety in cabs by tracking deviations from predefined routes.
- They soon noticed it was adopted by many new-age food delivery companies to manage their delivery personnel.
- After some research, they identified a significant opportunity to automate and improve decision-making in last-mile logistics.
- And in July 2015, Locus was born in a 2 BHK studio apartment in Bangalore.
- Today Locus is a global organization bringing real-world growth through last-mile excellence for enterprises across industries and use cases.
Some of our milestones have been:
2016: Raised Series A round funding from Exfinity Ventures and GrowX Ventures and launched our first two offerings: Route Planning and Control Tower (formerly Dispatch IQ and TrackIQ).
2018: Achieved a landmark of 10 million successful customer orders.
2020: Raised series B funding led by Falcon Edge and Tiger Global.
Opened our first offices in North America and South East Asia.
2021: Raised Series C funding of $50 million led by GIC and Qualcomm Ventures and got recognized twice in a row as the Representative Vendor in various Gartner- Market Guides.
2022: Unveiled our real-world ready dispatch management platform, moving from product-based to platform-based offerings.
Expanded our footprint to Mexico.
Job Description:
- As the Finance Controller at Locus, you will oversee and manage the organization's financial control, bookkeeping and reporting functions.
- You will play a crucial role in ensuring financial operations' accuracy, integrity, and compliance while providing strategic financial guidance to senior management.
- This position requires a strong finance, accounting, and controllership background and excellent leadership and communication skills.
Location: Bangalore
Responsibilities:
Financial Reporting and Compliance:
- Prepare and present accurate and timely financial statements,Management of Accounting end-to-end processes, Balance Sheet reconciliation & month close process globally
- Ensure compliance with relevant accounting standards, policies, and procedures.
- Monitor changes in accounting regulations and ensure implementation of necessary adjustments.
- Process Reengineering to eliminate bottlenecks &advocate cost savings
- Manage intercompany reporting and consolidation under IFRs & US GAAP.
Financial Controls and Bookkeeping:
- Establish and maintain effective financial control policies and procedures to safeguard company assets.
- Oversee internal control activities, including risk assessment, identification of control gaps, and implementation of remedial actions.
- Conduct regular audits to ensure compliance with internal controls and recommend process improvements.
- Manage the book keeping and AR/ AP team
Budgeting and Forecasting:
- Collaborate with cross-functional teams to develop annual budgets and periodic forecasts.
- Monitor financial performance against budgeted targets, analyze variances, and provide actionable recommendations to achieve financial objectives.
- Process Reengineering to eliminate bottlenecks &advocate cost savings
Team Leadership:
- Provide leadership, guidance, and mentorship to the finance controllership team including AP/ AR team.
- Foster a culture of continuous learning, collaboration, and high-performance within the team.
Stakeholder Management:
- Collaborate with internal stakeholders, including senior management, department heads, and external auditors to address financial concerns, provide insights, and ensure alignment with business goals.
Qualifications and Skills:
- Bachelor's/PG degree in Finance, Accounting with CA
- Proven experience (8+ years) in finance controllership roles, with progressive leadership responsibilities,
- Proven experience working in a dynamic fast paced Series C/ Series B Startup in SAAS domain
- Strong knowledge of financial reporting standards ( IFRS & US GAAP) and regulatory compliance requirements.
- Experience in handling Big4 Audit and Diligence.
- Experience in budgeting, forecasting, and financial analysis.
- Proficiency in using financial management software and advanced MS Excel skills.
- Proficiency in using ERPs like Zoho books, Quickbooks is must.
- Excellent analytical and problem-solving abilities.
- Strong attention to detail and accuracy.
- Exceptional leadership and team management
Life at Locus comes with added benefits as well:
- A comprehensive Health Insurance policy that covers you and also your loved ones
- No leave restrictions(you manage your own leaves)
- At Locus, every member is an owner and a leader, no matter which team or function they represent.
- We believe that you are excited about the potential to make an impact in Last mile deliveries through technology and the prospect of creating a legacy that outlasts you The biggest joy of working at Locus, for all of us, comes from the opportunity to create value each day and experience autonomy in all we do.
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