Senior Manager Finance

2 weeks ago


Delhi, Delhi, India Testbook Full time

About Us:

The fastest-rising start-up in the EdTech space, Testbook is poised to revolutionize the industry. With a registered user base of over 3.2 crore students, 7 50+ crore tests solved on the WebApp, and a knockout Android App, Testbook has raced to the front and is ideally placed to capture bigger markets.

The IIT pedigree of the co-founders has attracted some of the brightest minds in the country to Testbook. A team that is quickly swelling in ranks, it now stands at 900+ in-house employees and thousands of remote interns and freelancers. And the number is rocketing weekly. Now is the time to join the force.

Job Description:
We are seeking a highly qualified and experienced Chartered Accountant with a background in the e-commerce/startup industry to join our team as a Senior Manager. The ideal candidate will have a strong knowledge of accounting principles, compliance regulations, and financial reporting, along with proficiency in accounting software such as Tally, SAP, or ZOHO.

Key Qualifications and Skills:

1. Chartered Accountant: Qualified Chartered Accountant with 7-8 years of experience, preferably in the e-commerce/startup industry.
2. Article-ship Experience: Prior article-ship experience from a Big 6 or Medium-sized CA firm is preferred.
3. Accounting Software: Operating knowledge of Tally, SAP, or ZOHO.
4. MS Office: Proficiency in MS Office is a must.
5. Financial Compliance: Good knowledge of IND AS, GST, TDS, Income Tax, The Companies Act, SEBI, and MCA compliance.

Responsibilities:
1) Financial Planning and Budgeting:

• Develop and manage the annual budgeting process in coordination with department heads and senior management.

• Create budget models, analyze variances, and provide recommendations to ensure alignment with organizational goals.

2) Forecasting and Scenario Analysis:

• Prepare accurate and timely financial forecasts considering different business scenarios, market trends, and internal dynamics.

• Conduct sensitivity analysis to assess the impact of potential changes on financial outcomes.

3) Financial Analysis and Reporting:

• Analyze financial data, trends, and key performance indicators (KPIs) to provide actionable insights to senior management.

• Generate regular and ad-hoc financial reports, including variance analysis and performance dashboards.

4) Financial Reporting and MIS:

• Overall responsibility of all the GLs creations, nature of the booking, and closures.

• Consolidation of financials MIS

• Closure of Daily BRS.

• Booking of all provisions of expense.

• Monthly closure of the books by M+1

• Preparing various expense schedules and balance sheet schedules.

• Preparing monthly MIS with schedules of all the expenses and balance sheet items.

• Preparation and maintenance of FAR.

• Calculation of other income - Accrued income & capital gain

• Analyzing the monthly cost and providing the reason for the variance.

• Preparation of financial statements, budgeting, and AOPs.

• Working with external stakeholders like auditors, lawyers, etc.

• Investor reporting & MIS.

• Plan for the implementation and convergence of the financials and taking the impact of IndAS adjustments.

• Responsible for all accounting activities and tracking whether the compliances with various statutes are met.

• Creation of Process notes, accounting notes, and guidance notes.

5) Profitability and Cost Analysis:

• Assess product/service profitability, cost structures, and pricing strategies to enhance overall business profitability.

• Identify cost-saving opportunities and operational efficiencies to optimize resource allocation.

6) Financial Modelling:


• Build and maintain financial models to support strategic decision-making, including mergers, acquisitions, investments, and capital allocation.

7) Process Improvement:

• Identify opportunities to enhance financial planning and analysis processes, tools, and methodologies.

• Implement best practices and drive continuous improvement initiatives within the FP&A function.

Behavioral Skills:
Team Player: Strong ability to work collaboratively as part of a team.
Communication: Excellent oral and written communication skills.
Proactive: Self-starter with a proactive approach to problem-solving.
Adaptability: Willingness to accept and thrive in challenging situations.
Pressure Handling: Ability to work under pressure while maintaining coordination within the team.



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