Associate Director

Job Title: Associate Director – Internal Audit

Location: Bangalore

Experience Required: 8-10 years post-qualification

Key Areas: Audit Planning and execution

About the Company

Founded in 2021 by Stanford University dropouts, Aadit Palicha and Kaivalya Vohra, Zepto is India’s fastest growing e-grocery company valued at $1.4 Billion following its recent Series-E fundraise of $200 Million from marquee global investors including StepStone Group, Goodwater Capital, Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. Headquartered in Mumbai, Zepto is present across 10 major cities in the country, 1000+ employees strong, and delivers 5000+ products, including fresh fruits and vegetables, daily cooking essentials, dairy, health-and-hygiene products, etc., to Indian homes within 10 minutes. Through strong tech capabilities, an efficient business model, and a network of highly optimized delivery centers across its 10 locations, the company is revolutionizing the Indian grocery segment currently pegged at $600 Billion, making it easier and more convenient. Beyond groceries, Zepto has also introduced a cafe offering that allows customers to order Coffee, Chai, and other Café items, along with their groceries.

Key Responsibilities:

1. Audit Planning and execution:

• Develop and implement the annual audit plan.
• Identify key areas of risk within the organization and prioritize audit activities accordingly.
• Coordinate with department heads to understand business processes and assess risks
• Lead and manage audit engagements from planning through to reporting.
• Perform detailed audits to evaluate the effectiveness of internal controls, financial integrity, and operational efficiency.
• Ensure audits are conducted in compliance with professional standards and internal policies.
• Coordination with internal stakeholders to ensure adequate support is provided to auditors.

1. Reporting:

• Prepare comprehensive audit reports detailing findings, risks, and recommendations.
• Present audit findings to senior management and the audit committee.
• Monitor the implementation of audit recommendations and follow up on corrective actions.
• Discuss with process owners and timely implement the recommendations of internal auditors.

1. IFC:

• Drive the IFC programme Implementation across all areas.
• Prepare/ update IFC RCM
• Provide insights and recommendations to mitigate the control gaps in IFC RCMs
• Test the controls mentioned in the IFC RCMs

1. Compliance:

• Ensure the organization complies with applicable laws, regulations, and internal policies.
• Stay updated with changes in regulatory requirements and industry best practices.

1. Team Management:

• Supervise and mentor junior audit staff.
• Provide guidance and training to enhance the team's audit skills and knowledge.
• Review and approve audit work performed by junior auditors.

1. Continuous Improvement:

• Identify opportunities to improve audit processes and methodologies.
• Stay abreast of industry trends and developments to ensure the audit function remains effective and relevant.

Qualifications:

• Qualified Chartered Accountant.
• Minimum of 8 years of experience in internal auditing
• Team Handling experience is must.
• Big 4, Ecommerce, Startup experience is preferred
• Strong understanding of internal controls, risk management, and governance processes.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficient in SAP and Microsoft Office Suite.
• Strong communication and interpersonal skills.
• Ability to manage multiple priorities and work under pressure.

Why Join Us?

• Zepto is on a blitzscaling path unlike any other startup today. Be the flagbearer for the financial process in this journey.
• The opportunity to join India’s next Unicorn is rare. So, we’re giving our team strong equity to create lasting wealth as our company grows.
• Interested? Reach out to careers@zeptonow.com