Senior Finance Manager

3 weeks ago

Bengaluru, India Material Depot Full time
Senior Finance Manager @ Material Depot

Apply here:

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Location: JP Nagar Phase 3, BangaloreCTC: 10-15 LPA (Depending on experience)Material Depot is a decor materials brand that is revolutionizing the entire interior design shopping experience with cutting-edge designs and the convenience of shopping from your home. Started in 2022 by Manish (ex-BCG) and Sarthak (IITB Alum), who both worked extensively in the construction space globally. Funded by prominent Global VCs including Accel, Whiteboard, and Y-Combinator among others, they seek to expand their team and hiring across roles.Material Depot revolutionizes the construction industry by providing a one-stop platform for all your decorative interior materials. We offer an extensive range of high-quality products, from floorings to wall decor, sourced from trusted manufacturers globally. With a user-friendly interface, competitive pricing, and reliable delivery services, Material Depot ensures a seamless purchasing experience.Some stats about us :

We are backed by

Accel, Whiteboard, YCombinator,

and other global investors,

and are a small, well-funded company.We’re one of the largest retailers of home interior goods in Bangalore working with over 100+ top designers and architects.Even as a 2-year-old company, we have been profitable with a scale of $3M annualised revenueNote from the Founders on the roleHi, I'm Sarthak, Co-founder of Material Depot. I'm excited to find someone to collaborate with me directly on the financial and accounts reporting. This involves working directly with me and the finance, sales and operations teams to ensure compliance. In this role, you'll be involved in 20% Strategic initiatives, 30% third party coordinations, 50% financial reporting and operations; and will have 100% ownership of the problem statements you tackle.Interview process

Small assignment - OptionalThree interview rounds with Nishant/Sarthak/ManishWhat you will do:Plan and control books of Accounts of the company and ensure they are accurate and compliant with statutory requirements in IndiaOversee the operations in Account Receivable/Accounts Payable, Payroll, Tax-related matters, statutory compliance, etcFinalization of Trial Balances and provisions on a monthly/quarterly basisProvide clear visibility (dashboards, MIS, financial statements) for Statutory Reporting and Internal Reporting of yearly, quarterly, and monthly financials standing to various stakeholders like CXOs, Board, and external agencies as requiredForecast cash flow positions, related borrowing needs, and available funds for expense and investmentSupport preparation of the company's annual, quarterly, and monthly budgets at organizational and functional levels. Report to management on variances from the established budget, and the reasons for those variances with an analytical review of reconciliationsManage external stakeholders, partners, and agencies e.g. Payroll partners, Banks, Legal advisors, Statutory offices of the Governments, etcManage GST and other tax complianceActively participate in audits to ensure smooth and timely auditsSupport and provide requisite information to the other Teams on various inputs for reconciliations/statement submissions, as well as prepare ad-hoc analyses and work on special projects on a need basis.Develop and implement financial policies and procedures to ensure compliance with regulatory requirements and best practicesYou’re a good fit for this only if...

Qualified Chartered Accountant (CA) with 3+ years of experience in similar roles with small-medium sized companies or Technology Start-upsPrior experience working in e-commerce or D2C accounting is an added plusBuilding the finance function from 0-1 for a scaling commerce company excites youYou’re open to being a generalist and adapting to the uncertainty of early-stage startups. Strong ability to deal with ambiguity and problem-solve for aspects that you or the team may encounter the first time or are not familiar with.You understand budgeting, forecasting, and financial reporting like the back of your handYou are not coming here for “strategy” roles but for on-ground hands-on workExcellent communication, verbal and written with the ability to engage customers and convey complex concepts clearly and concisely.You can work 50-60 hours, 6 days a week

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