Director of Finance

4 weeks ago

Bengaluru, India Zepto Full time

Our Story:

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto is on a mission to save you time —making every second count towards life's real joys. Our platform has revolutionised rapid commerce in India with cutting-edge technology and strategically optimised delivery hubs. Zepto offers an extensive range of 45,000+ products, from fresh groceries to electronics, beauty essentials, apparels, toys and more, delivering across 50+ cities in 10 minutes*. Zepto Café extends our commitment to convenience, featuring a curated menu of over 200 fresh items.

Role: Director - Finance

Corporate Finance function is a critical role in our finance team as it ties together FP&A and Accounting teams. The role will setup processes for provisioning and actual invoices and hence someone who has handled the planning process and accounting while leveraging SAP workflows for cost mapping and bookings will be most suitable.

Responsibilities, aka, what we’d like you to deliver:

Cost Accrual Management:

· Oversee and manage the cost accruals process, ensuring all expenses are properly recorded and accounted for in line with financial policies and timelines.

. Review, validate, and update accrual entries to maintain accuracy in financial reporting.

Financial Actualization:

· Ensure all costs are accurately actualized in the financial system based on invoices, purchase orders, and other supporting documentation.

. Regularly reconcile accruals and actuals to ensure any variances are identified and resolved promptly.

Month-End Close Process:

· Manage the month-end book closing process by ensuring timely and accurate recording of accruals and other relevant financial entries.

. Reconcile key accounts related to inventory, cost accruals, making adjustments as necessary.

Collaboration with Business and Finance Teams:

· Liaise with various business units and finance teams to gather, verify, and discuss data related to cost accruals and financial actualization.

. Provide clear and timely communication to ensure alignment between operational activities and financial outcomes.

Reporting and Analysis:

· Generate and review monthly reports on cost accruals and variances.

. Assist in the preparation of financial statements by providing accrual-related data and insights.

Process Improvement:

· Continuously review and improve the cost accrual and book closing processes for better efficiency and accuracy.

. Collaborate with cross-functional teams to implement changes in procedures or systems to improve financial controls and reporting accuracy.

Are you who we're searching for:

. CA with 7+ years of experience in cost accounting, financial reporting, or a related finance role.

. Strong understanding of cost accruals, financial actualization, and month-end closing processes.

. Proficiency in financial systems and ERP software.

. Excellent communication skills to collaborate with diverse business and finance teams.

. Attention to detail and high level of accuracy in financial reporting.

. Strong problem-solving skills with the ability to identify and resolve financial discrepancies.

Why Zepto should be your next career move:

This isn’t just a job; it’s a chance to be part of a once-in-a-generation story that will shape the future of the Indian startup ecosystem. If you’re ready to go all in, execute like never before, and create impact on a massive scale, there’s no better place to do it than Zepto.

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