Director - Fixed Assets

3 weeks ago

Bangalore, India Zepto Full time

Role – Director Fixed Assets

Bangalore, Karnataka, India

Details

Designation: Director

Core Areas: Fixed Assets Accounting

Qualification: CA

Our Story

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.

Website

Position Overview :

  • The Director Fixed Assets is responsible for overseeing the management of the company & fixed asset portfolio,ensuring accurate financial reporting, compliance with accounting standards,and maintaining effective processes for tracking, recording, and depreciating assets.
  • This role is key in managing the full life cycle of assets, from acquisition to disposal, and ensuring that all asset transactions align with company policies and accounting principles.
  • As a senior leader in the finance team, the Director Fixed Assets will lead the development of asset
  • management strategies, implement best practices, and work cross-functionally with other
  • departments (e.g., Operations, IT, and Procurement) to optimize asset utilization and enhance
  • reporting accuracy. The role requires strong technical expertise in fixed asset accounting, excellent
  • project management skills, and the ability to lead a team.

Key Responsibilities:

1. Asset Management & Accounting :

  • Oversee the accurate and timely recording of all fixed asset acquisitions, disposals,
  • and transfers in the asset register.
  • Ensure fixed asset data integrity and the proper categorization of assets according to
  • applicable accounting standards (e.g., GAAP, IFRS).
  • Lead the monthly and year-end fixed asset closing process, ensuring that all asset-
  • related journal entries are properly recorded.
  • Manage the depreciation process, ensuring accurate calculation of depreciation using
  • appropriate methods (e.g., straight-line, declining balance).
  • Perform impairment testing and recommend adjustments based on asset condition,
  • market value, and usage.

2. Financial Reporting & Compliance:

  • Prepare and review periodic fixed asset reports, including detailed reconciliations
  • between the general ledger and asset register.
  • Ensure compliance with internal controls and audit requirements related to fixed
  • assets.
  • Prepare fixed asset-related disclosures for financial statements, ensuring compliance
  • with IFRS/GAAP reporting requirements.
  • Coordinate with internal and external auditors for fixed asset audits and respond to
  • audit requests related to asset management

3. Process Improvement & Optimization:

  • Develop and implement policies, procedures, and best practices to ensure the
  • efficient management of fixed assets across the company.
  • Collaborate with the IT and Procurement teams to improve the integration of asset
  • management systems with other financial systems.
  • Lead initiatives to streamline asset tracking and improve the accuracy of the fixed
  • asset register through automation and advanced technology.

4. Team Leadership & Development:

  • Manage and mentor a team of fixed asset accountants, providing guidance and
  • support for their professional growth.
  • Assign tasks, set priorities, and monitor the team's progress to ensure the timely and
  • accurate completion of all fixed asset-related activities.
  • Foster a culture of continuous improvement within the team by promoting knowledge
  • sharing, collaboration, and innovation.

5. Cross-Functional Collaboration:

  • Work closely with the Procurement, Operations, and IT departments to ensure fixed asset transactions are properly recorded and tracked from acquisition to disposal.
  • Participate in project teams for new asset acquisitions, system upgrades, or relocations to ensure proper asset management controls are in place.
  • Advise senior management on asset management strategies, lifecycle planning, and investment decisions.

6. Asset Life Cycle Management:

  • Oversee the management of asset life cycles, including acquisition, maintenance, depreciation, and disposal.
  • Recommend asset replacements or disposals based on asset performance,condition, and usage.
  • Ensure that assets are disposed of in a compliant and efficient manner, in line with regulatory requirements.

Required Qualification, Experience, Skills & Competencies

  • CA Minimum of 7-10 years of experience in fixed asset accounting, with at least 3-5 years in a senior or managerial role.
  • Strong understanding of asset management, financial reporting, and depreciation methodologies.
  • Experience with ERP systems (e.g., SAP, Oracle, or similar) and asset management software (e.g., Asset Panda, Infor, or similar).
  • Proven track record of managing teams and implementing process improvements.
  • Expert knowledge of fixed asset accounting principles (GAAP, IFRS).
  • Ability to work independently and manage multiple priorities in a fast-paced environment.
  • Strong interpersonal and communication skills, with the ability to interact with senior management and cross-functional teams.

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

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