Director - Corporate Finance
5 days ago
Zepto is a fast-growing startup that delivers groceries in 10 minutes flat through an optimized
network of dark stores that we're building across the country We’re currently delivering in
Mumbai, Bangalore, Delhi, Pune, Hyderabad, Kolkata and Chennai.
We’re incredibly well-funded, and our investors include Y-Combinator, Nexus Venture Partners,
and more We’ve also built out one of the best startup teams in India, with senior executives from
Flipkart, Amazon and institutions like Stanford, ISB, IIM, and IIT.
Your Role
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. Complete charter:
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.
Qualifications:
- 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.
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