Zepto | Director

13 hours 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
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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