Senior manager
7 days ago
Job Title : Senior Manager - Claims/BFD Location : Bangalore About the Company 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 fundraising of $200 Million from marquee global investors including Step Stone 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: This position is an integral part of the accounting and finance operations team, specifically within the Procure to Pay process, as well as cross-functional programs, business launches, and financial reporting (controllership). The successful candidate will be a self-starter, detail-oriented, and comfortable working in a fast-paced, dynamic environment with the ability to handle ambiguity. Collaboration is key in this role, as the candidate will work with cross-functional teams to drive success in complex tasks, ensuring smooth operations as the business grows. A strong technical accounting background, combined with hands-on experience in claims and BFD processes, is essential to effectively analyze the organization’s business needs and develop innovative solutions to improve financial performance and reporting. While experience in banking and treasury is desirable, it is not mandatory. Responsibilities: ● Review and drive the operational excellence in the procure-to-pay process; ● Ensuring proper internal controls and documentation (SOPs/checklist) for assigned processes including but not limited to vendor payments, vendor disputes, vendor reconciliation, claims management and vendor returns ● Manage and supervise return to vendors' billing to ensure operational excellence. ● Manage and supervise claims billing, collection to timely billing, and collection to optimize working capital ● Provide support for internal and statutory audits and monthly financial reviews with business partners, ● Review and drive action on balance sheet schedules related to accounts payable/receivables. ● Developing strong partnerships with Category, Finance Partners, Tech teams, and Supply Chain/Ops; ● Ensure that cost efficiency and a cost-conscious culture is a key focus for the organization ● Manage controls in the area of procure to pay and ensure accuracy in recording invoices, payments, vendor receipts, claims/disputes, etc; ● Supervise the accounting for business transactions, ● Ensure adherence to the company’s accounting policy and guidelines 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.
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