Sr Manager

About the Company 
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Rentomojo is a market leader and tech-enabled company in rental subscription of furniture and consumer appliances. The company provides affordable and flexible rental subscriptions to cater to mobility needs of Gen Z and Millennials.

RentoMojo, was founded by Geetansh Bamania, an IITM who worked out of almost every major city in India in his first five years of corporate career. Frustrated with the hassles of relocating from one place to the other, and tired of finding that perfect cluster of home essentials that suited their lifestyle.

With 1,800+ people operations, the company has a presence in 22 cities across India. The company is in a strong growth trajectory with revenue compounding at a CAGR of ~ 50% during the last 3 years and is an exception in the startup ecosystem to be highly profitable along with delivering strong growth. The company has been consistently profitable since Oct 2021 and compounded PAT at a CAGR of ~150% in the past two years.

Rentomojo is a key beneficiary of India's rapid urbanisation story, job growth and workforce mobility. ~1mn new members join the workforce every month and 1.2mn-1.5mn employees switch jobs every month. Rentomojo offers attractive bundled rental subscriptions with zero cost of relocation and zero repair and maintenance cost at affordable cost that provides utility of EMI but not its rigidity.

Job Title: Sr Manager -Finanace

Location: Bangalore, Karnataka

Job Type: Full-Time

Department: Finance & Accounts

Reports To: VP - Finance & Accounts

Job Summary:

The Senior Manager at RentoMojo will be responsible for overseeing the company's financial operations, ensuring compliance with accounting standards. This role will manage financial reporting, budgeting and drive financial efficiency. 

Responsibilities and Ownership: 

Team Management and Leadership: 

• Build and train the middle to lower-level finance function to support the rapidly growing business size and complexities 

• Evaluate whether the current accounting system suffice the growth objectives of the organization and if required, spearhead the identification and implementation of a robust ERP 

Financial Reporting, Audit and Compliance: 

• Oversee the preparation of financial statements, ensuring accuracy, compliance, and adherence to regulatory requirements. 

• Drive the development / up-gradation of a robust Accounting Manual. 

• Prepare dashboards and MIS for Board level discussions, Statutory compliance, handling audits, and secretarial processes 

• Prepare and disseminate regular MIS reports, offering key performance indicators (KPIs) and financial metrics to support decision-making at various organizational levels. 

• Develop and document processes, SOPs, documentary controls, and accounting policies to maintain and strengthen internal controls 

• Develop and implement the audit and control strategy to ensure adherence to the prescribed statutory and Organizational norms; Liaise with Statutory Auditors and oversee periodic statutory audits. 

• Coordinate with Auditors to ensure timely submission and review of audit reports (Internal, Statutory and Tax Audits); Ensure adherence to all statutory requirements and guidelines. 

Cash Flow Management: 

• Assist in preparing the Cash Flow reporting along with rolling 4 week Cash flow projections. Should get acquainted with Cash Conversion Cycle 

Taxation and Risk Management: 

• Ensure overall tax compliance for the Organization by arranging for timely and correct payment of tax to minimize penal interest. 

• Assess and mitigate financial risks, proactively identifying areas for improvement in internal controls and processes. 

Stakeholder Engagement: 

• Collaborate with cross-functional teams including operations, legal, and senior management to drive financial efficiency and support business growth initiatives. 

PREFERRED QUALIFICATIONS: Your work till now will be the first qualification that would matter to us. Other than that, you should be: 

• Chartered Accountant (CA) qualification is mandatory. 

• 4 to 8 years of progressive experience in finance or accounting roles in e-commerce, Leasing, Retail, B2C businesses, etc. 

• At-least 3-5 year of experience in a team lead role involved in: (i) timely preparation of all required financial MIS and Statements (Balance Sheet, P&L and Cash flow Statements) through effective utilization of the ERP (ii) Planning for timely finalization and closure of books of accounts on a monthly basis coordinating with various cross functional teams (CFTs) for closure on books and overall hygiene of numbers being reported to the stakeholders. 

• Should be aware of the prescribed Ind - AS and Ind GAAP 

• Experience managing Big 4 auditors is mandatory 

• Experience in a listed company is an added advantage 

• Hands on experience with rollout and management of Accounting ERPs (in particular Tally Prime), financial control reporting systems, budgeting, MIS and dashboarding, compliance 

• An eye on automation of processes and active coordination with tech and product teams to ensure products are being launched to automate manual and repetitive processes 

• Strong knowledge of accounting principles, financial reporting, and regulatory compliance. 

• Well versed with software tools like MS-Office, Power BI, ERPs like Tally Prime 

• Strong leadership and communication skills with the ability to influence and collaborate effectively across all levels of the organization. 

• Highly organized with attention to detail and an eye for process improvements 

• Analytical mindset with the ability to assess complex situations and make sound decisions. Visit our career page here