Job Description

1.

Payables & Receivables Management:

Drive over all business Payables & Vendor Management. Monitor AP cycles and ensure alignment with the cashflow strategy. Work with merchandising and operations to align payment schedules/aging with vendor terms and sell-through expectations. In-depth analysis of the functioning of Payables & Receivables management tool/system/processes, providing inputs for eliminating gaps/discrepancies in the tool and developing forward looking business capabilities within the tool by closely working with the product development & cross functional teams. Close coordination with cross functional teams to escalate deviation in pricing/margins agreed with the vendors and maintain tight control over SLA breach by Vendors. Come up with innovative ways to increase payment terms via vendor financing etc Periodic scrutiny of expenses/Vendor ledger balances. Regular reconciliations of Invoices vs short shipment quantities work closely with operations & buying team to ensure bookkeeping & payments are accurately captured in the accounting system. Processing & tracking Marketing, Packaging, all Utility, Warehouse labour/manpower, Staff reimbursement, Admin, Office, Rental & other business payments per due dates and track any anomalies or unusual spike in expenses month on month. Ensure timely response to inquiries from vendors and drive Vendor satisfaction. GST reconciliations between internal system vs vendor records uploaded on GST portal. Close tracking and reconciliation of B2B & B2C sales (online & offline channels) with Internal system vs Books of Accounts. Ensuring tight reconciliation between receivables due vs collections received. Improve DSOs of the business. Be an Integral part of the Finance operations team leading the receivables management process for hopscotch.in and other 3rd party ecommerce platforms. Keeping track of COD and POL funds received by tracking the receivables tool daily and dealing with courier partners for delay in remittances.
2.

Banking/Cashflow Operations & Reporting's

:

Lead the cashflow/working capital management addressing liquidity needs of the business. Head the banking activities, negotiate with bankers, manage forex etc. Lead initiatives to improve working capital by managing AP, AR and Inventory funding cycles. Manage and come up with innovative ways to automate & digitize the entire payables & receivables management process. MIS reporting/analysis of business PL, Inventory, liquidation impact & Cashflows. Monthly reporting of business payables & Fixed costs segregated into various sourcing models & cost centers, tracking of DPOs and overall cash conversion cycle of the business. Drive Marketplace reconciliations & reporting's for charges levied and receivables due, ensure collections are timely received & DSOs are monitored. Manage Import compliances - Reporting an end-to-end advance foreign remittance and settling the BOEs against those advance remittances.
Job Types: Full-time, Permanent

Pay: ?2,000,000.00 - ?2,500,000.00 per year

Benefits:

Health insurance Provident Fund
Schedule:

Day shift Morning shift
Application Question(s):

CA with more than 5 years experience in finance operation and should be from Ecommerce or retail background
Education:

Bachelor's (Required)
Experience:

Accounts : 5 years (Required)
License/Certification:

Chartered Accountant (Required)
Location:

Prabhadevi, Mumbai, Maharashtra (Required)
Work Location: In person