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| Finance | Full-time
,About Us:
The fastest-rising start-up in the EdTech space, Testbook is poised to revolutionize the industry. With a registered user base of over 3.2 crore students, 750+ crore tests solved on the WebApp, and a knockout Android App, Testbook has raced to the front and is ideally placed to capture bigger markets.
The IIT pedigree of the co-founders has attracted some of the brightest minds in the country to Testbook. A team that is quickly swelling in ranks, it now stands at 900+ in-house employees and thousands of remote interns and freelancers. And the number is rocketing weekly. Now is the time to join the force.
Job Description:
We are seeking a highly qualified and experienced Chartered Accountant with a background in the e-commerce/startup industry to join our team as a Senior Manager. The ideal candidate will have a strong knowledge of accounting principles, compliance regulations, and financial reporting, along with proficiency in accounting software such as Tally, SAP, or ZOHO.
Key Qualifications and Skills:
1. Chartered Accountant: Qualified Chartered Accountant with 7-8 years of experience, preferably in the e-commerce/startup industry.
2. Article-ship Experience: Prior article-ship experience from a Big 6 or Medium-sized CA firm is preferred.
3. Accounting Software: Operating knowledge of Tally, SAP, or ZOHO.
4. MS Office: Proficiency in MS Office is a must.
5. Financial Compliance: Good knowledge of IND AS, GST, TDS, Income Tax, The Companies Act, SEBI, and MCA compliance.
Responsibilities:
1) Financial Planning and Budgeting:
• Develop and manage the annual budgeting process in coordination with department heads and senior management.
• Create budget models, analyze variances, and provide recommendations to ensure alignment with organizational goals.
2) Forecasting and Scenario Analysis:
• Prepare accurate and timely financial forecasts considering different business scenarios, market trends, and internal dynamics.
• Conduct sensitivity analysis to assess the impact of potential changes on financial outcomes.
3) Financial Analysis and Reporting:
• Analyze financial data, trends, and key performance indicators (KPIs) to provide actionable insights to senior management.
• Generate regular and ad-hoc financial reports, including variance analysis and performance dashboards.
4) Financial Reporting and MIS:
• Overall responsibility of all the GLs creations, nature of the booking, and closures.
• Consolidation of financials MIS
• Closure of Daily BRS.
• Booking of all provisions of expense.
• Monthly closure of the books by M+1
• Preparing various expense schedules and balance sheet schedules.
• Preparing monthly MIS with schedules of all the expenses and balance sheet items.
• Preparation and maintenance of FAR.
• Calculation of other income - Accrued income & capital gain
• Analyzing the monthly cost and providing the reason for the variance.
• Preparation of financial statements, budgeting, and AOPs.
• Working with external stakeholders like auditors, lawyers, etc.
• Investor reporting & MIS.
• Plan for the implementation and convergence of the financials and taking the impact of IndAS adjustments.
• Responsible for all accounting activities and tracking whether the compliances with various statutes are met.
• Creation of Process notes, accounting notes, and guidance notes.
5) Profitability and Cost Analysis:
• Assess product/service profitability, cost structures, and pricing strategies to enhance overall business profitability.
• Identify cost-saving opportunities and operational efficiencies to optimize resource allocation.
6) Financial Modelling:
• Build and maintain financial models to support strategic decision-making, including mergers, acquisitions, investments, and capital allocation.
7) Process Improvement:
• Identify opportunities to enhance financial planning and analysis processes, tools, and methodologies.
• Implement best practices and drive continuous improvement initiatives within the FP&A function.
Behavioral Skills:
Team Player: Strong ability to work collaboratively as part of a team.
Communication: Excellent oral and written communication skills.
Proactive: Self-starter with a proactive approach to problem-solving.
Adaptability: Willingness to accept and thrive in challenging situations.
Pressure Handling: Ability to work under pressure while maintaining coordination within the team.