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MAIN PURPOSE OF THE JOB

Finance Controllership for Retail BU:

1. Hands on management of all aspects of accounting and finance of all operations to ensure that accounts are maintained in compliance with all applicable regulations.

2. Hands on raising of Customer invoices and ensuring proper reconciliations are done month on month and coordinating with aggregators and credit customer on sorting out of the issues.

3.Hands on preparation of GSTR1 workings and customer Onboarding process as per SOP.

4. Preparing outstanding report for receivables and following up for payments for Outstanding Invoices from customers by coordinating with Ops team.

4. Ensuring scalability of finance department & processes to support and lead the growth of the organization.

RESPONSIBILITY AREA

Financial accounting and reporting:

1. Oversee the day-to-day accounting operations and month end close per the finance calendar of multiple legal entities, in compliance with the applicable GAAP and other regulations.

2. Working on customer reconciliations and coordinating with Ops team on resolving the issues.

3. Compute COGS and reconcile with actual consumption

4. Track the movement of inventory and fixed assets as per authorisation

Develop, implement, and ensure compliance with internal financial and accounting policies and procedures.

Tax & regulatory Management

1. Ensure compliance on account of day-to-day business activity that pertains to Withholding Tax / GST / Exchange Control / State Laws in India.

Internal Control Design

1. Ability to design and operate a robust internal controls system, focused largely around inventory.

Year End close

1. Preparation of receivable schedule, tracking the outstanding receivables and any provisions for doubtful receivables.

2. Responsible for computation of financial COGS, reconciling with actual consumption.

Physical verification of the inventory and appropriate action for any variances.

Stakeholder Management

1. Manage regular interactions with multiple stakeholders internally.

2. Communicating with external stakeholders such as System vendors, Auditors and professional advisors, Tax & regulatory authorities.

Technology Management

1. Ability to provide inputs including management of development of the in-house ERP.

About the company

The world’s largest Chai-led beverage platform, Chai Point, is an omni channel brand that started in 2010. The Company reaches millions of customers every day through multiple touch points including retail stores, cloud kitchens, corporate offices and institutions, consumer packaged goods, and HORECA (hotels, restaurants, and cafes).

myChai™ brewing system is a proprietary Cloud-connected Chai and coffee brewing technology platform that gives Chai Point the capability to brew fresh chai and coffee with consistent quality on a global scale. Chai Point is present in India through its retail network of over 120 stores across 9 major cities and in over 4900+ workplace community hubs across 21 cities through its specialized brewing systems.

With single origin tea from Assam’s finest estates and 100% single origin Arabica coffee beans from Rainforest Alliance certified estates of Chikmagalur, Karnataka, Chai Point is already serving over 700,000 cups every day. Chai Point is the first company in India to launch environment-friendly heat retaining Chai flasks in 2016 that can keep the chai, coffee hot for up to 2 hours.

As the brand continues to expand across formats with myChai™, the Company is aiming to tap into one million small and mid-size bakeries and cafes by bringing them onto a single platform. The Company plans to install 30,000 myChai™ brewing systems across India in the next 3 – 5 years giving it the largest footprint in the retail channel in India.

Chai Point is backed by marquee investors like Eight Roads Ventures (part of Fidelity Investments Inc.), Saama Capital, DSG and Paragon Partners. The Company has raised over $50 million in funds till date.