Finance Head

Finance- Lead- Rentkar

Location: 303, 304 Royal Enclave, Parsi Panchayat Road, Old Nagardas Rd, Mumbai, Maharashtra 400069

Annual CTC: ₹4.8-5.5 Lakhs++

Probation: 2 months

About Rentkar:

Rentkar is a dynamic startup with a mission to revolutionize the rental market by providing access to trending products without the need for ownership. We aim to create a sustainable sharing economy where customers can rent rather than purchase products, reducing overconsumption and promoting an eco-friendly lifestyle.

Rentkar is seeking a talented Finance Lead who will be responsible for managing the companys financial operations, including payments, billing, and GST compliance.

Role Overview:

The Finance Lead will play a critical role in ensuring Rentkar’s financial health by overseeing all aspects of financial management. This includes managing day-to-day financial operations, ensuring compliance with regulatory requirements, developing financial forecasts, and providing insights to the leadership team for strategic decision-making.

The ideal candidate will have strong financial acumen and the ability to thrive in a fast-paced, dynamic environment.

Key Responsibilities:

1. Financial Management:

○ Oversee all financial operations, including accounts payable, accounts receivable, and cash flow management.

○ Manage daily payments and billing processes, ensuring timely and accurate transactions.

○ Reconcile accounts and prepare monthly financial reports for the leadership team.

○ Ensure financial transactions are properly recorded and filed in the accounting system.

2. GST and Tax Compliance:

○ Ensure the company complies with all statutory and tax obligations, including GST filings, TDS, and income tax returns.

○ Stay updated on the latest changes in tax laws and ensure Rentkar’s financial practices are compliant with regulations.

○ Coordinate with external auditors and tax advisors to ensure timely completion of audits and tax filings.

3. Budgeting and Forecasting:

○ Develop and maintain the company’s budget, ensuring alignment with Rentkar’s growth strategies and financial goals.

○ Work closely with department heads to create accurate forecasts for revenue, expenses, and cash flow.

○ Provide monthly, quarterly, and annual financial reports to the leadership team, highlighting key insights and areas for improvement.

4. Banking and Loan Management:

○ Establish and manage relationships with banks and financial institutions.

○ Oversee the company’s loan disbursement process and manage all aspects of credit setups and bank financing.

○ Monitor interest rates, loan terms, and repayment schedules to ensure favorable terms for the company. 5. Financial Systems and Processes:

○ Implement and maintain financial software such as Zoho Books to streamline financial operations and improve efficiency.

○ Ensure all financial processes are well-documented and consistently followed across the organization.

○ Continuously assess and improve financial systems to ensure they meet the company’s growing needs.

6. Internal Controls and Risk Management:

○ Develop and maintain internal control processes to mitigate financial risks and ensure the accuracy and reliability of financial information.

○ Conduct regular risk assessments to identify potential financial risks and recommend mitigation strategies.

7. Cost Management and Optimization:

○ Identify cost-saving opportunities across different departments, including procurement, operations, and marketing.

○ Negotiate contracts with vendors and suppliers to ensure the best financial terms for Rentkar. ○ Monitor and manage operational expenses, ensuring adherence to the company’s budget.

8. Collaboration with Leadership:

○ Work closely with the CEO, COO, and other members of the leadership team to provide financial insights that inform strategic decisions.

○ Participate in board meetings and present financial reports, forecasts, and performance metrics.

○ Provide recommendations on financial strategies, including capital allocation, investment opportunities, and cost-cutting measures.

Day-to-Day Activities:

● Review and approve all outgoing payments, ensuring accuracy and adherence to company policies.

● Monitor cash flow and ensure there are sufficient funds available to meet day-to-day operational needs.

● Prepare and file GST returns, ensuring compliance with all regulatory deadlines.

● Conduct financial analysis and provide insights to department heads regarding their budget utilization.

● Reconcile bank accounts and ensure that all financial records are up to date.

● Manage relationships with vendors and suppliers, ensuring timely payments and favorable terms.

● Work with the HR department to process payroll and ensure all employee payments are made accurately and on time.

● Prepare monthly financial reports and present them to the leadership team.

Qualifications:

● Bachelor's degree in Finance, Accounting, or related field.

● 3-5years of experience in financial management, preferably in a startup or fast-growing company. '

● Strong understanding of GST, TDS, and other statutory requirements.

● Proficiency in financial software such as Zoho Books or QuickBooks.

● Excellent analytical skills with the ability to interpret financial data and provide actionable insights.

● Strong communication and interpersonal skills, with the ability to collaborate effectively across teams.

● High level of integrity and professionalism, with a commitment to maintaining the confidentiality of financial information.

Why Join Rentkar?

As Rentkar’s Finance Lead, you will have the opportunity to shape the company’s financial future and be a key driver of its growth. You’ll work closely with the leadership team to make strategic financial decisions and ensure the company’s financial health as it scales.

With ESOPs, competitive compensation, and the chance to work in a mission-driven startup, Rentkar offers a rewarding and exciting career path for finance professionals