Vegrow - Finance Controller - CA (7-10 yrs)

VEGROW: INDIA'S No. 1 B2B MARKETPLACE FOR FRUITS

What is Vegrow?

Vegrow is in the business of fresh fruits with an addressable market size of $43 Bn.

Vegrow is a tech platform partnering with farmers, aggregating supply, and matchmaking different quality/grades of produce to the right set of customers across organized & semi-organised demand. Vegrow has partnered with 30000+ farmers and has India wide presence, marketing the fresh produce to over 200+ B2B customers across modern trade, exporters & wholesaler/semi wholesaler segments.

What are we creating at Vegrow?

Imagine a global organization, with massive footprint across the nations, ability to influence millions of growers & wholesalers through a powerful technology & data driven platform creating wealth for all stakeholders in the value chain. Yes, we are building, world's largest farm first B2B marketplace for fruits.

Role: Finance Controller

Job Purpose:

(Why this position exists, within what limits & key contribution it makes to the organization): Primary responsibility of supervising the financial accounting function within the organization. This role is accountable to ensure accurate accounting, financial statements preparation, records as per company policy and statutory regulations; and responsible for all treasury functions including cash management. Assist in performing all tasks necessary to achieve the organization's mission and growth plans.

Location: Bengaluru (Onsite)

Major accountabilities:

- Lead the timely preparation of all required financial MIS and Statements (Balance Sheet, P&L and Cash flow Statements) through effective utilization of the ERP; Plan for timely finalization and closure of books of accounts monthly coordinating with CFTs for closure on sales and expense bookings and overall hygiene of numbers being reported to the stakeholders. This will include consolidation of accounts of the international subsidiaries as well.

- 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.

- Should be aware of the prescribed Ind- AS / Indian Accounting standards; Manage and oversee the effective implementation of basic accounting systems such as payables, receivables, reconciliation, bookkeeping entries into the respective ledgers etc. in line with the accounting standards and Organizational guidelines.

- Oversee effective cash and bank management activities; Periodically monitor bank accounts to ensure compliance with respect to prescribed limits, preparation of monthly drawing power statements and submission to banks, preparation of CMA reports for limits renewal. Ensure timely audits with banks, as applicable along with submit of relevant requirements as per the Company's debt covenants.

- Ensure overall tax compliance for the Organization by arranging for timely and correct payment of tax to minimize / eliminate penal interest for indirect taxes as well as direct taxes.

- Formulate and review accounting policies & procedures on a continuous basis; Drive the development / up-gradation of a robust Accounting Manual.

- Review the financial accounting and cost accounting systems to provide timely, accurate and consistent inputs for management reporting

- Oversee the timely publishing of required financial statements (cash flow statement, bank balances, payables and receivables etc.)

- Drive the internal as well as statutory audits closure in a timely manner. Liaise with Auditors to ensure timely submission and review of audit reports (Internal, Statutory and Tax Audits); Ensure adherence to all statutory requirements and guidelines.

- Ensure compliance with respect to statutory requirements such as TDS, GST, TCS, Form 16 etc.; Oversee TDS, GST returns filing and ensure adherence to all related compliance requirements.

- Handle tax assessments and queries from various authorities for historical tax filings.

- Handle due diligences during the fund raise process as and when applicable.

- Manage the accounting and finance function in a manner that makes the organization audit ready on a live basis.

- Build and maintain trackers for new business opportunities to control costs and drive profitability.

- Conduct performance appraisals of Departmental staff / personnel

- Assess and fulfil training and career development requirements.

- Foster an environment of learning, excellence and innovation within all aspects of teamwork.

- Mentor and coach subordinates to develop the team's capabilities.

- Ad-hoc analysis / reporting as may be required by the Management.

What We're Looking For

- CA with 8-10 years of experience in the finance function with leadership skills.

- Knowledge of Accounting Standards (Ind- AS) & ERP Systems.

- Knowledge on IMPEX and consolidation of accounts.

- Someone who is passionate about book closures and reporting adhering to the deadlines.

- One who thinks Tech and can build strong financial processes and controls for good corporate governance.

- Must be an analytical thinker with an eye for detail and a probing mindset.

- Proficiency in handling multiple data points with moving variables.

- Must be able to work in a high-pressure environment and deliver results as per the requirements of the business.

- An independent thinker with positive approach, willing to contribute to business and an open mindset.

- Proficient in Excel and Power-point.

- Knowledge of Regulatory Framework and tax structures.

- Should have Business acumen and exposure to digitization of processes.

More about Vegrow - Growth Story

Vegrow has demonstrated more than 10X growth in last one year across multiple SKUs viz. Pomegranates, Mangoes, Grapes, Citrus, Apples, Melons, etc. Vegrow has nation-wide sourcing & selling capabilities. Vegrow sources directly from farmers from 9 states and has sold to 200+ B2B customers across 14 states. We have initiated our global operations to take Indian produce to the globe & bring global produce to India. Vegrow with its young & dynamic team, has stood strong even in the tough pandemic times, and has been consistently doubling their business volumes every month and helping many farmers with advisory & selling their produce. Vegrow has attracted investment of ~80 Mn from India's top VCs: Lathe Investments, Prosus Ventures, Lightspeed Partners, Elevation Capital, Matrix Partners & Ankur Capital and boasts a very strong network of mentors/advisors viz. Mr. S Rangrass (ex-CEO of ITC ABD), Founders of Urban Company, Founders of Zetwerk etc. Vegrow has gone international and has subsidiaries in UAE and plan to expand globally.

Vegrow Founders & Team

Vegrow founders are extremely passionate about agri-domain and come from a very strong pedigree of IITs and have a rich corporate & start-up experience along with domain expertise owing to their stint in ITC, Urban Company, AgroStar & Chronus.

Vegrow is a fast-growing company and has scaled to over 500-member young & passionate team with a very strong leadership who are ex-entrepreneurs with a blend of Agri & non-Agri expertise coming from successful organisations viz. Godrej, Reliance, ITC, Microsoft etc.

https://www.vegrow.in/