Zepto - Director - Fixed Assets - CA (7-10 yrs)

Role : Director Fixed Assets

Bangalore, Karnataka, India

Details:

Designation: Director

Core Areas: Fixed Assets Accounting

Qualification: CA

Our Story:

Founded in 2021 by Stanford University dropouts, Aadit Palicha and Kaivalya Vohra, Zepto is India's fastest growing e-grocery company valued at $1.4 Billion following its recent Series-G fundraise of $200 Million from marquee global investors including StepStone Group, Goodwater Capital, Y Combinator Continuity, Kaiser Permanente, Nexus Venture Partners, Glade Brook Capital, and Lachy Groom. Headquartered in Bangalore, Zepto is present across 10 major cities in the country, 1000+ employees strong, and delivers 5000+ products, including fresh fruits and vegetables, daily cooking essentials, dairy, health-and-hygiene products, etc., to Indian homes within 10 minutes. Through strong tech capabilities, an efficient business model, and a network of highly optimized delivery centers across its 10 locations, the company is revolutionizing the Indian grocery segment currently pegged at $600 Billion, making it easier and more convenient. Beyond groceries, Zepto has also introduced a cafe offering that allows customers to order Coffee, Chai, and other Caf items, along with their groceries.

Position Overview:

- The Director Fixed Assets is responsible for overseeing the management of the company & fixed asset portfolio, ensuring accurate financial reporting, compliance with accounting standards, and maintaining effective processes for tracking, recording, and depreciating assets.

- This role is key in managing the full life cycle of assets, from acquisition to disposal, and ensuring that all asset transactions align with company policies and accounting principles.

- As a senior leader in the finance team, the Director Fixed Assets will lead the development of asset management strategies, implement best practices, and work cross-functionally with other departments (e.g., Operations, IT, and Procurement) to optimize asset utilization and enhance reporting accuracy.

- The role requires strong technical expertise in fixed asset accounting, excellent project management skills, and the ability to lead a team.

Key Responsibilities:

Asset Management & Accounting:

- Oversee the accurate and timely recording of all fixed asset acquisitions, disposals, and transfers in the asset register.

- Ensure fixed asset data integrity and the proper categorization of assets according to applicable accounting standards (e.g., GAAP, IFRS).

- Lead the monthly and year-end fixed asset closing process, ensuring that all asset-related journal entries are properly recorded.

- Manage the depreciation process, ensuring accurate calculation of depreciation using appropriate methods (e.g., straight-line, declining balance).

- Perform impairment testing and recommend adjustments based on asset condition, market value, and usage.

Financial Reporting & Compliance:

- Prepare and review periodic fixed asset reports, including detailed reconciliations between the general ledger and asset register.

- Ensure compliance with internal controls and audit requirements related to fixed assets.

- Prepare fixed asset-related disclosures for financial statements, ensuring compliance with IFRS/GAAP reporting requirements.

- Coordinate with internal and external auditors for fixed asset audits and respond to audit requests related to asset management

Process Improvement & Optimization:

- Develop and implement policies, procedures, and best practices to ensure the efficient management of fixed assets across the company.

- Collaborate with the IT and Procurement teams to improve the integration of asset management systems with other financial systems.

- Lead initiatives to streamline asset tracking and improve the accuracy of the fixed asset register through automation and advanced technology.

Team Leadership & Development:

- Manage and mentor a team of fixed asset accountants, providing guidance and support for their professional growth.

- Assign tasks, set priorities, and monitor the team's progress to ensure the timely and accurate completion of all fixed asset-related activities.

- Foster a culture of continuous improvement within the team by promoting knowledge sharing, collaboration, and innovation.

Cross-Functional Collaboration:

- Work closely with the Procurement, Operations, and IT departments to ensure fixed asset transactions are properly recorded and tracked from acquisition to disposal.

- Participate in project teams for new asset acquisitions, system upgrades, or relocations to ensure proper asset management controls are in place.

- Advise senior management on asset management strategies, lifecycle planning, and investment decisions.

Asset Life Cycle Management:

- Oversee the management of asset life cycles, including acquisition, maintenance, depreciation, and disposal.

- Recommend asset replacements or disposals based on asset performance, condition, and usage.

- Ensure that assets are disposed of in a compliant and efficient manner, in line with regulatory requirements.

Required Qualification, Experience, Skills & Competencies:

- CA Minimum of 7-10 years of experience in fixed asset accounting, with at least 3-5 years in a senior or managerial role.

- Strong understanding of asset management, financial reporting, and depreciation methodologies.

- Experience with ERP systems (e.g., SAP, Oracle, or similar) and asset management software (e.g., Asset Panda, Infor, or similar).

- Proven track record of managing teams and implementing process improvements.

- Expert knowledge of fixed asset accounting principles (GAAP, IFRS).

- Ability to work independently and manage multiple priorities in a fast-paced environment.

- Strong interpersonal and communication skills, with the ability to interact with senior management and cross-functional teams.

Why Join Us?

- Zepto is on a blitzscaling path unlike any other startup today. Be the flagbearer for the financial process in this journey. equity to create lasting wealth as our company grows.