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Zepto - Director - ESOP Controller (15-20 yrs)

15-20 years

Zepto - Director - ESOP Controller (15-20 yrs)

Zepto

posted 21hr ago

Job Description

Our Story:

Zepto is a fast-growing startup that delivers groceries in 10 minutes flat through an optimized network of dark stores that we're building across the country! We're currently delivering in Mumbai, Bangalore, Delhi, Pune, Hyderabad, Kolkata and Chennai.

We're incredibly well-funded, and our investors include Y-Combinator, Nexus Venture Partners, and more! We've also built out one of the best startup teams in India, with senior executives from Flipkart, Amazon and institutions like Stanford, ISB, IIM, and IIT.

About the Role:

An ESOP Controller is primarily responsible for managing the financial aspects of an Employee Stock Ownership Plan (ESOP), overseeing the accounting, compliance, and administration of the plan, ensuring accurate valuation of shares, and managing the repurchase obligations related to employee stock options, all while adhering to relevant regulations and company policies.

Key responsibilities:


ESOP plan Administration:


- Overseeing the day-to-day operations of the ESOP, including participant eligibility, share allocation, vesting schedules, and recordkeeping.


- Managing the ESOP trust, ensuring proper accounting for all transactions related to the plan.


- Communicating ESOP details to employees, including plan rules, benefits, and updates.


Financial Reporting and Compliance:


- Calculating and recording ESOP-related expenses on the company's financial statements.


- Preparing required regulatory filings related to the ESOP, including annual reports and tax forms.


- Ensuring compliance with all applicable ESOP regulations and accounting standards.


Stock Valuation:


- Determining the fair market value of company shares for ESOP purposes, using appropriate valuation methodologies.


- Monitoring market fluctuations and adjusting valuations as needed.


Repurchase Obligation Management:


- Calculating the repurchase obligation when employees leave the company, including vested shares.


- Managing the funds required to repurchase shares and ensuring timely payments.


Required Skills and Qualifications:


- Strong understanding of ESOP regulations and accounting standards


- Expertise in financial analysis, valuation methodologies, and corporate finance


- Proven experience in accounting and financial reporting (10-12 years)


- Excellent communication skills to explain complex financial concepts to non-financial stakeholders


- Detail-oriented with strong analytical and problem-solving abilities


- Proficiency in relevant accounting software and systems


Functional Areas: Other

Read full job description

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What people at Zepto are saying

Controller salary at Zepto

reported by 1 employee with 3 years exp.
₹2.2 L/yr - ₹2.9 L/yr
80% less than the average Controller Salary in India
View more details

What Zepto employees are saying about work life

based on 1.2k employees
58%
37%
48%
72%
Flexible timing
Rotational Shift
No travel
Day Shift
View more insights

Zepto Benefits

Job Training
Health Insurance
Soft Skill Training
Free Transport
Work From Home
Free Food +6 more
View more benefits

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Zepto Mumbai Office Location

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Mumbai, Maharashtra Office
Headquarter
Mumbai, Maharashtra Mumbai, Maharashtra

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