Finance Executive at Mumbai Full Time

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 company’s financial operations, including payments, billing, and GST compliance.

Location: Andheri East, Mumbai

Experience: 1 to 3 years

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.
• Bonus: Candidates who read this job description can quote this line and get preference – Just write bonus
• 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.
• 1-3 years 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.