Assistant Manager - Business Finance

Assistant Manager, Business Finance

0-2 years of work experience

Bengaluru

About Setu

Setu is working to reimagine financial products for the next billion users.

How do you put a dent in India's economy when most of her population cannot afford insurance, credit, investments, etc. through the formal channels that you and I take for granted Our auto-wallas cannot use Cred, our security guards cannot use Zerodha. There are several examplesyou get the idea.

How can we enable them to get on such platforms

By reducing the cost of distribution. If we break down financial products such as loans, insurance and investments into their fundamental building blocks, and offer them as APIs to businesses, they then package these APIs into highly custom apps, tailor-made for their specific customers, instead of a generic one-size-for-all approach that is the norm today.

This also enables them to go live with a fintech product or service in a matter of days, not months.

We believe that fintech will be a core part of every company's offering. And at Setu, we're building the fintech infrastructure that will accelerate this.

More about Setu

Setu is an acquired entity of Pine Labs, one of the fastest growing fintech companies in India and rapidly expanding its footprint in Asia, UAE, and the US. At Pine Labs, we're looking for those who share our core beliefEvery Day is Game Day. We bring our best selves to work each day to realise our mission of enriching the world through the power of digital commerce and financial services. Know more about Pine Labs here!

Importance of the role

At Setu, we believe that every company can become a fintech company. Any tech-enabled business which wants to offer or build financial products will consume Setu APIs. The business finance function within Setu is equivalent to the spinal cord of a body and without us, businesses can't operate their day-to-day operations. The management relies on the function of steering the strategic direction of the company.

Our clients are very challenging as they can come from any type of company including

1. Financial institutions like Banks and NBFCs

2. Fintechs who are new-age digital lenders and micro-insurance companies, and

3. Pretty much every other type of tech company ranging from agri-tech companies to apartment aggregators, from ed-tech startups to last-mile logistics.

This role is special since it will give you a deep look into the business objectives not only of SETU but many other multiple companies. The learning potential is immense!

What will you do at Setu

As Assistant Manager - Business Finance, you will handle activities with respect to revenue assurance, business partnership, financial planning and analysis, and management reporting.

You'll spend your time

Business Partnership

• Liaise with Business and assist in business partnerships;
• Review of supply and demand side partnerships and agreements;
• Review and monitor of prices of supply side partnerships;
• Work with Business teams in negotiating commercials with supply partners;
• Periodic review and Publish product pricing charters for Business Development teams;
• Assist Business teams in pricing for large enterprise deals; and
• Building selling strategy and pricing plans for new products;

Financial Planning and Analysis

• Liaise with Leadership team in design and implementation of Annual Operating Plan;
• Publish monthly operating and financial performance through MIS and other adhoc analysis;
• Track actuals Vs budget and discuss course correction measures with the Leadership team;
• Review the movement of key costs (Infrastructure, SaaS, and consultants) and appraise function leaders in case of abnormal trends; and
• Liaise with Engg and People Ops teams in controlling costs;

Management Reporting

• Preparation of management reports including operational, financial and other information;
• Support Leadership team in monthly and quarterly performance reviews;
• Prepare and publish MIS, Cashflow, and Cash Burn reports;
• Prepare financial models with scenario analysis; and
• Prepare benchmark analysis and industry landscape reports.

Who is the right fit for this role

• Chartered Accountant with 0-2 years of post qualification experience;
• Worked with Leadership / Senior Management teams;
• Good knowledge of Microsoft Excel and Powerpoint; and
• Familiarity with ERP systems like Oracle and SAP will be an added advantage.

Why Setu

• Opportunity to work closely with the founding team who built and scaled public infrastructure such as UPI, GST, Aadhaar, etc.
• We care deeply about your growth. So we work hard to provide you with
• A fully stocked library and unlimited book budget.
• Tickets to conferences and industry events.
• Learning sessions where we invite both team members and external experts to teach you something new.
• Learning and development allowance that gives access to subscriptions, courses, certifications, music classes, and much more. Grow, learn, and improve with Setu!
• Kick-ass benefits including comprehensive health insurance for you and your family, personal accident and term life insurance, access to mental health counsellors, extraordinary coffee, and a beautiful office with lots of solid wood and natural light.
• We work hard to make sure our team is diverse and varied. We interview and hire purely on merit, skill, and competenceeverything else is irrelevant.

Our core DNA

Our culture codeHow We Move, defines the behaviours we expect from our people. When you display any of the six culture code elements, you demonstrate Every Day is Game Day. The six elements of our culture code

• Take the shot:

  You decide fast and deliver right.

• Sign your work like an artist:

  You master what you do and take pride in it.

• Be the sherpa:

  You lead your crew on every expedition.

• Be the CEO of what you do:

  You own it and make things happen.

• Care with tough love:

  You empower others with trust, respect, and openness.

• Own tomorrow:

  You innovate for the customer and beyond.

Join us if you want to be part of a company that's building infrastructure that will directly impact financial inclusion and improve millions of lives. No cashbacks, no growth-hacks, no gimmicks. Just an audacious mission, and an obsession with craftsmanship in code.