Senior Finance Executive

1. Role Objective

Responsible for the overall financial health of Karotec Living India Pvt. Ltd. during its 5-year market penetration strategy (2026-2030). Key focus areas include managing and reporting the initial FDI capital, establishing internal controls, budgeting for marketing/distribution channels, and ensuring strict compliance with RBI regulations, FEMA laws, and local corporate laws.

2. Key ResponsibilitiesA. FDI Management & Legal Compliance

· Capital Management: Directly manage the receipt, conversion, and reporting of the Foreign Direct Investment from HQ Vietnam to India.

· Regulatory Compliance: Ensure strict adherence to Reserve Bank of India (RBI) reporting guidelines, Foreign Exchange Management Act (FEMA), and complete share issuance procedures on time.

· Corporate Affairs: Liaise with consulting firms, Statutory Auditors, and Company Secretaries to file necessary reports with the Ministry of Corporate Affairs (MCA).

B. Financial Planning & Analysis (FP&A)

· Budgeting & Forecasting: Develop financial models, cash flow forecasts, and annual budgets to support the revenue target of $1 million until Mar 2026, aiming for $30 million by 2030.

· Pricing & Margin Assessment: Appraise the financial viability of pricing strategies, margins across distribution tiers (Super Stockist, Distributor, Dealer), and Co-op Marketing campaigns.

· Cost-Benefit Analysis: Analyze cost efficiencies between Completely Built Up (CBU) imports from Vietnam versus future localization/assembly in India.

C. Risk Management & Tax Optimization

· Forex Hedging: Establish forex risk management strategies across VND, USD, and INR to protect company margins.

· Tax & Transfer Pricing: Optimize corporate tax structure and withholding taxes, and manage Transfer Pricing risks between Vietnam and India entities.

D. Operational Cost & Ecosystem Control

· Vendor Audits: Approve and control major expenses, especially fixed and variable costs from strategic partners like Team IGL's 3PL warehousing in Bhiwandi (monitoring the 280-pallet minimum guarantee and ad-hoc costs).

· Ecosystem Revenue: Develop management accounting models to track revenue streams and profitability from the post-sales 'Ecosystem', including Annual Maintenance Contracts (AMC) and periodic filter replacements.

E. Tax Accounting & Statutory Compliance (future shift to Accountant Specialist)

· GST Filing: Accurately calculate, declare, and remit indirect Goods and Services Tax (GST) monthly, including timely GSTR-1 and GSTR-3B filings.

· TDS Management: Deduct and declare Tax Deducted at Source (TDS) for payments to suppliers, dealers, and after-sales technicians according to Indian tax brackets.

· Refund Processing: Coordinate the processing of GST refund procedures for imported goods from the Vietnam factory (if applicable)

F. Accounts Payable & 3PL Auditing (future shift to Accountant Specialist)

· Invoice Verification: Receive and verify the validity of invoices from turnkey service partners like Team IGL (Bhiwandi Warehouse).

· Logistics Cost Reconciliation: Conduct detailed reconciliations of actual loading/unloading variable costs based on vehicle pricing (from Tata Ace to 40FT Containers) and ad-hoc labor against the partner's WMS reports.

· Service Payments: Control payment schedules for installation and after-sales repair service partners based on Service Level Agreement (SLA) operational metrics

G. Accounts Receivable & Debt Control (future shift to Accountant Specialist)

· GT Wholesaler & LFR Revenue: Track and accurately record wholesale revenues from Super Stuckists, Distributors, and cash flows from LFR chains.

· Ecosystem Revenue: Monitor cash flows and record industry-specific revenues, including retail sales of replacement parts/filters and Annual Maintenance Contract (AMC) packages.

· Aging Reports: Prepare periodic Aging Reports, issue warnings for overdue accounts from distributors in Maharashtra, and propose debt recovery measures

H. Bookkeeping & Inventory Accounting (future shift to Accountant Specialist)

· System Entry: Record all business transactions into the company's accounting software (Tally Prime, Zoho Books, or SAP).

· Inventory Reconciliation: Collaborate with Logistics personnel to periodically reconcile inventory data between Karofi's software and the 3PL Bhiwandi warehouse WMS to ensure zero discrepancies or shrinkage

3. Requirements & Qualifications

· Education: Bachelor's degree or higher in Finance or Accounting. Candidates with professional certifications like Chartered Accountant (CA India), CPA, CMA, or CFA are highly preferred.

· Experience: 7-10 years of experience in Finance/Accounting, with at least 3 years as a Finance Manager in MNCs within the Consumer Electronics, Home Appliances, or FMCG sectors in India.

· Knowledge: In-depth understanding of the Indian Companies Act 2013, direct/indirect tax laws, and RBI/FEMA regulations regarding FDI.

· Skills: Excellent analytical and strategic thinking skills; proficiency in major ERP systems (SAP, Oracle); strong leadership and team management capabilities.

4. Compensation & Benefits

· Salary: Competitive base salary matching the financial talent market in Mumbai/Delhi NCR.

· Statutory Contributions: Mandatory government contributions compliant with Indian labor laws (Provident Fund - PF, ESIC).

· Allowances & Insurance: Personal health insurance and travel/site-visit allowances for warehouse inspections in Bhiwandi.

Pay: ₹40,000.00 - ₹60,000.00 per month

Work Location: In person