Chakr Innovation - Manager - Corporate Finance

Chakr Innovation - Job Description

Role : Manager, Corporate Finance

Company Overview :

Chakr Innovation is a company formed by graduates from IIT Delhi who be working on developing innovative hardware technologies. Chakr Innovation is a IIT Delhi incubated start-up, which is funded by IAN Fund, ONGC and Parampara Capital.

Chakr Innovation has been recognized and given grants by United Nations Environment Programme (UNEP), Department of Science and Technology (DST), Government of India and Federation of Indian Chambers of Commerce & Industry (FICCI) and were also awarded and recognized as the most innovative hardware company by American Society Of Mechanical Engineers (ASME). The co-founders have also been chosen as Forbes Global 30 under 30 as well as Echoing Green Fellows.

As the first product, Chakr Innovation has developed a solution to control the polluting emissions from diesel generators. The device can capture ~90% of particulate matter being emitted from diesel generators which has been verified by IIT Delhi and labs accredited by IS/ISO/IEC and NABL. Chakr has been working with some of the leading companies in India like Hindustan Petroleum, Indian Oil, ITC, Tata Group, JSA Law, IIT Delhi and DS group who have adopted this technology. Their second product is in the field of decontamination and reuse of PPEs and N95 masks, which can contribute to stop the spread of COVID-19. The device is currently under approval stage with ICMR-NIV, wherein Chakr has signed and MoU with ICMR-NIV for the same.

Role Overview:

- Finance Manager will lead a team of 3 accountants and analysts to perform a variety of financial and accounting duties for the organization. Finance Manager will review accounting transactions and ensure their completeness and accuracy and will also serve as a liaison to other departments for accounting-related matters, as well as identify discrepancies in documents and reports.

- He/she will also be responsible for investor and stakeholder communication and management for all financial, compliance and governance related matters.

- He/she will reconcile data in financial statements, run financial reports, and prepare all management information records. Finance Manager will also administer fixed asset accounts and capital expenditures, as well as assist with work flow improvements throughout their organization.

Eligibility and Requirement :

The candidate should meet the following criteria:

- Chartered Accountant/MBA-Finance/CPA and undergraduate in Finance/Commerce

- Proven work experience of minimum 3-5 years in relevant field

- Knowledge of business accounting & finance systems

- Knowledge of financial statements

- Knowledge of Tally and QuickBooks

- Excellent communication and presentation skills

- Strong analytical skills with a goal-oriented attitude

- Passion for problem solving and creating an impact

- Solid computer skills, including MS Office (Word, Excel & PowerPoint), Google Drive (Docs, Spreadsheets and Slides)

Detailed Work Description:

The candidate will be primarily responsible for:

Financial Budget Management:

- Preparing and monitoring the monthly, quarterly and annual budget for the organization

- Coordinating with banks/NBFCs/Govt organizations to avail working capital loansey point of contact for other departments on financial and accounting matters

- Working with funding organizations to avail grants and manage the projects

Accounting:

- Key point of contact for other departments on financial and accounting matters

- Appropriate preparation of all financial reports and financial statements for management

- Working with accountants and auditors for bookkeeping and managing accounts

- Processing, recording, and payment of invoices, bills, taxes and other transactions

- Resolving outstanding payments through communication with departments, vendors, and clients

Compliance:

- Recording of fiscal transactions along with balancing and reconciling accounts

- Tracking and ensuring that company is meeting all financial, legal and secretarial compliance

- Working with the internal auditor for ensuring adherence to all financial and legal compliance

Investor and Board Management:

- Preparing MIS and updates for investors on a monthly basis

- Ensuring compliance based on the Shareholder Agreements

- Coordinating and managing Board meetings, approvals, discussion and follow up on actions

- Managing the inter-departmental coordination for all investor and board updates and compliance

- Coordinating for institutional fund-raise for the company including financial projections, pitch and investment closure

- Supporting the Management with Projects, Reports and tasks when required