Manager/Senior Manager - Operations Finance

Job Description

Manager/Senior Manager - Operations Finance

Company : Sabonka Technologies Pvt. Ltd.

About the Company : Sabonka Technologies seeks to re-imagine the way key players in the product supply chain such as Wholesalers, Distributors and Retailers do business. Sabonka aims to enable the supply chain, across industry verticals (whether FMCG, Mobile handsets & accessories, etc) and increase the ease of doing business, through an innovative B2B online marketplace, Shotang. The Shotang marketplace brings together Retailers and Suppliers and facilitates product discovery at optimised prices for required demand. Sabonka has recently raised Series A & Series B funding from a marquee group of Investors (VCs and Funds).

About the Role : The Manager- Operations Financedrives the execution of key functions such as Revenue Assurance on sales executed through Shotang, Cash Collections, receipts into Banks, Nodal account operations, Sales returns, Supplier remittances, Bank account and Supplier Ledger Reconciliations, related Operations & Finance Controls, profitable deployment of Float, Product price strategies andPrice - Demand Analytics of online Inventory. The role will playa key link between the Operations team and Finance, ensuring that Operational activities translate into Revenue and Cash.

Reporting to : The CEO

Key Stakeholders : Operations Manager, Technology development head, Investors of Sabonka

Job Responsibilities :

- Ensure Revenue Recognition takes place in line with Master Contracts with Suppliers - (1) for supplier On boards (2) For transactions executed over Shotang Marketplace. Manage the Revenue pipeline and alert management on a continuous basis on KPIs - pace of Supplier On Boarding, Gross Transaction Value booked and Avg Txn mark down (Service Fee %) viz a viz the Annual Plan.

- Ensure accuracy and completeness of Service / Transactional revenue. Partner with the Operations team to drive execution of Operational and Financial controls established for transaction fee revenue recognition. Maintain control over Orders Fulfilled / sales returns (daily/ weekly basis) and reconcile with Collections / refunds (whether Online payments / cash). Create memorandum Service Revenue entries for arriving at - appropriations- from Suppliers.

- Create / Update Standard Operating Procedures on Operational & Finance controls around Revenue recognition and - Closing the Transaction Loop- for strong audit trail and documents

- Manage Current Accounts and Nodal account maintained with Banks. Maintain Control over Cash collected at collection centres and manage the framework for Cash deposit as well as card payments into Current account. Drive necessary processes to reconcile Receipts with GTV, Service Fee (incl S. Taxes) and Net Remittances along with sufficient documentation. Reconcile Nodal account deposits (for online payments) with Orders fulfilled. Provide necessary back up documentation to bank on Orders fulfilled for enabling remittances to Supplier's as well as Sabonka's bank account.

- Co-ordinate with Corporate Finance team for advising Revenue booking and raising of Invoices. Collate and provide necessary documentary back up to support Invoicing and audit trail.

- Maintain regular Control over Suppliers- Ledger account. Follow up on Receivables and collections.

- Build and Manage an Operations Finance team comprised of Cashiers and Reconciliation specialists.

- Manage the Pricing framework of supplier product inventory posted online. Maintain Price Lists,Analyse product movement vis a vis price and regularly update pricing upon executive confirmation to ensure competitiveness of products sold over Shotang platform and at the same time ensuringCompany's profitability

- Partner with Sales, Operations and Corporate Finance teams in driving the Annual Revenue Plan (analysed by Industry verticals) with detailed plans on Supplier and Retailer on boards, Listing fees, Gross Transaction Value targets, planned Txn. mark downs on Supplier prices for deriving Service fees and Other Revenue

Academics: MBA with specialisation in Finance from Tier 1/ Tier 2 / Tier 3 Institutes

Experience : At least 6+ years of relevant Business Finance experience in areas such as Operations management, Pricing, Financial Planning & Analysis, Finance & Operation Controls preferably from Industries such as Retail, FMCG, Online Marketplaces, Distribution or from a product Sales Finance partnering background.

Key Skills:

- Good Business Acumen

- Critical Thinking

- Partnering ability

- Sound Financial analysis and Analytical ability

- Very strong fundamentals on Financial and Operational Controls

- Excellent Presentation skills