Wakefit Innovation - Plant Finance Manager - CA

About Wakefit:

Wakefit.co is a research and innovation-driven home and sleep solutions company established in March 2016. It was founded by Ankit Garg and Chaitanya Ramalingegowda and holds a vision to be the most loved home solutions company in India. With an ever-expanding portfolio that includes mattresses, pillows, bed frames, mattress protectors, comforters, bedsheets, pillows, back cushions, sofas, coffee tables, shoe racks, lighting, decor and much more. Wakefit.co manufactures all of its products in-house.

The company sells across the country through its own online portal and through other online marketplaces. Wakefit.co prides itself on its customer experience, with over 10 Lakh customers serviced across six years and over 3 lakh positive reviews received online. The company has received Series A funding from marquee investor Sequoia Capital India, Series B funding from Verlinvest and Sequoia Capital India, and Series C funding from SIG, Verlinvest and Sequoia Capital India. It has recorded 3x revenue growth year-on-year since 2016 and is currently valued at 2800 crores.

Wakefit.co follows a unique delivery model. It has a product-oriented approach that invests heavily on research and innovation to create products that are ahead of the industry curve. It ships products to its customers directly from the factory, thus ensuring significant cost reduction which gets passed on to the customer. The USP of the brand lies in the fact that its products are made after extensive customer interviews and extensive research.

About the Role:

We are looking for a Manger Operation Finance to lead Finance function at plant level. This person will be responsible for handling all the finance and costing related activities at plant level including statutory compliance. Team of 2-3 Finance executive will be reporting to this person.

Job Description:

- Product costing and variance analysis for the plant cost (covering RM/PM and factory overhead)

- Working with operation / Supply chain team on operation cost, preparation of their operating plan, tracking of actual cost against budget and reporting of variance.

- Identification of cost saving opportunities and working with cross functional team on cost saving projects.

- Supporting Finance controlling team in Statuary audits with company auditors, Tax audits (Direct and Indirect), Internal Audits and any Due Diligence audit conducted by Investors.

- Provide insightful information and explanation to senior executives to aid in long-term and short-term decision making.

- Setting up of Internal Financial Controls for the operations of company and ensuring the compliance for same.

- Working with operation team on new capex at plant level and tracking ROI of such investments.

- Building adequate inventory controls at plant level for correct reporting and valuation of inventory.

- Work on special projects like ERP implementation etc.

Required:

- CA with 3 - 5 years of experience in Accounts and Finance or Audit.

- Experience of working in Manufacturing plant would be important for this role

- Article Ship from top 10 audit firms (preferably big 4)

- Good knowledge of Taxation regime and Indian GAAP.

- Experience in Handling of Audits with Big 4 accounting firm.

- Ability to provide business inputs and domain knowledge for finance/accounting / Taxation to business and operation.

- Good communication and leadership skills.

- Ability to work under pressure with limited resource and tight timelines

- Experience of ERP implementation will be added advantage.

Prior experience required in:

- Month End Book Closing

- Product Costing

- Production Variance analysis, Order Settlement

- Plant Opex Management

- Plant Capex

- Cost Saving Initiatives

- Physical Stock take

- Inventory Controls