Founders Office - Chief of Staff - Finance
Location
Bangalore | India
Job description
About The Company
We, RentoMojo, were founded by IITM alums and serial entrepreneurs who worked out of almost every major city in India in his first five years of corporate career. Frustrated with the hassles of relocating from one place to the other, and tired of finding that perfect cluster of home essentials that suited their lifestyle.
The spending youth, especially the millennials & Gen Z's prefer staying light, desire flexibility and are value conscious. Willing to experiment with new stuff across categories that make life simpler and not boring, these generations are also sensitive to our planet's sustainability. Our customers and employees identify with what we do '', is what Geetansh Bamania, our Founder and CEO has to say. RentoMojo caters to the needs of the working professionals which is unmet due to nonavailability of furnished rental flats by offering furniture and appliances on rental basis, thus, providing more flexibility than owning the expensive furniture and appliances.
Currently, we have 130,000+ subscribers with a typical rental period of 1214 months. The current market size (as per a recent report by Grant Thornton) is estimated to be US$ 4.1 Billion and expected to grow to US$ 13 Billion by 2025.
With 1000+ people operations, the company has a presence in 16 cities across India. Looking back, Rentomojo has not only made a new market of lease which never existed for the consumer, they have also become market leaders in the consumer rental industry. Unlike the norm, they are now seeing a reverse trend wherein a version of ours is being copied in the US and UK. We are also profitable at monthly PAT since Oct 2021.
Five Pillars Of Our Culture Zoom InZoom Out : - We zoom in and go micro; our focus would be doing better in everything, including things we already do well.
- We zoom out a lot for creating successful pilots that can potentially scale into a lot of value add in the future, like strengthening our offline presence.
Enterprising Mindset: If you are bold enough, you will have life changing growth opportunities here. - We will continue to expand the responsibilities of hungry and willing people. If you are ready to do what you have never done, you will find roles that you have never managed.
- Growing people from within was a significant contributor to the Fortune employers choice award that we won in 2022 and more importantly that's one of the biggest reasons of our success & continued momentum
Frugality: Measure Twice and Cut once. - It is always easy to spend more money to get more done, but it lacks any form of challenge. We have to grow and become better without a proportionate increase in cost.
- For every penny that we spend or that we put up to spend, expect a lot of discussions, debates and conversations. Planning is going to be important, data has to be the foundation, detailing will be a must and world class execution is the only way we will move forward in this journey.
Accountability: Less Why, more How. - We will always have more to bite than we can chew, we will always have to make choices and prioritize while we progress. We can have hundreds of reasons behind why something can not be done, but we have to remain focused on the how of things. The focus on how will help us find ways to get done, what needs to get done.
Think, decide, play and act for the long term. - The only time we will make short term decisions is when they help us in the longer term. To us, the long term is all about consistency and not intensity.
Recent Media Coverage: YourStory , Dec 2022
The Core Team Geetansh Bamania - Founder & CEO
Ketan Krishna - People & Governance Head
Prabhat Verma - VP of Engineering, Data & Product
Hakim Ujjainwala - Head of Capital and Resourcing
Shivendu Ojha - VP - Customer Operations and Sales
Rohan Kulkarni - Head of Corporate Finance and Strategy
Aman Jha - Head of Operations & Procurement
Akash Jangid - Chief of Staff
Dhruv Wahal - AVP - Growth and Marketing
ROLE : Chief of Staff (Finance) - Founders Office
LOCATION : Bangalore
NUMBER OF DIRECT REPORTEES : Individual contributor role
KEY RELATIONSHIPS REPORTS TO : Founder & CEO
KEY RELATIONSHIPS : Internal: Finance Team, All Function Heads & Department
Heads,
External: Vendors, Investors, Advisors
About The Role Enable the CEO's in strategic financial operations, analysis, project management, investment management and decision-making. Responsibilities And Ownership (Things that the role cannot miss)
General - Be a trusted financial advisor to the CEO. Keep CEO updated on Financial Reporting, Audit and Compliance (understand FC & Capital work to CEO, & prioritize the project based on CEO's insights)
- Provide insightful analysis to the CEO on the impact of FC and Capital projects on the company's financial health.
- Work closely with the CEO to identify key financial priorities and initiatives.
- Collaborate with department heads to prioritize projects, ensuring resource allocation aligns with the CEO's strategic vision.
- Monitor project progress and provide regular updates to the CEO on critical milestones.
- Develop and evaluate investment strategies, identifying potential opportunities and assessing associated risks.
- Conduct thorough market research on stocks, companies, and industries to guide strategic decision-making.
- Prepare detailed financial reports, presentations, and forecasts to support executive-level discussions and initiatives.
- Conduct variance analysis and provide actionable insights to drive performance improvements.
- Collaborate with cross-functional departments to ensure integration of financial data into strategic planning processes.
- Stay abreast of emerging financial trends and developments, offering proactive recommendations.
Financial Analysis And Reporting - Conduct in-depth analysis of financial data, including balance sheet, revenue, expenses, and cash flow, to provide accurate and timely reports for the CEO.
- Prepare comprehensive financial models, forecasts, and variance analysis to identify key trends, risks, and opportunities.
- Generate regular reports and presentations for executive meetings, summarizing financial performance and highlighting critical insights.
Strategic Planning And Decision Support - Collaborate closely with cross-functional teams to assist in strategic planning initiatives, including budgeting, forecasting, and long-term financial planning.
- Provide strategic insights and recommendations based on financial analysis to support key business decisions and initiatives.
- Evaluate potential investments, acquisitions, or other strategic opportunities, presenting findings to the CEO for consideration.
Performance Metrics And KPIs - Develop and monitor key performance indicators (KPIs) to track business performance and assess the effectiveness of financial strategies.
- Analyze and interpret KPI data to identify areas for improvement and present actionable recommendations to enhance operational efficiency and profitability.
Fund Advisory - Research and recommend the founder on his personal wealth investment strategy.
Preferred Qualifications - CA/CFA/MBA Finance with a track record of successfully analyzing financial data and providing actionable insights.
- Proficiency in financial analysis tools.
- Stakeholder and people management skills.
- Passion for Project management.
- Unwavering attention to detail, ensuring accuracy in all aspects of work.
- Impactful verbal and written communication skills, presenting complex financial information with clarity and conciseness.
- An eye on automation of processes and active coordination with tech and product teams to ensure products are being launched to automate manual and repetitive processes
- Strong knowledge of accounting principles.
- Well versed with software tools like MS-Office, Power BI, ERPs like Tally Prime
- Experience in development and documenting processes, SOPs, documentary controls, and accounting policies to maintain and strengthen internal controls
Skills: balance sheet review,balance sheet,p&l analysis,p&l management,p&l modeling,cash flow analysis,cash flow forecasting,financial acumen,financial analysis,business intelligence,project management,data analysis,kpi development,public markets,small business finance
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