18 Aug
|
Loopworm
|
Bengaluru
18 Aug
Loopworm
Bengaluru
We process silkworm pupae into LoopMeal, a high-protein ingredient, and LoopOil, supplied to aquafeed, pet food and animal nutrition customers in India, Japan, Southeast Asia and Europe. We reached profitability within 30 months of commercialisation and manufacture at our own plant in the Dodaballapur industrial area. Own inventory valuation across raw material, WIP, finished goods and packing material, and its reconciliation to the books. Costing and unit economics Build product-wise costing: landed cost per kg of pupae, conversion cost per MT, yield and loss accounting, and contribution margin for LoopMeal and LoopOil by customer and geography. Own the annual budget and the monthly budget-versus-actual review, built with the plant and procurement teams rather than for them. Cash, treasury and working capital Manage banking relationships and the cost of debt — negotiate terms rather than accept them. Own currency exposure on export receivables: hedging policy, booking discipline and realisation against booked rate, plus export incentives and documentation. Build and hold the data room so that we are diligence-ready before diligence begins. Own the financial model, the diligence response, covenant negotiation and compliance reporting. Compliance, audit and risk Drive the statutory audit to a clean report with no material adjustments. Review — not prepare — GST, TDS, PF, PT and income tax positions; own tax planning and structuring as the company grows. Own insurance cover, commercial contract review and the risk register. Mentor the Accounts Manager deliberately toward controller-level capability, and hire and build the layer below.
Own the finance side of the ERP rollout and the shift from spreadsheets to a system of record. Months 6–12 — data room current; debt facility negotiated; a clean statutory audit. This role carries banking authority, payment approvals and the numbers we will put in front of investors and lenders. Someone who opens the ledger. There is no team beneath you on day one beyond one Finance Manager. When a reconciliation is wrong, you will find out why yourself. ~ Experience and education ~ Chartered Accountant, or Cost Accountant (ICWA) with solid financial accounting depth. ~5+ years, including genuine manufacturing costing experience — you have built a costing model, not consumed one. ~ Ideally the second finance person in a small company, or someone who built a function from a small base, rather than the seventh in a large finance department. ~ Preferred: exports and currency hedging; a funding round or bank diligence handled from the company side; ERP implementation; Advanced Excel and financial modelling; comfortable owning the shift from spreadsheets to an ERP system of record. Working knowledge of GST, TDS, PF and PT frameworks, even though compliance is reviewed rather than prepared. Banking and vendor negotiation experience — comfortable negotiating terms, not just accepting them. Working knowledge of Kannada alongside English is an advantage. Bad news should travel fastest. Decisions are made on data. in ) with a short note on one finance function you have built or fixed — what was broken, what you did, and what the numbers looked like before and after.
📌 Afstudeerstage financieel controller (Bengaluru)
🏢 Loopworm
📍 Bengaluru