19 Aug
|
Loopworm
|
Bengaluru
19 Aug
Loopworm
Bengaluru
About Loopworm
Loopworm is a vertically integrated silkworm company based in Bengaluru. We process silkworm pupae into Loop Meal, a high-protein ingredient, and Loop Oil, 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.
Purpose of the Role
Product-level costing. Cash forecasting. Working capital. The currency exposure on our export receivables. You will own all of it, and you will build the function that produces it — the controls, the costing model, the cash discipline and the reporting rhythm — before you run it. This is a build role, not a maintenance role.
What You'll Own
Controls and the monthly close Close the books by working day 5, every month, against a checklist. Design segregation of duties, the approval matrix and delegation of authority; 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 Loop Meal and Loop Oil by customer and geography. Publish margin by product monthly, and be able to explain every movement in it. 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 Own a rolling cash flow and the working capital cycle, each against a stated target. 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.
Capital and lenders Build and hold the data room so that we are diligence-ready before diligence begins. Own the financi
📌 Finance Controller (Bengaluru)
🏢 Loopworm
📍 Bengaluru