13 Oct
|
Shree Chanakya Education Society
|
Pune
13 Oct
Shree Chanakya Education Society
Pune
Tee Ess
We Are Hiring
Designation
Finance Manager E-commerce
Age
30 years and above
Experience
6 to 8 years
Educational Qualification
- Bachelor's degree in Finance, Accounting, Commerce, Business Administration, or a related discipline from a recognized university.
- CA / CMA / MBA (Finance) / M.Com or other relevant postgraduate qualification will be preferred.
• Qualified certifications in financial management, taxation, accounting, data analytics, or ERP systems will be an added advantage.
Experience:
- Minimum 6–10 years of experience in Finance, Accounting, Commercial Finance, Business Finance, or E-commerce Finance.
- Strong hands-on experience in E-commerce finance, marketplace finance, D2C finance, or digital commerce operations is preferred.
- Candidates with experience in Color Cosmetics, Beauty, Personal Care, FMCG, Consumer Goods, D2C, Retail, or E-commerce businesses will be preferred.
- Proven experience in revenue reconciliation, marketplace settlements, payment gateway reconciliation, working capital, budgeting, forecasting, and financial reporting.
- Experience in managing Amazon, Flipkart, Myntra, Nykaa, Shopify, D2C platforms, payment gateways, and other E-commerce channels will be an added advantage.
• Experience in financial analysis, margin management, cost control, inventory accounting, and business performance analysis.
Role Summary: The Finance Manager – E-commerce will be responsible for managing and overseeing Tee Ess' finance and accounting operations across its E-commerce, D2C, marketplace, and digital sales channels. The role will focus on revenue reconciliation, marketplace settlements, profitability analysis, working capital management, budgeting, forecasting, inventory accounting, cost optimization, and financial reporting.
The position will work closely with E-commerce, Sales, Marketing, Supply Chain, Procurement, Operations, and Leadership teams to provide accurate financial insights, improve channel profitability, strengthen financial controls, and support sustainable business growth.
Roles and Responsibilities
E-commerce Finance & Revenue Management
- Manage end-to-end finance operations for Tee Ess' E-commerce, D2C, marketplace, and digital sales channels.
- Monitor daily, weekly, and monthly sales revenue across marketplaces and E-commerce platforms.
- Reconcile orders, sales, cancellations, returns, refunds, discounts, commissions, shipping charges, and other marketplace deductions.
- Ensure accurate accounting of revenue across Amazon, Flipkart, Nykaa, Myntra, Shopify, D2C platforms, and other sales channels.
- Track marketplace settlements and ensure timely reconciliation of receivables.
- Identify and resolve discrepancies between E-commerce platforms, payment gateways, ERP systems, and accounting records.
• Monitor channel-wise revenue, contribution margins, profitability, and financial performance.
Marketplace & Payment Reconciliation
- Perform regular reconciliation of marketplace statements, payment gateway settlements, bank collections, and ERP/accounting records.
- Monitor marketplace commissions, advertising charges, logistics costs, penalties, returns, refunds, and other deductions.
- Identify revenue leakage, incorrect deductions, short settlements, and unreconciled transactions.
- Coordinate with E-commerce and marketplace teams to resolve settlement and payment discrepancies.
• Maintain accurate reconciliation statements and ensure closure of outstanding items within defined timelines.
Financial Planning & Analysis
- Prepare monthly, quarterly, and annual budgets for E-commerce and D2C operations.
- Develop financial forecasts based on sales trends, product performance, marketing plans, inventory levels, and business projections.
- Prepare channel-wise and product-wise profitability analysis.
- Analyze gross margin, contribution margin,
EBITDA, CAC, ROAS, AOV, return rates, and other relevant E-commerce financial metrics.
- Provide financial insights to management for pricing, promotions, product launches, marketing investments, and business expansion decisions.
• Conduct variance analysis between actual performance and budget/forecast and recommend corrective actions.
Cost & Profitability Management
- Monitor and control E-commerce operating costs, marketplace commissions, logistics expenses, payment gateway charges, promotional discounts, and marketing spends.
- Evaluate the financial impact of discounts, coupons, promotional campaigns, and marketplace offers.
- Analyze product-level and channel-level contribution margins to identify profitable and underperforming categories.
- Work with Marketing and E-commerce teams to evaluate campaign profitability and ROI.
• Identify opportunities for cost optimization and revenue improvement across E-commerce operations.
Inventory & Working Capital Management
- Monitor inventory valuation, stock movement, ageing, provisions, and inventory-related financial impact.
- Coordinate with Supply Chain and Operations teams to optimize inventory levels and working capital.
- Monitor slow-moving, non-moving, damaged, expired, and obsolete inventory and recommend appropriate financial provisions/actions.
- Track accounts receivable, accounts payable, payment cycles, and working capital requirements.
• Prepare working capital analysis and recommend initiatives to improve cash flow.
Accounting & Financial Reporting
- Ensure accurate recording and accounting of E-commerce transactions in the ERP/accounting system.
- Prepare monthly MIS, management reports, profitability statements, and financial dashboards.
- Support month-end and year-end closing activities, including accruals, provisions, reconciliations, and revenue recognition.
- Ensure accurate accounting of sales returns, refunds, discounts, commissions, freight, marketplace charges, and other E-commerce-related expenses.
- Coordinate with auditors, tax consultants, and internal stakeholders for financial and statutory requirements.
• Ensure compliance with applicable accounting standards, GST, TDS, and other relevant statutory requirements.
Business Finance & Commercial Support
- Partner with E-commerce, Sales, Marketing, Supply Chain, Procurement, and Operations teams to support business decisions.
- Evaluate new marketplace/channel opportunities from a financial and commercial perspective.
- Support pricing decisions by analyzing product costs, marketplace charges, logistics costs, discounts, and desired margins.
- Review commercial terms with marketplaces, vendors, logistics partners, agencies, and other business partners.
• Support management in evaluating business cases, investments, new product launches, and expansion initiatives.
MIS, Analytics & Continuous Improvement
- Prepare daily, weekly, and monthly finance dashboards for E-commerce business performance.
- Develop automated reports and dashboards for revenue, profitability, reconciliation, collections, expenses, and working capital.
- Analyze financial data to identify trends, risks, revenue leakages, and opportunities for improvement.
- Implement stronger financial controls and reconciliation processes across E-commerce operations.
• Drive process improvements through ERP, automation, analytics, and technology-enabled finance solutions.
Team & Cross-functional Coordination
- Lead and manage finance activities related to Tee Ess' E-commerce business.
- Coordinate with internal finance and accounting teams to ensure timely closure of transactions and reconciliations.
- Collaborate closely with E-commerce, Marketing, Sales, Supply Chain, Procurement, Warehouse, and Operations teams.
- Establish explicit financial processes, controls, and accountability across E-commerce operations.
• Support and mentor team members in E-commerce finance, reconciliation, reporting, and analysis.
Required Skills & Expertise:
- Robust knowledge of E-commerce finance, marketplace settlements, revenue reconciliation, and D2C business models.
- Strong understanding of P&L;, balance sheet, cash flow, working capital, budgeting, forecasting, and financial analysis.
- Hands-on experience with Amazon, Flipkart, Nykaa, Myntra, Shopify, D2C platforms, payment gateways, or similar E-commerce ecosystems will be preferred.
- Strong knowledge of GST, TDS, taxation, accounting principles, and financial controls.
- Proficiency in ERP/accounting systems such as SAP, Oracle, Tally, Microsoft Dynamics, NetSuite, or similar platforms.
- Advanced proficiency in Microsoft Excel, including Pivot Tables, XLOOKUP/VLOOKUP, SUMIFS, dashboards, and financial modelling.
- Experience with Power BI or other business intelligence/reporting tools will be an added advantage.
- Strong analytical, numerical, problem-solving, and decision-making abilities.
- Strong commercial understanding and business acumen.
• Excellent communication, stakeholder management, and negotiation skills.
Preferred Industry Experience: Candidates with experience in the following industries will be preferred:
- Color Cosmetics / Beauty & Cosmetics
- D2C / E-commerce
- FMCG / Consumer Goods
- Personal Care / Beauty Products
- Retail
- Consumer Brands
• Marketplace-driven businesses
Candidates with direct experience in Color Cosmetics and E-commerce Finance will be strongly preferred.
Personal Attributes
- Commercially oriented and financially astute professional.
- Strong analytical mindset with excellent attention to detail.
- Result-driven with a strong focus on accuracy and financial discipline.
- Proactive, process-oriented, and solution-focused.
- Strong ownership and accountability.
- Ability to work effectively in a fast-paced E-commerce environment.
- Collaborative leader with strong interpersonal and stakeholder management abilities.
• Adaptable and comfortable working with changing business priorities and high-growth environments.
Performance Indicators (KPIs):
- E-commerce Revenue Reconciliation Accuracy.
- Marketplace Settlement Reconciliation TAT.
- Revenue Leakage / Recovery.
- E-commerce Gross Margin &
• Contribution Margin.
- Channel-wise Profitability.
- Budget vs.
Actual
Variance.
- Working Capital Improvement.
- Accounts Receivable / Collection Efficiency.
- Inventory Accuracy &
• Inventory Value Optimization.
- Cost Reduction / Cost Optimization.
- Marketplace Commission &
• Expense Optimization.
- Financial Reporting Accuracy &
• Timeliness.
- Month-end Closing TAT.
- MIS Reporting Accuracy and Timeliness.
• Compliance and Audit Closure.
Working Conditions:
- Full-time position based at Tee Ess' corporate office.
- Regular coordination with Finance, E-commerce, Sales, Marketing, Supply Chain, Procurement, Warehouse, Operations, marketplaces, payment gateways, and external business partners.
- Extended working hours may be required during month-end/year-end closing, major sales campaigns, festive periods, product launches, and business-critical operations.
• Occasional travel may be required to Tee Ess' offices, warehouses, manufacturing facilities, marketplaces, vendors, and business partner locations as required.
Salary Range – Upto 75K Gross Per month
📌 Finance Manager (Pune)
🏢 Shree Chanakya Education Society
📍 Pune