29 Oct
|
Common Thread
|
Mumbai
29 Oct
Common Thread
Mumbai
– Head of Accounts & FinanceIndustry: Companionship | Lifestyle | Technology Startup
Location: Mumbai
Experience: 7–12 years
Reporting to: Founder / CEO
Employment Type: Full-time
About the CompanyWe are building an innovative, purpose-driven startup focused on transforming the way people connect, socialise, and build meaningful relationships.
Our platform combines technology with personalised, human-led services to create a vibrant ecosystem of companionship, social engagement, and community experiences, particularly for individuals aged 50 and above.
As we prepare to launch and scale, we are looking for a dynamic, detail-oriented, and entrepreneurial Head of Accounts & Finance to establish and manage our financial operations from the ground up.
Role OverviewWe are seeking a hands-on finance professional who can take complete ownership of the company's accounting, financial reporting, compliance, budgeting, and financial controls.
This is a startup environment, so the ideal candidate must be comfortable both designing financial processes and executing day-to-day accounting activities.
The person will play a critical role in establishing a financially disciplined, transparent, and scalable business.
Key Responsibilities1. Accounting &
- Financial Operations
- Set up and manage the company's end-to-end accounting function.
- Maintain accurate books of accounts, ledgers, and financial records.
- Oversee accounts payable, accounts receivable, invoicing, and reconciliations.
- Manage vendor payments, employee reimbursements, and operating expenses.
- Handle bank reconciliations, cash flow tracking, and payment processing.
- Ensure timely monthly, quarterly, and annual financial closing.
2.
Revenue
Management &
• Business Operations
- Establish accounting systems for membership fees, subscriptions, events, and service-based revenue.
- Monitor customer collections, refunds, cancellations, and payment reconciliations.
- Track revenue across digital platforms and offline operations.
- Coordinate with operations and customer service teams to maintain accurate transaction records.
- Establish financial controls for new business models and service offerings.
3.
Financial
Planning &
• MIS
- Prepare monthly financial reports and management dashboards.
- Develop and monitor budgets, forecasts, and operational expenditure.
- Track key financial metrics, including revenue, customer acquisition costs, profitability, and cash burn.
- Provide financial insights to support business decisions.
- Monitor unit economics and identify opportunities for cost optimisation.
4. Taxation, Compliance & • Audit
- Ensure compliance with applicable GST, TDS, income tax, and statutory requirements.
- Coordinate with external auditors, tax consultants, and regulatory advisers.
- Oversee statutory filings and maintain audit-ready financial records.
- Develop appropriate internal controls and financial policies.
- Ensure proper documentation and compliance across all financial transactions.
5.
Financial
Systems &
• Process Development
- Set up accounting software and financial reporting systems.
- Implement efficient processes for payments, billing, expense approvals, and reconciliations.
- Integrate accounting processes with the company's technology platform and payment gateways.
- Introduce automation wherever possible to reduce manual work.
- Build scalable financial processes capable of supporting expansion across multiple cities.
6. Team & • Stakeholder Management
- Build and manage a small accounts and finance team as the organisation grows.
- Work closely with the Founder, CEO, and operations team.
- Coordinate with banks, vendors, auditors, and financial service providers.
- Support the leadership team with financial analysis and planning.
Qualifications & • Experience
- Bachelor's degree in Commerce, Accounting, or Finance.
- CA / CA Inter / MBA Finance preferred.
- 7–12 years of relevant experience in accounting and financial management.
- Previous experience in a startup, consumer services, hospitality, technology, or subscription-based business is highly desirable.
- Strong knowledge of Indian accounting practices, taxation, and statutory compliance.
- Proficiency in Tally, Zoho Books, or similar accounting platforms.
- Advanced Excel skills and experience preparing financial MIS reports.
- Experience implementing accounting systems and processes from scratch is an advantage.
Ideal Candidate ProfileWe are looking for someone who is:
- Entrepreneurial: Comfortable working in a fast-paced startup where systems are still evolving.
- Hands-on: Willing to manage everyday accounting responsibilities while building the finance function.
- Highly organised: Strong attention to detail, accuracy, and financial discipline.
- Commercially minded: Understands how financial information supports business growth.
- Technology-friendly: Comfortable with digital payments, automation, and modern accounting tools.
- Trustworthy: Demonstrates integrity, confidentiality, and accountability.
- Adaptable: Able to work independently and take ownership without requiring extensive supervision.
What We Offer
- An opportunity to join an exciting, purpose-driven startup at its inception.
- The chance to build and lead the accounting and finance function from the ground up.
- Direct exposure to the Founder and leadership team.
- A dynamic, entrepreneurial work environment.
- Significant professional growth opportunities as the company expands.
- An prospect to contribute to a business with a meaningful social impact.
CTC - 18-24 Lakhs per annum Our ideal candidate is someone who enjoys building, takes pride in financial discipline, and wants to grow alongside an ambitious new company.
📌 Accounts Head (Mumbai)
🏢 Common Thread
📍 Mumbai