Company Description Karofi Global is one of the largest ODM/OEM water purifier manufacturers in Southeast Asia, headquartered in Vietnam and exporting to more than 50 countries, including Canada, the United States, Mexico, the Middle East, and the European Union. The company produces over 2 million water purifiers and more than 30 million filter cores annually, serving a wide range of international partners. Its main factory in Hung Yen province in northern Vietnam covers more than 36,000 m² and includes dedicated R&D;, technical support, and customer service centers.

Modern production lines and strict quality standards are applied across inbound, in-process, and outbound operations, supporting Karofi Global’s commitment to reliability and innovation. This setting offers finance professionals exposure to high-volume manufacturing, global trade, and complex financial operations.

Role Description

1. Role Objective

Responsible for the overall financial health of Karotec Living India Pvt. Ltd. during its 5-year market penetration strategy (2026-2030). Key focus areas include managing and reporting the initial FDI capital, establishing internal controls, budgeting for marketing/distribution channels, and ensuring strict compliance with RBI regulations, FEMA laws, and local corporate laws.

2. Key Responsibilities

A. FDI Management & Legal Compliance

- Regulatory Compliance: Ensure strict adherence to Reserve Bank of India (RBI) reporting guidelines, Foreign Exchange Management Act (FEMA), and complete share issuance procedures on time.

B. Risk Management & Tax Optimization

- Tax & Transfer Pricing: Optimize corporate tax structure and withholding taxes, and manage Transfer Pricing risks between Vietnam and India entities.

C. Operational Cost & Ecosystem Control

- Vendor Audits: Approve and control major expenses,



especially fixed and variable costs from strategic partners like Team IGL's 3PL warehousing in Bhiwandi (monitoring the 280-pallet minimum guarantee and ad-hoc costs).
- Ecosystem Revenue: Develop management accounting models to track revenue streams and profitability from the post-sales 'Ecosystem', including Annual Maintenance Contracts (AMC) and periodic filter replacements.

D. Tax Accounting & Statutory Compliance (future shift to Accountant Specialist)

- GST Filing: Accurately calculate, declare, and remit indirect Goods and Services Tax (GST) monthly, including timely GSTR-1 and GSTR-3B filings.
- TDS Management: Deduct and declare Tax Deducted at Source (TDS) for payments to suppliers, dealers, and after-sales technicians according to Indian tax brackets.
- Refund Processing: Coordinate the processing of GST refund procedures for imported goods from the Vietnam factory (if applicable)

E. Accounts Payable & 3PL Auditing (future shift to Accountant Specialist)

- Invoice Verification: Receive and verify the validity of invoices from turnkey service partners like Team IGL (Bhiwandi Warehouse).
- Service Payments: Control payment schedules for installation and after-sales repair service partners based on Service Level Agreement (SLA) operational metrics

F. Accounts Receivable & Debt Control (future shift to Accountant Specialist)

- GT Wholesaler & LFR Revenue: Track and accurately record wholesale revenues from Super Stuckists, Distributors,



and cash flows from LFR chains.
- Ecosystem Revenue: Monitor cash flows and record industry-specific revenues, including retail sales of replacement parts/filters and Annual Maintenance Contract (AMC) packages.
- Aging Reports: Prepare periodic Aging Reports, issue warnings for overdue accounts from distributors in Maharashtra, and propose debt recovery measures

H. Bookkeeping & Inventory Accounting (future shift to Accountant Specialist)

- System Entry: Record all business transactions into the company's accounting software (Tally/Odoo).
- Inventory Reconciliation: Collaborate with Logistics personnel to periodically reconcile inventory data between Karofi's software and the 3PL Bhiwandi warehouse WMS to ensure zero discrepancies or shrinkage

Qualifications

- Education: Bachelor's degree or higher in Finance or Accounting. Candidates with professional certifications like Chartered Accountant (CA India), CPA, CMA, or CFA are highly preferred.
- Experience: 3 - 6 years of experience in Finance/Accounting in MNCs within the Consumer Electronics, Home Appliances, or FMCG sectors in India.
- Knowledge: In-depth understanding of the Indian Companies Act 2013, direct/indirect tax laws, and RBI/FEMA regulations regarding FDI.
- Skills: Excellent analytical and strategic thinking skills; proficiency in major ERP systems (SAP, Oracle); strong leadership and team management capabilities.

Compensation & Benefits

- Salary: Competitive base salary matching the financial talent market in Mumbai/Delhi NCR.
- Statutory Contributions: Mandatory government contributions compliant with Indian labor laws (Provident Fund - PF, ESIC).
- Allowances & Insurance: Personal health insurance and travel/site-visit allowances for warehouse inspections in Bhiwandi.

📌 Senior Finance Executive (Mumbai)
🏢 Karofi Global
📍 Mumbai