ShadowFax - Associate Director - Finance - CA

About Shadowfax:

Shadowfax is India's leading on-demand tech-backed gig marketplace that helps businesses outsource last-mile activities. Shadowfax employs tech-enabled solutions like ML and AI to offer supply that keeps pace with demand in the fast-growing and highly fragmented hyperlocal distribution ecosystem and ensures a wonderful end-user experience.

The Shadowfax app has over two million downloads and is designed as an immersive platform for delivery and is a single app that works across multiple platforms. The app is used as a channel for guaranteed earnings across multiple E-com and Hyperlocal platforms. Shadowfax has been consistently widening its area of operations by expanding in E-commerce and Hyperlocal segments and getting into new growth areas like grocery distribution.

Shadowfax has extremely friendly people and partnership policies that are designed to be highly empathetic and are always looking for ways to make the riders lives better and transform the appeal of delivery and other blue-collar jobs as an attractive career option. Working with the Shadowfax platform ensures strong earning potential along with a high degree of flexibility and freedom along with financial support services like loans, and insurance.

In October 2021, Shadowfax launched India's first delivery SuperApp to accelerate the growth of delivery partners by empowering them to access multiple opportunities via a single platform.

Shadowfax is India's largest on-demand tech-enabled instant third-party logistics (3PL) platform. It is the only Indian B2C last-mile delivery platform disrupting logistics with services in multiple categories, including food, groceries, quick commerce, multi-city e-commerce fulfillment, and reverse logistics under a single umbrella. On the back of a fast-growing base of 120,000+ monthly transacting delivery partners, Shadowfax serves over 170+ enterprise clients across 900+ cities, delivering over 10 Lakh + orders every day. Shadowfax was founded by IIT -

Delhi Alumni, Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra and Gaurav Jaithliya in 2015.

Our clients are present across sectors like e-commerce, food, grocery, FMCG, electronics, consumer durables, pharma, apparel, auto, BFSI and Insurance etc.

We foster a culture that values first principle thinking and problem solving, encourages constructive feedback, engagement, inclusion and diversity at all levels. Our core values define our identity and form the basis of our actions and reflect in everything that we do at Shadowfax

You are:

As the senior member in the finance team, you will play a critical role in overseeing and managing the finance function within the organization. Your primary responsibility will be to ensure the accuracy and integrity of financial information, drive financial strategy and decision-making, and support the achievement of business goals and objectives. You will lead a team of finance professionals and collaborate closely with senior management, auditors, and external stakeholders

1. Financial Reporting and Compliance: Ensure timely and accurate preparation of financial reports, including monthly, quarterly, and annual financial statements. Comply with regulatory reporting requirements and provide financial information to internal and external stakeholders

2. Revenue to Receivable Management: Oversee revenue recognition processes and ensure compliance with accounting standards. Monitor accounts receivable and implement effective credit and collection strategies to optimize cash flow and minimize bad debt risks.

3. Collections: Develop and implement collections strategies to improve cash flow and reduce outstanding receivables. Collaborate with sales and customer service teams to resolve customer payment issues and ensure timely collection of outstanding amounts

4. Audit and Compliance: Coordinate and manage the annual/Quarterly financial audit process, ensuring compliance with relevant accounting standards and regulations. Prepare financial statements, supporting schedules, and documentation for auditors. Implement recommendations and ensure timely completion of audit requirements.

5. Cash on Delivery (COD) Management: Oversee and manage the cash on delivery process, ensuring accurate recording and reconciliation of COD transactions. Implement controls to minimize fraud risks and optimize cash handling procedures.

6. Strategic Initiatives: Provide financial insights and analysis to support strategic initiatives and business growth opportunities. Collaborate with cross-functional teams to evaluate potential investments, acquisitions, and expansion plans, assessing their financial viability and risks.

7. Fundraising and Capital Management: Collaborate with senior management and cross functional teams to execute fundraisers in the nature of debt /equity. Including managing DD processes and involvement in related documentation / Audit/ Compliance requirements.

8. Financial Systems and Process Improvement: Evaluate and optimize financial systems, processes, and controls to enhance efficiency, accuracy, and scalability. Implement best practices in financial operations, ensuring compliance with internal policies and procedures.

9. Team Leadership and Development: Lead and mentor the finance team, providing guidance, coaching, and professional development opportunities. Foster a high-performance culture, promoting collaboration, accountability, and continuous improvement within the finance function.

You Will:

- Chartered Accountant (CA) qualification with maximum of 3 attempts in CA final.

- Extensive experience in financial management, accounting, and control functions, preferably in a similar industry.

- Strong knowledge of revenue recognition, collections, and audit processes.

- Sound understanding of financial systems, processes, and controls, with the ability to drive process improvements and automation

- Familiarity with regulatory requirements and accounting standards (e.g., GAAP, IFRS).

- Excellent analytical, problem-solving, and decision-making skills.

- Strong leadership abilities with the ability to effectively manage and develop a finance team.

- Exceptional communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholders

- Ability to thrive in a fast-paced and dynamic environment, managing multiple priorities and meeting tight deadlines.