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Senior Finance Executive

DriveX Mobility Pvt Ltd
Posted 12 days ago, valid for 10 days
Location

Bengaluru, Bangalore Division, KA

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The Finance & Accounts Lead will oversee the full finance and accounting operations for a two-wheeler rental business.
  • Candidates should have 4 to 6 years of experience in accounts receivable or general accounting, preferably as a chartered accountant.
  • The role requires a Bachelor’s degree in Commerce, Accounting, or Finance, with knowledge of the automobile rental industry being advantageous.
  • Key responsibilities include managing the accounting lifecycle, ensuring compliance, and preparing financial reports such as P&L and Cash Flow statements.
  • The position offers a competitive salary, reflecting the critical nature of the role in driving profitability and financial health for the business.

Role Summary:

The Finance & Accounts Lead will be responsible for the completeend-to-end finance and accounting operations of a 2W rental business. The roleinvolves managing the entire accounting lifecycle, including revenueaccounting, receivables, payables, bank and escrow reconciliations, vehicleprocurement accounting, service and maintenance accounting, statutorycompliance support, MIS reporting, and end-to-end Profit & Loss (P&L)management.

The individual will work closely with Operations, Service, Procurement,Business, and Finance teams to ensure accurate financial reporting, stronginternal controls, and smooth day-to-day financial operations.

 

Why this role matters:

This role sits at the financial core of a high-velocity, asset-heavyrental business where margins are shaped daily by utilization, uptime, and costdiscipline. The Finance & Accounts Lead is not just closing books - theyare building the operating rhythm of the business by ensuring every vehicle,ride, and rupee is accurately tracked, controlled, and translated intoactionable insights. Strong ownership in this role directly impacts fleetprofitability, cash flow health, and scalability, making it critical tosustaining unit economics as the business grows.

 

Key Responsibilities:

  • Manage end-to-end accounting and finance operations for the rental business.
  • Account for rental revenue, customer billing, and revenue recognition.
  • Process vendor invoices and manage Accounts Payable.
  • Monitor customer collections and manage Accounts Receivable.
  • Record all financial transactions and maintain the General Ledger.
  • Perform daily bank, escrow, and payment gateway reconciliations.
  • Reconcile finance partner settlements, EMI payments, and collections.
  • Account for vehicle procurement, capitalization, and asset records.
  • Process service, maintenance, refurbishment, insurance, and operating expenses.
  • Prepare and review journal entries, accruals, and provisions.
  • Ensure timely month-end and year-end financial closing.
  • Prepare monthly P&L, Balance Sheet schedules, and Cash Flow reports.
  • Track vehicle-wise, branch-wise, and business profitability.
  • Prepare daily, weekly, and monthly MIS and management reports.
  • Ensure compliance with GST, TDS, accounting policies, and internal controls.
  • Coordinate with Operations, Service, Procurement, Treasury, and Business teams.
  • Support statutory audits, internal audits, and financial reporting.
  • Maintain complete documentation for all financial transactions.
  • Identify process improvement opportunities and strengthen financial controls.
  • Ensure ERP transactions are accurate, complete, and reconciled.


Requirements

Skills & Qualifications:

  • Bachelor’s degree in Commerce, Accounting, or Finance (B. Com / M. Com / MBA in Finance preferred).
  • 4 - 6 years of experience in accounts receivable or general accounting as a charted accountant
  • Knowledge in automobile and/or automotive rentals industry
  • Strong understanding of accounting principles, GST.
  • Good knowledge of accounting principles and MS Excel, Word, PowerPoint etc.
  • Experience with accounting software (e.g., Tally, ERP).
  • Strong ownership mindset with attention to detail and accuracy in a fast-paced environment
  • Ability to work cross-functionally with operations, procurement, and business teams
  • Problem-solving approach with a bias for identifying gaps and improving processes
  • Comfort with ambiguity and setting up processes from scratch in a new business
  • Good communication skills to translate financial data into clear business insights
  • High integrity and discipline in handling financial data and controls
  • Strong time management skills





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