Financial Controller

Job description

Our Story So Far

Twelve years back, Lenskart was started by a 26-year old entrepreneur - because he wanted to solve the problem of preventive blindness. We had humble beginnings - we spread awareness about eyecare, we took orders for eyeglasses online and shipped them to customers from a warehouse that was the size of a modern-day conference room.

As of today, little by little, Lenskart has served 40 Million people across the globe - helping them see better and lead better quality lives. Simultaneously, we’ve also built ourselves up to be Asia’s largest eyewear company. We have 10,000+ Lenskartians worldwide, more than 1500 omnichannel stores across 175 cities in India, Singapore and Dubai and we are shipping a pair of eyewear every 2.5 seconds, from the world’s most automated eyewear factory!

In 2022, Lenskart partnered with Owndays and took a majority stake in the Japanese-owned eyewear player that has a deep presence in Asia. With this partnership, we have added an additional 400 stores and extended our reach to 13 countries . We’ve come a long way but we’re not there yet. “Good is not good enough,” you’ll hear Lenskartians say that often.

Our aim is to serve One Billion eyes by 2025 globally. And in this journey, we want to go beyond vision correction to transform the way people see and experience the world. That’s our new purpose - and we can only get there through cutting-edge technology and exceptional people.

To realize this vision in the next 3 years, Lenskart’s strategic focus areas are technology, supply chain & manufacturing, talent density and consumer experience. We will also heavily focus our efforts on international expansion, M&A, and taking a bet on entrepreneurial talent. Lenskart aims to be the best global company born out of India - a successful and sustainable organization that continues to serve its purpose in the years to come.

About the role

Lenskart is looking for a Financial Controller who will lead the Controlling team. The team focuses on consolidating financial data reported by all our local organizations and making sure the information is compliant with IFRS and internal accounting standards, supporting and advising the local teams as needed. As the leader you will also delve further into the figures and be the first point of contact for all finance-related matters in the regions.

This role will be based in Gurgaon, India and reporting to the Global CFO.

Key responsibilities

  • Leading financial operations, compliance with multi - region statutory filings, accurate and timely consolidation of month-end results, distribution of monthly financial statements and pro-actively analyse deviations between actuals and plan/forecast

  • Manage and optimise Lenskart group reserves and “free-cash” and access to appropriate facilities

  • Manage relationships with external bankers and investment managers

  • Prepare group financial reports for Board and Executive Team

  • Manage the audit process for the group statutory audit, including planning, data preparation and working with the external auditors.

  • Other duties include designing and implementing improvements in financial processes to meet the Groups continuous improvement initiatives such as the integration of new companies after acquisitions or the development and implementation of a new ERP, together with accounting systems, methods, and controls and maintaining appropriate relationships with external auditors and tax advisers.

  • Manage Finance operational performance / objectives focused on, Strategic, F&A (Finance and Accounting), P2P (Procure to Pay), R2R (Record to Report), FP&A, Tax and Treasury.

  • Works with and influence other groups and functional areas in defining policy, procedures, or systems. Synthesize recommendations and programs from functional knowledge and available data

  • Set up and oversee the Support Office (SO) finance team including management accounting and the shared services functions with the business including Purchase Ledger, Expenses and Payroll teams

  • Set up & oversee global intercompany accounts and processes

  • Provide ad hoc tax support or seek externally as required

  • Set up & oversee Lenskart finance policies & procedures

  • Drive continuous process improvement in the SO and the country programmes

  • Perform analysis and follow up on key metrics, assessing whether the performance of the various local organizations is in line with the strategy and objectives of the organization and you challenge the figures.

  • Review the budgets and actuals on a monthly basis, monitor the progress, and prepare clear presentations for management to support decision making.

  • Regular contact with the local Business Controllers and with the Area Finance Managers to understand the processes, and spot standardizations and improvement opportunities.

  • You are also willing to participate in various projects and combine financial work with ad hoc initiatives.

  • People Management:
    • Build the team, set performance expectations, evaluate performance and guide the team to meet and exceed performance expectations

    • Motivating and developing a team to nurture talent and grow internal progression

    • Mentor and coach the team for sustained development

    • Build a high performance culture

Job requirements

You are someone who has/is

  • A CA/MBA with 10+ years of prior experience in Financial reporting function, understanding of Global financial accounting rules (Singapore, U.S., UAE, India, Japan, Indonesia) and consolidation under IFRS

  • Significant experience in running Global AP and Treasury functions, understanding of different cultures and how it impacts the business

  • Experience in foreign currency environment and its accounting

  • Experience in managing an extensive accounting and control operation for a globally dispersed company

  • Experience in writing and finalizing all areas of reporting

  • Experience in analyzing financial data and preparing financial reports, statements and projections

  • People leadership experience and building / leading high performing teams