Finance Manager – Navexel (Subsidiary of Agraga)
**Location:** C.B.D. Belapur, Navi Mumbai
**Reporting to:** Group CFO – Agraga (Parent Company)
About the Role
Navexel, a wholly owned subsidiary of Agraga, is seeking a Finance Manager to independently manage its finance operations. This role is critical in ensuring financial discipline at the subsidiary level while staying closely aligned with the parent company's centralized finance policies. Strategic functions such as finance control, taxation, and fundraising will remain with Agraga, while the Finance Manager will oversee day-to-day finance operations, MIS reporting, and compliance execution for Navexel.
Key Responsibilities
Finance Operations & Execution
- Oversee Accounts Payable: vendor onboarding, invoice booking, and timely vendor payments.
- Manage Accounts Receivable: invoicing, collections follow-up, reconciliation, and credit control enforcement.
- Ensure ERP hygiene: accurate job costing, revenue recognition, and reconciliations.
- Prepare weekly cash flow forecasts and monitor liquidity for the subsidiary.
MIS & Reporting
- Deliver monthly MIS reports on revenue, gross profit, AR ageing, vendor outstandings, and cash position.
- Track budget vs. actuals and highlight variances with recommendations.
- Provide actionable financial insights to subsidiary leadership and the central finance team.
Compliance & Audit Support
- Ensure Navexel's statutory compliance (GST, TDS, local regulatory filings, Shops & Establishment, etc.) in coordination with Agraga's central finance/tax team.
- Support statutory and internal audits with schedules, reconciliations, and documentation.
- Maintain audit-ready subsidiary-level financial records.
Intercompany & Controls
- Record and reconcile intercompany transactions between Navexel and Agraga.
- Enforce strong internal controls: PO/GRN/Invoice 3-way match, expense policy adherence, and vendor due diligence.
- Act as the finance SPOC for Navexel, ensuring alignment with group policies.
Business Partnership
- Partner with subsidiary leadership on commercial decisions (pricing, credit terms, cost efficiency).
- Provide timely financial insights for operational decisions.
- Build and supervise a small local accounts team if required.
Qualifications & Skills
- Chartered Accountant (CA) or MBA in Finance with 5–8 years of relevant experience.
- Strong hands-on expertise in AP, AR, MIS, reconciliations, and finance operations.
- Solid knowledge of accounting standards and compliance requirements.
- Experience in high-growth, operations-driven industries (logistics/tech/startup preferred).
- Proficiency in ERP/finance systems and advanced Excel.
- Analytical mindset with strong communication skills.
- Self-driven and capable of operating independently at the subsidiary while collaborating with central leadership.
What We Offer
- Direct reporting to the Group CFO of Agraga, with high visibility at both group and subsidiary levels.
- Opportunity to build and scale the finance function of a fast-growing subsidiary.
- Exposure to dynamic operations in logistics and supply chain, with career growth opportunities in a fast-scaling organization.
Interested candidate can share your resume on
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Job Types: Full-time, Permanent
Pay: ₹300, ₹500,000.00 per year
Benefits:
- Health insurance
- Paid sick time
- Provident Fund
Work Location: In person