Finance Executive

About Cult - Curefit Healthcare Pvt Ltd, founded in 2016, is Indias largest fitness company and wellness platform. Cult, from the house of Curefit, was established with a mission to make fitness easy, fun and accessible to everyone, and has emerged as a community celebrating the joy of fitness. The brand today offers a range of fitness services ranging from group workouts, gyms and personalized fitness solutions, as well as an expansive selection of quality fitness products for the everyday athlete. The companys vision is to empower everyone towards an active and healthier lifestyle through innovative fitness solutions, enabled by technology.

Role : Finance Executive

Location : Bengaluru

Experience : 5+ years

About the Role: A Purchases and Inventory Accounting executive oversees the end-to-end procurement process, manages cost accounting to ensure financial accuracy. They negotiate with vendors, reconcile inventory discrepancies, and analyse , typically requiring a degree in accounting/finance and experience in ERP systems.

Core Responsibilities

• Inventory Control & Accounting: Maintain accurate inventory records (raw materials, WIP, finished goods) and reconcile inventory accounts, including investigating variances.
• Purchasing & Supplier Management: Manage procurement of goods and services, negotiate contracts for favourable terms, and maintain vendor relationships.
• Financial Reporting & Analysis: Prepare monthly/annual inventory reports, analyse COGS (Cost of Goods Sold), and manage inventory valuation.
• Month-End Close: Lead inventory closing activities, including preparing journal entries and reconciliations.
• Process Improvement: Implement operational policies and leverage ERP systems (e.g., NetSuite, Oracle) to streamline purchasing and inventory tracking.
• Stock Optimization: Monitor stock levels to prevent shortages, reduce obsolete inventory, and optimize inventory turnover.

Required Skills and Qualifications:

• Education: Bachelors degree in Accounting, Finance, or Business Administration
• Experience: 5+ years in inventory accounting, cost accounting, or purchasing, often within manufacturing environments
• Technical Skills: Proficiency in ERP systems (e.g., Oracle, NetSuite, SAP) and advanced MS Excel skills.
• Competencies: Strong analytical abilities, attention to detail and good negotiation skills.