Soma Capital Portfolio Jobs

Finance Analyst



IT, Accounting & Finance
Posted on Friday, February 25, 2022

About WareIQ 

We are making India’s e-commerce businesses successful by giving them the power of Amazon prime like logistics. Modern eCommerce consumers want same & next-day delivery. But the infrastructure in India can’t keep up. 80% of eCommerce parcels outside Amazon reach customers in 5-10 days.

  • India’s eCommerce demand is highly fragmented, yet 90% of brands ship from a central warehouse 
  • If platforms & brands don’t offer prime-like shipping timelines, customers don’t buy 
  • High fixed investments, rigid contracts & tech complexity makes prime-like fulfillment infrastructure inaccessible to online brands 

Enter WareIQ. WareIQ allows eCommerce companies to compete with Amazon service levels by bringing their average timelines from 5-10 days to next-day. 

  • We’re a software-only platform that connects a nationwide network of fulfillment centers and last-mile couriers centralizing all tools in a single platform 
  • Ownership of logistics SLAs by WareIQ fulfillment experts 
  • Micro-fulfillment model billed on usage with no minimums 
  • Onboarding in 7 days vs 3-6 months 

WareIQ is backed by leading global investors including Y Combinator, Funders Club, Flexport, Pioneer Fund, Soma Capital and Emles Venture Partner 

About the Role 

Having found exceptional product/market fit, we’re in the midst of transitioning from ‘start-up’ to ‘scale-up’ and looking for a transformational finance analyst to capitalize on the huge demand for our offering.

We are looking for a Finance Analyst to join our finance team to strategically analyse the P&L of our various fulfillment centers. 

Job Responsibilities

  • Translate data (from multiple sources and datasets) into information by analysis and give constructive recommendations for improvements based on performance.
  • Work closely with operations teams for data validation and operational metrics reporting
  • Interactively manage and enhance a suite of analysis templates as well as generate new templates upon demand and business needs
  • Provide support in external audit requirements.
  • Provide support on ad-hoc projects upon request,
  • Provide oversight and recommendations for process, system and control improvements, automation, consistency and standardization.

Ideal Candidate

  • 2+ years of proven experience as a Finance Analyst 
  • The person must also be driven to continuously identify and implement improvements to processes, analytics and metrics.
  • Working knowledge of GAAP (including accruals, account reconciliations, and capitalization versus operating expenses)