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Open nowPosted 7 days ago

Head – Accounts & Finance (VP Finance)

MIKO28 open roles

Where
Mumbai
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Your applicationOpen nowHead – Accounts & Finance (VP Finance)MIKO · Mumbai

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The clock on this job

Early applications get read.

13.4% of postings close within 7 days. Measured by our own scanner across the market. MIKO postings stay open a median of 14 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.6%3 days
  3. 13.4%7 days
  4. 21.6%14 days
  5. 36.2%30 days
  6. 59.0%60 days
This job: posted 7 days ago

MIKO median: 14 days open

The posting

Job Description: Head - Accounts & Finance

Role: Head – Accounts & Finance (VP Finance)

Reports to: Co-founder and CEO

Location: Mumbai

Experience: 15+ years, CA

About Inner Sky Labs and Miko

Miko and Inner Sky Labs operate side by side as one group. Miko makes AI companion robots for children, with over 700,000 units sold. It sells through retail, marketplaces and D2C channels in the US, India, the UK and the Middle East, backed by subscription content. Inner Sky Labs builds physical AI foundation models: Drishti, Shruti and Sparsh for perception, Kriya, Karma and Prana for action, and Kavach for safety. It sells these as licensed AI products to enterprises and governments, with annual maintenance contracts. The group operates through RN Chidakashi Technologies in India and subsidiaries in the US and UK.

The role

Lead finance for a consumer hardware business that operates in several countries, while setting up finance and accounting for the AI business. The role needs someone who knows hardware and B2C economics inside out and can run finance and compliance across India, the US, the UK and other markets. It is hands-on, from the weekly payment run to dealing with banks, investors, auditors and tax authorities.

Key responsibilities

Hardware and B2C finance (in partnership with supply chain and logistics)

  • Maintain product costing and margin analysis, covering COGS, landed cost and gross margin by SKU, channel and market, built on data from the supply chain and logistics teams.
  • Process and approve payments to contract manufacturers and suppliers under agreed terms, and line up cash with supply chain's purchase and production plans.
  • Account for inventory: valuation, ageing provisions and write-offs, and reconciling book stock against supply chain and warehouse records, including periodic count audits.
  • Build P&L by channel for retail, marketplaces and D2C, accounting for trade terms, co-op marketing, returns, chargebacks and retailer deductions.
  • Track marketing spend, customer acquisition cost and subscription revenue and renewals for the consumer business.

Multi-country operations and compliance

  • Run finance for the entities in India, the US and the UK, and any new markets. Keep them on one close calendar, chart of accounts and reporting standard.
  • Manage indirect taxes in every country: GST in India, US state sales tax and nexus, UK VAT, and marketplace tax collection.
  • Support the logistics team on customs: fund duty payments, account for refunds and drawback, assess the financial impact of disputes, and keep banks, lenders and auditors informed.
  • Ensure FEMA/RBI compliance for imports, exports, overseas investment and remittances, and keep transfer pricing documentation in place for intercompany sales, services and IP.
  • Handle Companies Act and ROC filings, US federal and state filings, UK Companies House and HMRC, and the advisors in each country.

AI product licensing (Inner Sky Labs)

  • Set pricing and commercial models for perpetual or term licences, annual maintenance (AMC) and implementation fees.
  • Review licence agreements for payment terms, IP ownership, liability, indemnity and tax clauses, working with legal.
  • Account for licence, maintenance and services revenue correctly (Ind AS 115 / ASC 606), and set up invoicing, renewals and collections.
  • Plan withholding tax, treaty benefits and permanent-establishment risk for licence income from customers abroad.

FP&A and reporting

  • Lead the annual budget, rolling forecasts and the group financial model across hardware and AI licensing.
  • Deliver monthly MIS, consolidated management accounts and Board and investor reporting.
  • Provide analysis for pricing, product launches, market entry and make-versus-buy decisions.

Treasury, working capital and funding

  • Own the weekly cash flow and the rolling 13-week cash forecast, and run the weekly payment cycle with approvals in INR and foreign currencies.
  • Manage banking relationships, foreign currency accounts, FX exposure and hedging.
  • Arrange working-capital, inventory, receivables and trade finance, and handle the commercial and legal terms of those facilities.
  • Support equity and debt fundraising, investor diligence and M&A.

Accounting, audit, controls and team

  • Own month-end and year-end close, consolidation, intercompany accounting and reconciliations.
  • Lead statutory, tax and internal audits in all countries and close them on time.
  • Build internal controls, approval limits, maker-checker processes and a risk framework.
  • Oversee payroll and corporate insurance (product liability, stock, transit and warehouse cover).
  • Lead and grow the accounts team, manage outsourced providers, and automate processes through ERP and other tools.

Requirements

  • Chartered Accountant (mandatory); CPA or CMA a plus.
  • 15+ years after qualifying, including 5+ years leading finance.
  • Must have: Finance leadership in a consumer hardware, electronics or B2C product business, covering inventory, contract manufacturing, and retail and e-commerce channels.
  • Must have: Has run finance across countries, with a working command of tax, customs and regulatory law in India and the US/UK (GST, sales tax, VAT, FEMA, transfer pricing).
  • Experience with technology licensing revenue and annual maintenance contracts.
  • Good to have: subscription revenue, AI or deep-tech companies, and fundraising at a venture-backed company.

How to apply

Send your CV, current and expected CTC and notice period to [[email protected]], with the subject "Head – Accounts & Finance". Miko is an equal opportunity employer.

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