Manufacturing & Production
24 Sept
Finance Controller (Biofuel ECOM/Marketplace Business)
Finance Controller (Biofuel ECOM/Marketplace Business)
About Us
BiofuelCircle, incorporated in 2020 and headquartered in Pune, is building a tech-enabled bioenergy supply chain for biomass, biofuels, and other bio-based products. The company’s platform connects farmers, rural partners, and industrial consumers, combining digital enablement with physical infrastructure to make biomass supply more dependable and usable at scale.
BiofuelCircle is working to solve the inefficiencies in India’s fragmented biomass market, where large volumes of agricultural residue remain underutilized each year. Its model brings together Biomass Banks, storage, logistics, processing, data-led forecasting, and a B2B marketplace to support reliable biomass movement and industrial use.
Today, the company operates across 10 Indian states, with 75+ Biomass Banks, 160,000+ farmers, 3,000+ rural partners, 2,000+ business subscribers, and more than 1 million metric tonnes of biomass management infrastructure. BiofuelCircle is also working toward a network of 1,000+ Biomass Banks, 300 distributed processing plants, and 20 million tonnes per year of biomass flow.
Led by a founder team with experience across energy, agriculture, technology, banking, and manufacturing, BiofuelCircle is building the operating backbone for India’s biomass supply chain.
Role Profile
FUNCTION: Finance & Accounting
LOCATION: Pune
EXPERIENCE: 10 to 12 years – PQE – post CA qualification experience
EDUCATIONAL BACKGROUND: CA MANDATORY; any additional qualification is an added advantage
Role & Responsibilities
Key Purpose of the Role
End to end controllership of the finance and accounting function of the Biomass/Biofuel B2B Marketplace within the BFC group.
Ensure accuracy and timeliness of financial reporting for accurate, timely, and faster decision-making within the finance function and overall organization.
Assist the senior leadership team in strategic decision-making across all aspects of the business.
Key Tasks Involved
Revenue Recognition & Marketplace Accounting
Principal vs. Agent determination — does the marketplace record full transaction value (GMV) as revenue with cost of goods, or only the net commission/margin as revenue (Ind AS 115 / ASC 606)?
Subscription revenue recognition — deferred revenue schedules, recognizing SaaS/access fees over the subscription period, handling upgrades/downgrades/cancellations and refund policies.
Transaction fee/commission revenue — accurate recognition tied to matching/delivery completion, not just order placement.
Clear unbundling of revenue streams in the P&L: subscription revenue, transaction/commission revenue, and delivery/logistics revenue.
Platform Unit Economics & MIS
GMV (Gross Merchandise Value) tracking by supplier category, buyer category, and region.
Take rate analysis — commission/subscription revenue as a % of GMV.
Contribution margin per transaction — after payment gateway fees, delivery cost, and platform support cost.
Customer unit economics — CAC vs. LTV for subscription customers, churn tracking.
Cohort-based MIS: repeat transaction rate, supplier/buyer retention, subscription renewal rates.
Receivables, Payables & Intermediary Cash Flow Management
Managing the payment flow structure — whether the marketplace collects from buyer and pays supplier or facilitates direct payment.
Buyer-side credit risk management — credit limits, aging analysis, provisioning for doubtful receivables.
Supplier payment cycle management — ensuring suppliers are paid per agreed SLA.
Reconciliation between order value, payment gateway settlement, and supplier payout.
Regulatory & Tax Compliance Specific to Marketplace/E-commerce Operations
Financial due diligence inputs into supplier/buyer onboarding — bank account verification, GST registration checks.
Controls to prevent fake supplier/buyer accounts.
Monitoring for collusion risk.
Dispute and refund handling — clear financial workflows for order cancellations, quality disputes, and delivery failures.
Delivery & Fulfillment Cost Accounting
Tracking third-party logistics/transporter costs against each order.
Delivery SLA-linked penalty/refund accounting.
Working with operations to build a per-tonne/per-order delivered cost benchmark.
Budgeting, Forecasting & Investor/Board Reporting
Building the marketplace-specific financial model — GMV growth assumptions, take rate evolution, subscription attach rate.
Board and investor MIS with SaaS/marketplace metrics.
Scenario planning — impact of take-rate changes, subscription pricing changes.
Statutory Audit, Internal Audit & Governance
Ensuring auditors are comfortable with the principal-vs-agent revenue treatment.
Internal audit of the payment reconciliation process.
Related-party transaction monitoring.
Systems & Technology Finance Interface
Working closely with the tech/product team to ensure the platform's order and billing engine feeds clean data into the accounting system.
Automating subscription billing, dunning, and revenue recognition schedules.
Opportunity
To become the CFO of the company in the future and be instrumental in creating the largest B2B Marketplace in the Indian Energy sector.
Report To
Chief Financial Officer and Founder
Ideal Candidate Profile
General Background
10 to 12 years of post-qualification experience (after completion of CA degree) is a MUST.
Exposure and handled audit processes carried out by big 6 firms.
Exposure to various ERPs and implementation of the same will be a HUGE PLUS.
AI certification, if any, makes him/her a PRIME CANDIDATE.
Technical Competency
Domain Knowledge in Administration — prior experience in agri-commodity, bulk material, or cash-intensive procurement businesses.
Exposure to multi-location/multi-yard or plant-level finance.
Familiarity with seasonal business cycles and the working capital stress that comes with harvest-linked procurement.
Presentation/Communication Skills
Ability to make presentations to leadership teams and if needed to board members.