Assistant Manager -Global AP & Financial Accounting

Bengaluru (India)·Posted 2mo ago

cryptoblockchainweb3fintech

About Us OpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. We are building the infrastructure that will power the next generation of cross-border payment systems for institutions. The team's execution has been exceptional, and we're scaling at a remarkable pace. Our stellar early team comes with experience in companies like J.P. Morgan, Goldman Sachs, FalconX, Paypal, Affirm, Polygon, Kraken, Nium & others. We’re backed by Accel, Lightspeed, NfX and other top-tier investors. Role Overview The Assistant Manager – Global AP & Financial Accounting (India) will own the end-to-end accounts payable function across all of OpenFX's group entities, while maintaining accurate books for the India entity. This is a hands-on role responsible for running a high-volume, multi-entity, multi-currency AP cycle, keeping vendor payments accurate and on time, and ensuring the financial records are clean and audit-ready. Based in Bangalore and reporting to the Finance Lead, India, this individual will partner closely with the global finance team and local consultants across jurisdictions to ensure alignment with group-level controls, reporting standards, and payment timelines. Key Responsibilities: Global Accounts Payable <ul class="ul1"> <li class="li2">Own the end-to-end accounts payable cycle across all group entities: receive, verify, code, and process vendor invoices and expense claims accurately and on time.</li> <li class="li2">Manage AP in multiple currencies and across jurisdictions, ensuring correct entity attribution, FX treatment, and adherence to local payment norms.</li> <li class="li2">Match invoices to purchase orders and approvals, resolve discrepancies, and ensure appropriate authorisation before payment under the group approval matrix.</li> <li class="li2">Prepare and execute domestic and cross-border vendor payment runs across multiple banking platforms, ensuring correct beneficiary details, amounts, and timing.</li> <li class="li2">Maintain global vendor master data and manage vendor relationships, queries, and statement reconciliations.</li> <li class="li2">Ensure correct application of GST, TDS, withholding taxes, and other statutory deductions across entities, in coordination with tax consultants.</li> <li class="li2">Monitor the global AP ageing and cash requirements, and support treasury with payment forecasting.</li> </ul> India Accounting & Month Close <ul class="ul1"> <li class="li2">Maintain the general ledger for the India entity and ensure all transactions are recorded accurately and in the correct period.</li> <li class="li2">Maintain the fixed asset register (additions, disposals, capitalisation, etc.).</li> <li class="li2">Perform monthly bank, credit card, and balance-sheet reconciliations, investigating and clearing reconciling items.</li> <li class="li2">Post journal entries including accruals, prepayments, and reclassifications as part of month-end close.</li> <li class="li2">Support timely month-end and year-end close in line with group timelines, including intercompany reconciliations.</li> <li class="li2">Assist in preparing management reports, schedules, and supporting documentation.</li> </ul> Compliance & Controls <ul class="ul1"> <li class="li2">Support statutory audits, tax filings, and regulatory requirements by preparing schedules and providing documentation.</li> <li class="li2">Coordinate with external accountants, payroll providers, and auditors for the India entity.</li> <li class="li2" style="text-align: left;">Maintain organised, audit-ready records and help strengthen internal controls and process documentation across the AP function.</li> </ul> What we are looking for Must-haves: <ul class="ul1"> <li class="li2">Bachelor's degree in Commerce, Accounting, or Finance.</li> <li class="li2">4+ years of hands-on experience in accounts payable and bookkeeping, including managing AP across multiple entities and currencies for a fast-paced startup or large corporation with international operations.</li> <li class="li2">Experience processing cross-border payments and working across multiple banking platforms such as Brex, Ramp, etc.</li> <li class="li2">Strong working knowledge of Indian statutory compliance (GST, TDS).</li> <li class="li2">Solid understanding of double-entry bookkeeping, reconciliations, and month-end close.</li> <li class="li2">Proficiency with accounting software (e.g. NetSuite, QuickBooks, Zoho Books, or Tally) and strong Excel / Google Sheets skills.</li> <li class="li2">Meticulous attention to detail, strong organisation, and the ability to manage deadlines across multiple entities.</li> <li class="li2">Clear written and verbal communication in English, comfortable working with a distributed global team.</li> <li class="li2">Based in Bangalore (in-office required).</li> </ul> What helps you stand out: <ul class="ul1"> <li class="li2">CA Inter / CMA / MBA (Finance) or a full professional qualification.</li> <li class="li2">Familiarity with international AP and withholding tax concepts.</li> <li class="li2">Fintech, payments, or financial services industry experience.</li> </ul> What We Offer <ul> <li>Competitive salary and benefits package.</li> <li>Equity in a rapidly growing company.</li> <li>Opportunity to work in a fast-paced startup at the forefront of fintech innovation.</li> <li>Opportunity to make a significant impact on global financial infrastructure</li> <li>Collaborative work culture with emphasis on personal and professional growth.</li> </ul> We are committed to building a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

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