Finance Associate

About the role

FalconX is seeking a dedicated Finance Associate to join our dynamic team in Bangalore, Karnataka, India. This position is integral to our financial operations, focusing on managing the procure-to-pay (P2P) cycle and ensuring accurate financial reporting. The ideal candidate will have a strong background in accounts payable and experience with ERP systems, specifically NetSuite or Oracle. As part of our commitment to fostering a collaborative and innovative work environment, you will work closely with various stakeholders to streamline processes and enhance operational efficiency.

Key facts

What you'll do

• Oversee the entire procure-to-pay (P2P) cycle, ensuring efficient handling of invoice processing, vendor management, purchase orders, and employee reimbursements.
• Manage the accounting of prepaid expenses, including the amortization of prepaid items, provisions, and accruals, to guarantee precise financial reporting.
• Conduct regular reconciliations of vendor and payables accounts, addressing any discrepancies that arise to maintain accurate financial records.
• Supervise inter-company transactions by monitoring balances, managing invoicing, settlements, and tax transfer pricing arrangements.
• Utilize ERP systems such as NetSuite and Oracle to facilitate Accounts Payable processes, encompassing invoice processing, purchase orders, and accruals management.
• Collaborate effectively with internal teams, controllers, and suppliers to resolve issues and ensure seamless operations across departments.
• Assist in external audit processes by providing necessary documentation and ensuring compliance with auditing standards and reporting requirements.
• Manage legal entity reporting by ensuring timely completion of jurisdiction-specific filings on a quarterly and annual basis.
• Consolidate expenses from various entities to produce comprehensive group expense reports on a monthly basis.
• Maintain a proactive approach in identifying areas for process improvement within the finance function to enhance overall efficiency.

Requirements

• A Bachelor's degree in Accounting is essential, along with 4 to 10 years of experience in the accounts payable function (P2P).
• Candidates must be a qualified Chartered Accountant, demonstrating a strong foundation in financial principles.
• Previous experience in either a corporate environment or a startup setting is highly desirable.
• A self-motivated individual with a strong initiative and the ability to work independently is crucial for success in this role.
• Extensive knowledge of Accounts Payable processes and ERP systems (NetSuite, Oracle) is required, covering areas such as invoice processing, vendor management, and accruals.
• Strong verbal and written communication skills are essential, particularly in relation to vendor payments and compliance.
• Proven ability to consolidate expenses across multiple entities, contributing to the preparation of group expense reports.
• A detail-oriented mindset with a commitment to accuracy and a thorough understanding of financial reporting standards is necessary.

Nice to have

• Familiarity with cryptocurrency markets and digital asset management can provide a competitive edge.
• Experience with financial audits and compliance regulations will be considered a plus.
• Knowledge of tax regulations related to inter-company transactions and transfer pricing is advantageous.
• Proficiency in advanced Excel functions and data analysis tools would enhance your candidacy.

Skills & tools

• Proficient in using ERP systems, particularly NetSuite and Oracle, for managing financial processes.
• Strong analytical skills to assess financial data and identify discrepancies or areas for improvement.
• Excellent organizational skills to manage multiple tasks and prioritize effectively in a fast-paced environment.
• Strong communication skills to interact with various stakeholders, including vendors and internal teams.
• Ability to work collaboratively within a team while also being self-directed and taking initiative.
• Familiarity with financial reporting standards and compliance requirements relevant to accounts payable.

Practical notes

• The position is based in Bangalore, Karnataka, India, and requires full-time engagement.
• Competitive salary will be offered, commensurate with experience and qualifications.
• FalconX is committed to creating a diverse and inclusive workplace, welcoming applicants from all backgrounds.
• Interested candidates should submit their applications, including a resume and cover letter, highlighting their relevant experience and qualifications.

FalconX is a trailblazer in providing institutional access to the crypto markets, working at the nexus of traditional finance and innovative technology. Our mission is to address the complexities of navigating the digital asset landscape by offering comprehensive solutions that empower our clients. As a Finance Associate, you will play a crucial role in ensuring our financial operations run smoothly and efficiently, contributing to our overall success in the rapidly evolving cryptocurrency space. Join us in revolutionizing the way institutional clients engage with digital assets and be part of a forward-thinking team that values collaboration, integrity, and excellence.