Assistant Manager -Global AP & Financial Accounting

Job description

**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** - 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. - Manage AP in multiple currencies and across jurisdictions, ensuring correct entity attribution, FX treatment, and adherence to local payment norms. - Match invoices to purchase orders and approvals, resolve discrepancies, and ensure appropriate authorisation before payment under the group approval matrix. - Prepare and execute domestic and cross-border vendor payment runs across multiple banking platforms, ensuring correct beneficiary details, amounts, and timing. - Maintain global vendor master data and manage vendor relationships, queries, and statement reconciliations. - Ensure correct application of GST, TDS, withholding taxes, and other statutory deductions across entities, in coordination with tax consultants. - Monitor the global AP ageing and cash requirements, and support treasury with payment forecasting. **India Accounting & Month Close** - Maintain the general ledger for the India entity and ensure all transactions are recorded accurately and in the correct period. - Maintain the fixed asset register (additions, disposals, capitalisation, etc.). - Perform monthly bank, credit card, and balance-sheet reconciliations, investigating and clearing reconciling items. - Post journal entries including accruals, prepayments, and reclassifications as part of month-end close. - Support timely month-end and year-end close in line with group timelines, including intercompany reconciliations. - Assist in preparing management reports, schedules, and supporting documentation. **Compliance & Controls** - Support statutory audits, tax filings, and regulatory requirements by preparing schedules and providing documentation. - Coordinate with external accountants, payroll providers, and auditors for the India entity. - Maintain organised, audit-ready records and help strengthen internal controls and process documentation across the AP function. **What we are looking for** **Must-haves:** - Bachelor's degree in Commerce, Accounting, or Finance. - 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. - Experience processing cross-border payments and working across multiple banking platforms such as Brex, Ramp, etc. - Strong working knowledge of Indian statutory compliance (GST, TDS). - Solid understanding of double-entry bookkeeping, reconciliations, and month-end close. - Proficiency with accounting software (e.g. NetSuite, QuickBooks, Zoho Books, or Tally) and strong Excel / Google Sheets skills. - Meticulous attention to detail, strong organisation, and the ability to manage deadlines across multiple entities. - Clear written and verbal communication in English, comfortable working with a distributed global team. - Based in Bangalore (in-office required). **What helps you stand out:** - CA Inter / CMA / MBA (Finance) or a full professional qualification. - Familiarity with international AP and withholding tax concepts. - Fintech, payments, or financial services industry experience. **What We Offer** - Competitive salary and benefits package. - Equity in a rapidly growing company. - Opportunity to work in a fast-paced startup at the forefront of fintech innovation. - Opportunity to make a significant impact on global financial infrastructure - Collaborative work culture with emphasis on personal and professional growth. 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.