Senior Financial Operations Specialist

We are seeking a seasoned financial operations expert to join our team. As Financial Operations Manager, you will be responsible for leading the accounting operations of the entity, including preparation of periodic financial statements and ensuring compliance with generally accepted accounting principles.

Key Responsibilities:

• Lead and ensure compliance requirements with all US and India GAAP and local Tax and Accounting regulations.
• Ensure the financial reporting of legal entities' results in accordance with US GAAP and Local GAAP.
• Act as the main point of contact for external accountants and oversee their daily tasks.
• Coordinate with external accountants to review and finalize monthly financial records.
• Ensure accuracy and timeliness of financial reporting by outsourced accounting partners.
• Review and suggest corrections for accounting records maintained by external vendors.
• Drive accounting operations for procure-to-pay processes, including expense management and balance sheet transactions.
• Prepare month-end general ledger close activities for all legal entities in India and US.
• Assist in preparing financial statement disclosures and support annual and periodic audits as per applicable law.
• Collaborate with external accountants to complete statutory audits and due diligence processes.

Compliance:

• Maintain and update a compliance calendar for multiple geographies for all applicable laws and compliance requirements.
• Manage vendor invoices, record payments, and ensure tax compliance.
• Review tax filings and assist in preparing necessary tax submissions across India and the US.
• Ensure compliance with periodic filings required by regulatory authorities in India and US working together with outsourced accounting and compliance partners.
• Ensure compliance with applicable Transfer Pricing regulations in India, US and any other geographies from time to time.
• Review and maintain compliance with any other applicable direct and indirect tax laws, employment laws based on the operations of the Company.
• Provide tax, insurance and other reports needed by governmental regulations.

Financial Analysis and Process Set Up:

• Provide required support to the executive team to assess the financial impact of new initiatives.
• Calculate commissions for employees on variable payroll and submit reports to the accounting partner monthly.
• Assist sales and customer service teams in completing vendor forms and ensuring compliance with company and regulatory requirements.
• Oversee the development of financial accounting systems needed to maintain reporting specifications.
• Coordinate, administer, and control financial operations.
• Review, analyze, and interpret financial and budgetary reports. Direct all aspects of accounting operations and the preparation of annual financial forecast.
• Support country funding plan and capital structure for business expansion needs in India / US and other geographies.
• Improve data quality and integrity, continuously strive to reduce, and eliminate errors,
• Drive standardization in the processes across regions & countries

People / Stakeholder Management:

• Manage a team of accounting professionals of entities and guide them in the controllership functions.
• Responsible for ensuring timely and accurate reporting of revenue activities for the Group and maintaining a single source of truth for financial data.
• Hire and set up high performing AR/AP team including certain portion of credit management support
• Establish a strong service culture whereby high levels of customer satisfaction are achieved continuously (Internal and external customers)
• Cash management, including daily cash positioning, multi-currency fund transfers, co-ordination with front/ middle office and banks for ensuring timely settlements, investments and redemption.
• Work closely with other functions including secretarial, taxation, treasury, payroll, etc. to ensure smooth operations of the entity, manage cash flow, and ensure timely payments to employees / vendors.
• Assist in performing and working on special projects like international expansion, ERP Implementation etc as required.

Qualifications and Skills Required:

• Proficiency in MS Office, Zohobooks and QuickBooks.
• Deep understanding of India and US GAAP accounting principles and procedures.
• Familiarity with the SaaS business model and key metrics.
• Excellent attention-to-detail
• Strong problem-solving skills and the ability to connect information to find solutions proactively.
• Excellent communication skills and be able to present and articulate complex concepts and ideas in a persuasive and easy to understand manner

Experience required:

• Qualified Chartered Accountant (CA)
• Overall experience of about 4-6 years is required.
• Experience working at a funded (Series Seed and above) start-up for 2+ years is nice to have.
• Prior experience hiring/performing annual appraisals and team management is a plus.
• Experience closing audits with Big-4 Auditors in India and/or US

Mindset:

• Growth mindset with the ability to anticipate future needs and adapt efficiently.
• A passion for learning and continuous improvement, always seeking better ways of doing things.
• Curiosity to independently explore and analyse data to gain insights into the trajectory of our business.
• Consistently meet deadlines and effectively prioritize workload.
• Challenge the status quo and bring innovative methods to improve the process/ Process Transformation through Digitalization, Lean Principles, and Automation