Junior Finance Associate

2 weeks ago

Remote, India Rare Carat Full time US$ 60,000 - US$ 1,20,000 per year

Us in a glimpse:

Founded in 2016 by a BCG consultant frustrated with his engagement ring buying experience, Rare Carat has grown to be one of the largest diamond jewelry online retailers in the United States. It was called the "Secret to Buying A Diamond" by the New York Times.

powers over $100m in annual sales by creating transparency in a historically opaque industry using AI indicators and human expert advice. Operating on an innovative "managed marketplace" business model, the company combines the selection advantages of a marketplace with the quality assurance of a traditional retailer.

We have grown to over 180+ employees, but remain a very flat and close-knit team committed to learning from each other, and having the best idea win.

Rare Carat is run by Wharton and Harvard Business School grads. Advisors include TrueCar's founder, Blue Nile's ex-CEO, Wharton's Innovation Dean, and Richard Branson's Venture Capital head. We have been featured in the New York Times, TechCrunch, NPR, USA Today, CNBC, among others.

Wondering why work with us? Here's why:

  • We are a fully remote start-up, growing quickly from under 5 people to close to 100 in just six years
  • Our culture is unique: we have a global, remote team of young people taking on more responsibility than most companies would give. We have a bias for action, and a meritocracy where the best ideas win
  • We help customers with the most important purchase of their life so far, their engagement ring. Marrying humans and technology to help our customers make the right decision is thrilling and rewarding.
  • If you are the right fit for our rocketship - we would make you an offer, you can't refuse :)
Responsibilities
1. Accounting & Finance
  • Assist with bookkeeping and maintaining financial records.
  • Work with trial balances, ledgers, and reconciliations.
  • Support accounts payable (AP) processes and vendor management.
  • Assist in processing payments and monitoring transactions.
  • Conduct basic financial reconciliations and resolve discrepancies.
  • Maintain accurate and up-to-date financial documentation.
2. Operations & Compliance
  • Assist in invoice verification and processing vendor payouts.
  • Support internal audits and provide data for financial reports.
  • Ensure compliance with company financial policies and procedures.
  • Assist in financial reporting and documentation for tax purposes.
  • Track and update financial records regularly to ensure accuracy.
3. Administrative & Coordination
  • Work closely with the senior finance team to support daily operations.
  • Assist in preparing reports, spreadsheets, and financial summaries.
  • Help coordinate with vendors, banks, and other stakeholders.
  • Support process improvements in financial workflows.
Qualifications Required
  • Qualifications:
    • BCom/MCom or relevant finance/accounting degree.
  • 3-4 years of experience in accounting, finance, or related fields.
  • Technical Skills:
    • Basic understanding of trial balances, ledgers, and reconciliations.
  • Experience with vendor management and payment processing.
  • Proficiency in Microsoft Excel and Google Workspace tools.
  • Soft Skills:
    • Strong English communication and analytical skills.
  • Detail-oriented with excellent problem-solving abilities.
  • Ability to manage time effectively and meet deadlines.

Working Hours

7 pm - 3 am IST (US EST Timing)

If you're looking to grow your finance career in a dynamic startup environment and gain hands-on experience, we'd love to hear from you

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