Assistant Manager -Global AP & Financial Accounting

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.