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.