Manager - Accounts Payable
Mumbai
Department – Accounting and Finance /
Full-time /
On-site
The Upstox Story:
Upstox is one of India's leading fintech companies with a mission to simplify trading & investing to make it easily accessible to the masses. We aim to enable everyone, from new investors to seasoned traders, to invest across multiple categories with our state-of-the-art trade & investment platform and commission-free pricing. We offer numerous asset categories to invest in, like Stocks, IPOs, Mutual Funds, and more.
By focusing on our customers’ needs and equipping them with personalised yet powerful tools, we witnessed a steep growth of 800% in our customer base from 25 Thousand in 2017 to 2 Lakh in 2019. With 1500% growth in 2020, currently, over 10 million customers trust us with their investment decisions, thus setting us on the course to become an industry-leader in the country.
Our mission is simple - to break down the complexities of investing and make it more effortless, accessible, affordable, and easy for the masses to adopt. This key principle when infused with intuitive design and leading-edge technology will help us empower every Indian to take control of their investments.
RKSV Securities was founded by Ravi Kumar and Shrinivas Viswanath in 2009 and was soon graced by Kavitha Subramanian as the third co-founder in 2016. Backed by Ratan Tata, Upstox had raised $4 million in Series A funding in early 2016 that was led by Kalaari Capital. The Series B funding round scaled multifold and witnessed an investment of $25 million by US-based investment firm - Tiger Global Management in September 2019.
We have a team of highly skilled technology and finance professionals, and are currently looking for highly motivated field experts to be part of our high-energy team.
Here is what you need to know about this role:
Job Title: Manager - Accounts Payable (Full-time)
Location: Mumbai
Job description summary:
Manage the accounts payable process from receipt of invoices to payment disbursement, ensuring accuracy and adherence to company policies and procedures.
Leasing month end closing activities including Accruals, prepaid, provision, adjustment entries
Review and approve vendor invoices, expense reports, and payment requests in accordance with established guidelines.
Coordinate with internal departments to obtain necessary approvals and resolve invoice discrepancies in a timely manner.
Maintain vendor records, including accurate contact information, payment terms, and banking details.
Process weekly, monthly, and ad hoc payment runs
Reconcile vendor statements and resolve any outstanding balances or discrepancies.
Prepare accruals and month-end closing entries related to accounts payable transactions.
Monitor and analyze accounts payable aging reports to identify trends and potential issues, and take proactive measures to address them.
Implement process improvements to enhance efficiency, accuracy, and scalability of the accounts payable function.
Stay up-to-date on relevant accounting standards, regulations, and best practices, and ensure compliance with all applicable laws and regulations.
Monitoring cash & bank balances and movement of funds, ensuring optimum utilization of funds
Review the process to bring effectiveness & efficiency via process improvements.
To handle regulatory, tax, compliance & audit requirement for the process assigned
Lead change management in re-designing business process
Meet your team: You will work as a part of the Finance team.
Your way to impact:
Be self-driven / quick starter
Have an ownership mindset
Aggressively drive and deliver results
What do you need to bring?
CA / MBA finance with 5-8 years of work experience
Must have proficiency in SAP
Strong understanding of accounting principles and practices, including GAAP.
If you fit the above description, we would love to connect with you! APPLY NOW!
Upstox is an Equal Opportunity Employer; all qualified applicants will receive consideration for employment without regard to race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, veteran status, or other characteristics.
