Assistant Manager -Global AP & Financial Accounting

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.

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.

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.

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